U.S. multinational corporations (MNCs) hold significant amounts of cash abroad. Using a handcollected sample of large U.S. MNCs, we find that the percentage of cash trapped overseas has a significantly negative impact on the market value of a firm’s cash holdings. Such negative effect is more pronounced when firms are subject to higher repatriation tax rate, when firms have higher costs of rais...

In the research literature on UK take-overs there seems to be an apparent conundrum. First, it appears that, in general, the market anticipates overall equity cash flow gains from a take-over in the sense that the share price of the acquiree firm typically increases relative to some appropriately market-adjusted benchmark over the period of time from the announcement of the take-over to the dat...

This paper applies real options analysis to analyze the optimal decision of adopting e-commerce when a firm’s output price is uncertain. The traditional discount cash flow method ignores the value of timing and operational flexibility. Therefore, it might underestimate the value of adopting e-commerce. The paper is the first study to build a theoretical derivation to detect the impact of adopti...

When pricing OTC contracts in the presence of additional risk factors and costs, such as credit funding collateral starting “clean price” is modified additively by valuation adjustments (XVAs) that account for each factor or cost isolation, while seemingly ignoring combined effects. Instead, costs can be jointly accounted ab initio mechanism at level cash flows, this “adjusted flow" approach le...

In 2021, sector mining experienced a growth of 7.78% yearly (YoY). The reason occurs because exists increase in the price commodities by hundred percent. It is what becomes something phenomenon based on study this. Study this conducted with destination for knowing influence from Company Profit, Operating Cash Flow, and Book Value Equity share company. role as variable independent, while plays d...