Stock Liquidity and Corporate Cash Holdings: Feedback and the Cash as Ammunition Hypothesis We advance the feedback/cash as ammunition hypothesis, namely that firms hold cash to address feedback from stock prices to cash flows and growth opportunities. Firms with more liquid stocks are expected to hold more cash, the opposite of the prediction from a standard information asymmetry perspective o...

In this study, the effect of management entrenchments on the speed of cash holding adjustment in Iran has been investigated. After designing the management entrenchment evaluation indicators, the transaction information was collected from the Stock Exchange in the five-year period of 2011-2015. The statistical sample consists of 155 companies selected by systematic deletion method. In this rese...

Cash forecasting plays a vital role in any financial organization to maintain the optimal cash balance to satisfy the customer needs on a daily basis without any delay. In the traditional approach statistical methods were used for cash forecasting. Banks have great challenges to avoid the surplus cash as well as to keep adequate cash to meet the customer demand. An intelligent model is needed t...

This paper documents the short and long term balance sheet effect of cash flows. We show that cash savings in the short run and debt reduction in both the short and the long run account for a substantial fraction of cash flow use. Although, in the long run, investment exhibits substantial sensitivity to cash flows, investment does not absorb the entire cash flow shock. In fact, the tighter the ...

The passage of the 1996 PRWORA (Personal Responsibility and Work Opportunities Reconciliation Act) transformed the U.S. welfare system from a federal entitlement program that emphasized cash assistance to poor families, primarily, to a state block grant that stressed time limits and work. More specifically, the law mandated lifetime time limits of five years for receipt of cash assistance (TANF...

Cash shortage is one of the most dangerous problems that may appear while projects are in progress. Inadequate cash flows force the companies to take short term or long term loans and in some cases companies end up being bankruptcy. In this study the planned and actual cumulative percentages of cash flows and work progress which are represented using S-curves are used as the basis for analyzing...

translation is of the most striking manifestations of contemporary arabic literature.this phenomenon in contemporary western criticism of the discussions that influenced this effect is  due to communication and connection with the arab literature and  west.            contemporaneous cash and cash schools, especially schools divan court are external factors affecting research. but the important...

In an experimental setting in Kenya, we show that certain financial and informational interventions delivered over the mobile phone network can be highly effective in boosting facility delivery rates of poor, rural women. Vouchers covering the full cost of care increased facility delivery rates by one-third, but a small copayment reduced the effect to almost zero. Cash transfers sent over the m...