This paper analyses the effects of Peruvian 2005 Juntos Conditional Cash Transfer, program on higher education attainment and by gender. Based Young Lives Survey using matching techniques, we find that has a positive effect attainment. Recipients are 8.5 percentage points more likely to attain technical studies, this result remains regarding technique used. Moreover, after controlling for commu...

a r t i c l e i n f o We re-evaluate the cash flow–investment relation from a new angle in a setting where the firm can access capital markets and faces different investment opportunity sets. Instead of replying on cash flow, we introduce other forms of finance to interact with investment. We find that financial variables enter significantly into the investment regressions at different timing. ...

This paper presents a new power cycle for direct conversion of thermomechanical energy into electrical energy performed on pyroelectric materials. It consists sequentially of (i) an isothermal electric poling process performed under zero stress followed by (ii) a combined uniaxial compressive stress and heating process, (iii) an isothermal electric de-poling process under uniaxial stress, and f...

A company needs sufficient non-current assets and current for the successful running of business maximization wealth firm. Especially, in short-run or working capital management plays an important role success failure firm its impact on profitability This article aims to examine performance as well market value companies logistics industry. study used fixed effect panel data analysis with a set...

This study analyses the effect of ownership structure and performance listed conglomerates on Nigeria Stock Exchange. Over years manufacturing firms in had been faced with liquidity risk, risk opportunity loss, overcapitalization, undercapitalization, longer cash conversion cycle. The secondary data used is obtained from six selected stock exchange for period five 2016-2020. objective to analyz...

We study a dynamic model of firm whose shareholders learn about its profitability and, face costs external financing and holding cash. The shareholders' problem involves notoriously challenging singular stochastic control with two-dimensional degenerate diffusion process. solve it by means an explicit construction value function, derive corporate life-cycle two stages: “probation stage” where i...