Spending the big bucks may seem inevitable to a cash-strapped city goer. This is especially true if you're a student pressed between a heavy load of school work and a tight budget. But have no fear ? the city that never sleeps offers a plethora of opportunities to learn, explore, and enjoy without blowing all your savings. You could start by checking out NYC: The Official Guide [2]. You can als...

Spending the big bucks may seem inevitable to a cash-strapped city goer. This is especially true if you're a student pressed between a heavy load of school work and a tight budget. But have no fear ? the city that never sleeps offers a plethora of opportunities to learn, explore, and enjoy without blowing all your savings. You could start by checking out NYC: The Official Guide [2]. You can als...

The automatic teller machine (ATM) will be for the foreseeable future the dominant mode of access to cash for those living in industrialized societies. In this article we present the ATM as a political site where a multiplicity of relationships—primarily but not exclusively between the customer and the bank—become configured in ways that serve some interests and not others. The article draws on...

where u1 is the proportion of the portfolio held in stocks, and u2 is the consumption rate. Evidently it is natural to take 0 ≤ u1 ≤ 1 and u2 ≥ 0, but in fact we shall allow −∞ < u1 <∞. If u1 > 1 then the cash part of the portfolio is negative, so we are borrowing money to buy stocks. If u1 < 0 then the stock part of the portfolio is negative, so we are so called shorting the stock. The goal is...

Abstract We derive a consistent valuation approach that integrates the interdependent effects of cash dividends, share repurchases and active debt management while considering personal taxes. The is based on assumption predetermined proportion flow to equity used for instead dividends. Additionally, we examine cost by deriving appropriate adjustment formulae. Furthermore, run simulations invest...

Spending the big bucks may seem inevitable to a cash-strapped city goer. This is especially true if you're a student pressed between a heavy load of school work and a tight budget. But have no fear ? the city that never sleeps offers a plethora of opportunities to learn, explore, and enjoy without blowing all your savings. You could start by checking out NYC: The Official Guide [2]. You can als...

Cash takeover bids financed from internally generated cash reserves could be a function of capital market imperfections (Myers and Majluf 1984) or symptomatic of “free-cash-flow” problems (Jensen 1986, 1988). We find that bids financed from cash reserves outperform those that use debt financing. Further, ‘free cash flow’ firms outperform ‘non-free cash flow’ firms. The majority of cash bids are...

This article describes an expert system for cash flow analysis called CFA--Cash Flow Analyzer. which uses knowledge based on ratio analysis and the budgetary statement of changes in cash flow. The system uses "If ••• Then ••• " rules to capture the expertise necessary to diagnose the source of cash flow problems and make recommendations on how to mitigate those problems. 1. AN EXPERT SYSTEM FOR...

We investigate the effect of economic policy uncertainty (EPU) on corporate cash holdings using a large sample international firms. EPU intensifies concerns investors managerial self-dealing and political extraction. Consequently, potential cost (i.e., expropriation) outweighs its benefit precautionary motives), optimal amount decreases. find supportive evidence that firms hold less when is hig...

Cash-flow Notation: We use (c0, c1, . . . , ci, . . . , cn) to denote the series of cash-flows where ci is received at time t = i . The length of a period, i.e. the interval of time between t = i and t = i + 1, will usually be understood from the context. Negative cash-flows refer to cash payments. The initial cash-flow, c0, will often be negative while the remaining cash-flows are positive. Th...