We have examined the value that the market assigns to different components of the cash flow to equity including quot;potentialquot; dividends. We study non financial publicly traded firms of five Latin American countries: Argentina, Brazil, Chile, Mexico and Peru during the period 1991-2007. The...

Many financial consultants, authors and teachers include changes in liquid assets (potential dividends) in the cash flows. This practice is against basic financial theory. We present economic, theoretical and empirical arguments to support the position to use only paid dividends in the cash...

We analyse the determinants of ICT investment and the impact of information technology on productivity and efficiency on a representative sample of small and medium sized Italian firms. In order to test the most relevant theoretical predictions from the ICT literature we evaluate the impact of...