Until now single values of IRR are traditionally used to estimate the time value of cash flows. Since uncertainty exists in estimating cost data, the resulting decision may not be reliable. The most commonly cited drawbacks to using the internal rate of return in evaluatton of deterministic cash flow streams is the possibility of multiple conflicting internal rates of return. In this paper we p...

In this research, we investigate how cash holdings are affected by the environmental, social, and governance (ESG) disclosure practices of corporations. This research provides valuable insights into ongoing discussion all across world on ESG disclosure, mainly 5 countries from Organisation for Economic Co-operation Development (OECD), which United States America, Canada, Kingdom, Japan, Austral...

The research examines the effect of environmental responsibility, growth and company life cycle on cash holding - This study uses secondary data in annual report manufacturing companies obtained through official website Indonesia Stock Exchange (www.idx.co.id) , a sustainability that can be company's GRI-Database during 2018-2020 period with total sample 195 samples. Multiple linear regression ...

Rhodes-Kropf and Viswanathan (2004) suggest an adverse selection role of corporate cash reserve. Specifically, if investors know a bidder does not have to issue to invest, an attempt to do so sends a strong pessimistic signal of overvaluation. Despite its intuitiveness, this notion has not been explicitly studied in the empirical literature. Using a sample of acquisitions that are solely financ...

This study examines the effect of debt policy, good corporate governance and cash holing on firm value, where includes independent commissioner, managerial ownership, institutional audit committee board size. The sample in this used 198 data from 66 manufacturing companies listed Indonesia Stock Exchange for period 2018-2020 by using purposive sampling method. analysis toold are normality test,...

This paper examines how equity analysts affect corporate liquidity policy and the value of cash. Greater analyst coverage reduces information asymmetry between a firm and outside shareholders and enhances the monitoring process, in turn increasing the value of cash and allowing firms to hold more cash. The cash-to-assets ratio increases by 5.2 percentage points when moving from the bottom analy...

Using variations in local real estate prices as exogenous shocks to corporate financing capacity, we investigate the causal effects of financial flexibility on cash policies of US firms. Building on this natural experiment, we find strong evidence that increases in real estate values lead to smaller corporate cash reserves, declines in the marginal value of cash holdings, and lower cash flow se...

Recent debates in monetary theory have centered on so-called free banking and the role of banks providing money form fiduciary media a pure market economy. This paper examines how to what extent can emerge Based value, it is argued that those economists are mistaken who claim substitutes must all cases be interpreted as being titles. Those too mistaken, however, large for circulation It holding...