In order to improve the accuracy of all kinds of information in the cash business and enhance the linkage between cash inventory forecasting and cash management information in the commercial bank, the first moving average prediction method, the second moving average prediction method, the first exponential smoothing prediction and the second exponential smoothing prediction methods are adopted ...

In this paper we study algorithms for pricing of interest rate instruments using a lattice interest model. The price is defined as expected discounted cash flow. If the cash-flows generated by the instrument depend on the full or partial history of the interest rates (path dependent contracts), then the pricing algorithms are typically of exponential complexity. We show that for some models, in...

C urrently U.S. corporations have record-high cash holdings. Many argue that this phenomenon is related to the sluggish recovery of the economy: Firms holding more cash are investing less, and this prevents the economy from taking off. While referring to the cash holdings of Apple, the president of a business association stated “Why wasn’t Apple spending that money on expansion, new products an...

BACKGROUND Social protection interventions, including cash grants and care provision have been shown to effectively reduce some negative impacts of the HIV epidemic on adolescents and families. Less is known about the role of social protection on younger HIV affected populations. This study explored the impact of cash grants on children's cognitive development. Additionally, we examined whether...

This paper develops a monthly cash budget modeled in Excel to illustrate how a spreadsheet simulation analysis can be performed to directly incorporate uncertainty in both sales and collection patterns to determine cash balances. The paper provides a numerical example, formulas as well as assumptions for a cash budget extending from January through December. It also describes how to perform a s...

Service firms seek customers with high revenues, profits, or lifetime value. However, they frequently ignore variations in consumption that lead to cash flow variability and adversely influence service operations and financial performance. This study shows that variation in individual customers’ consumption or spending on services can be decreased in ways that are actionable by most managers, w...

This study explores the importance of financial constraints and product market competition on share repurchase decision. We find that financially constrained firms are more likely to conduct debt-financed repurchases. Financially unconstrained firms, however, tend repurchases only when debt conditions favourable. also level industry is a significant factor behind managers’ decisions. High (low)...

the purpose of this study is to investigate the relationship between free cash flows and stock return considering managers' myopia. two hypotheses have been designed and tested, selecting 96 firms from accepted companies in the tehran stock exchange for six-year period from 2005 to 2010 and using stock return for three years ahead (to 2012). the results show that free cash flows are negati...

Resum Cash management is concerned with optimizing costs of short-term cash policies of a company. Different optimization models have been proposed in the literature whose focus has been only placed on a single objective, namely, on minimizing costs. However, cash managers may also be interested in risk associated to cash policies. In this paper, we propose a multi-objective cash management mod...

Resum Cash management is concerned with optimizing costs of short-term cash policies of a company. Different optimization models have been proposed in the literature whose focus has been only placed on a single objective, namely, on minimizing costs. However, cash managers may also be interested in risk associated to cash policies. In this paper, we propose a multi-objective cash management mod...