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, ...

A firm's cash flow policies, which manage working capital in the form of cash receivables from customers, inventory holdings, and cash payments to suppliers, are inexorably linked to the firm's operations. Building on earlier research, this study: (i) extends prior studies by examining the relationships between changes in cash flow measures and changes in firm financial performance using a long...

This study aims to analyze the effect of eco-efficient, operating activities and environmental accounting on financial performance manufacturing companies listed Indonesia Stock Exchange for period 2018-2020. research uses explanatory quantitative method. Purposive sampling was used determine sample. Multiple linear regression as an analytical tool in this study. The results showed that eco eff...

T internal rate of return (IRR) is a venerable technique for evaluating deterministic cash flow streams. Part of the difficulty in extending this measure to stochastic cash flows is the lack of coherent methods for accounting for multiple or nonexistent internal rates of return in deterministic streams. Recently such a coherent theory has been developed, and we examine its implications for stoc...

A profession serves a public purpose. Consequently, an outline of the history of the actuarial profession must follow the public purposes served by actuaries in applying their basic science. The formation in London in 1762 of the Society for Equitable Assurances on Lives and Survivorships as a mutual company, initiated a process that created a public purpose for actuaries. A mutual insurance co...

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...

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...

This paper applies free cash flow and information asymmetry hypotheses to investigate whether managers pursuit their private benefits by using capital investment expenditure (hereafter CI) increases or not, and to explore whether managers decrease CI as more dividend payments under information asymmetry hypothesis. Consequently, the present study investigates the effect of CI increases on abnor...