Abstract It is well established that there uneven availability of credit across space, in particular for SMEs. The evidence on whether this translates into differences actual business investments remains scarce. We assess question by using firm-level data Swedish firms and estimate the extent to which average investment-cash flow sensitivities vary urban–rural hierarchy. find world financing no...

The article analyses the investments efficiency of sulphur oxide (SOx) scrubber installation to comply with the requirements of MARPOL 73/78 Annex VI, which sets 0.1% SOx limits in 2015 in Emission Control Area (ECA) and 0.5% in 2020 globally. There are two most realistic technologies to reduce SOx emission suitable for existing fleet: low sulphur fuel; scrubber. Mentioned technologies are comp...

journal of accounting advances (j.a.a) vol. 5, no. 1, 2013, ser. 64/3     extended abstract   monitoring role of auditing and corporate dividend payout policies   dr. v. khodadadi              s. hajizadeh               r. ghorbani shahid chamran university of ahvaz   introduction the aim of this paper is to investigate the relation between monitoring role of independent auditing and corporate ...

Recently, market globalization and competition have forced companies to find alternative means to boost sales and revenue. The use of the cash flow is increasingly becoming a viable alternative for managers to improve their company’s profitability in a supply chain. In today’s business transactions, a supplier usually asks a manufacturer to pay via the advance-cash-credit (ACC) payment scheme i...

This study compares profitability and risk of conventional cage-free egg production in the United States. Evaluating is particularly relevant given ongoing consumer driven changes new legislation. Results show that while Modified Internal Rate Return (MIRR) for above an estimated industry opportunity cost capital, production’s MIRR does not fully satisfy investors’ expectations. The investment,...

This article describes an intelligent system for financial planning and cashflow optimization named ICF: Intelligent Cash Flow. ICF is a computational tool for decision support which provides short-term and long-term financial managing strategies, considering financial products of the market. The ICF system makes use of Genetic Algorithms to elaborate cash flow projections which improve the com...

This study investigates the effect of information technology (IT) investments on initial bond ratings and yield spreads for U.S. firms. The results indicate that the impact of IT investments on the bond ratings and yield spreads is different across industries, consistent with varying IT risks across industries. The findings suggest that credit-rating agencies and bond investors consider IT inve...

This paper documents the short and long term balance sheet effect of cash flows. We show that cash savings in the short run and debt reduction in both the short and the long run account for a substantial fraction of cash flow use. Although, in the long run, investment exhibits substantial sensitivity to cash flows, investment does not absorb the entire cash flow shock. In fact, the tighter the ...

The bias against mangrove areas in siting fish farms prompted a comparison of the cost structure and yield performance in upland and mangrove locations. Tools utilized included descriptive statistics, budgetary and cash flow analyses and profitability ratios. Empirical results revealed that substantial revenue could be realized from both farms. While the upland farms yielded average gross reven...