We investigate a firm’s joint decision to hold cash and to hedge in the presence of financial constraints. The predictions are tested using a sample of manufacturing firms. We confirm the existing evidence of a positive sensitivity of cash holdings to cash flow for financially constrained firms. More importantly, we find a positive sensitivity of hedging to cash flow for constrained firms and, ...

This study documents a subtle and counter-intuitive interaction between operating cash flow (CFO) and accruals, and their association with future stock returns. While the two strategies should by construction capture similar anomalies, we find evidence in two large stock markets that they appear distinct, and that returns to these strategies are strongly negatively correlated. We show that the ...

This study aims to determine the condition of cash flow in PT. Bosowa Insurance Jambi Branch. if you look at analysis statement. Data collection is carried out with literature and documentation research techniques. Research methods. by using descriptive methods from operating activities, investments, funding as well ratio analysis, namely: Operating Cash Flow Ratio (AKO), Coverage Current Debt ...

This paper presents an integrated analysis of production and financing decisions. We construct a model in which a cash storage unit is installed to manage the cash flows associated with production activities such as raw material procurement, process operating setup, inventory holding costs and finished product sales. Temporary financial investments are allowed to increase profit. The production...

this study focused on the income generating capacity of farm family’s own resources and examined the vulnerability to financial risk among the remote and peri-urban farming systems of imo state. primary data was collected using the farming and rural systems approach to randomly select and interview 120 households. descriptive statistics and mann whitney test were used in assessing between group...

INTRODUCTION To evaluate the economic impact of automated-drug dispensing systems (ADS) in surgical intensive care units (ICUs). A financial analysis was conducted in three adult ICUs of one university hospital, where ADS were implemented, one in each unit, to replace the traditional floor stock system. METHOD Costs were estimated before and after implementation of the ADS on the basis of flo...

cash flow forecasting is an indispensable tool for construction companies, and is essential for the survivalof any contractor at all stages of the work. the time available for a detailed pre-tender cash flow forecast is oftenlimited. therefore, contractors require simpler and quicker techniques which would enable them to forecast cash flowwith reasonable accuracy. forecasting s-curves in constr...