How Cash Flow Volatility Affects Debt Financing and Accounts Payable [PDF]
International Journal of Economics and Finance, 2015 This paper investigates how volatility of cash flow from operations affects debt financing and accounts payable using a sample of Italian listed firms. Firms with different levels of cash flow were also examined. We find that firms that have more cash flow volatility have lower long-term debt to total debt, whatever the average level of their cash flow.
Santosuosso, Pierluigi
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The relationship between cash flow volatility and cash flow sensitivity of cash with dividend policy in Tehran stock exchange [PDF]
بررسیهای حسابداری و حسابرسی, 2014 Dividend Policy and its major factors are one of the most important matters in financial literature that have been widely investigated. The authors have mentioned some of the firm features that have a positive impact on dividend policy.
Yahya Kamyabi +2 more
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Financial statement comparability, cash flow volatility, capital expenditure: are they related to cash holding? [PDF]
Gestão & ProduçãoThis study examines the relationship between financial statement comparability, cash flow volatility, and capital expenditure on cash holding in Indonesia, a developing country with weak investor protection and high agency costs.
Tessa Vanina Soetanto, Adelina Proboyo
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Free Cash-Flow, Issuance Costs and Stock Price Volatility [PDF]
, 2008 We study the issuance and payout policies that maximize the value of a firm facing both agency costs of free cash-flow and external financing costs. We find that the firm optimally issues equity. Equity distributes no dividends until a target cash level is reached, while new equity is issued when the firm runs out of cash.
Décamps, Jean-Paul +3 more
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Cash Flow Risks, Capital Structure Decisions and Cash Flow Shortfalls [PDF]
مجله توسعه و سرمایه, 2021 Objective: Firstly, this research investigates the relationship between cash volatility and financing decisions and then, investigates the effect of cash flow shortfalls on the relationship between financing through debt and cash flow volatility.
Mojtaba Safipour Afshar +2 more
doaj +1 more source
Methodological Approach to the Organization of Monitoring of Cash Flow Volatility
Финансы: теория и практика, 2021 The study presents the author’s approach to monitoring the volatility of cash flows. The relevance of the study is due to the fact that a high increase in volatility can have a negative impact on the stability of individual economic entities; therefore ...
A. V. Larionov
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Enterprise System Implementation and Cash Flow Volatility
SSRN Electronic Journal, 2023 AbstractThis study investigates the financial and operational implications of enterprise systems (ESs) in corporate risk management. Using matched difference‐in‐differences analyses based on ES implementation events, we document a significant reduction in the volatility of operating cash flows following ES implementations.
Alfred Z. Liu +2 more
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Does green finance support to reduce the investment sensitivity of environmental firms?
Journal of Business Economics and Management, 2023 This study aims to examine the financing cash flow sensitivity into the firm investment of Environment Sensitive Firms (ESFs). To improve the robustness of our analysis, we implement cluster regression to analyze the 300- firms listed on Shenzhen Stock ...
Ashfaq Habib +2 more
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The Investigation of the Effect of Cash Flow Uncertainty on the Investment-Dividends Sensitivity [PDF]
راهبرد مدیریت مالی, 2015 The purpose of this research is to investigate the effect of cash flow uncertainty on investment-dividends sensitivity in the companies listed in Tehran Stock Exchange (TSE).
hasan hemmati +2 more
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The effect of CEO power on dividend payout probability: The role of profitability and cash flow volatility [PDF]
مطالعات تجربی حسابداری مالی, 2023 Dividend policy is one of the most important topics in financial literature. One of the motivations of powerful CEOs to pay dividends is to build a reputation in the capital markets in order to obtain foreign financing on favorable terms.
shokrollah khajavi, soraya weysihesar
doaj +1 more source