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A widely recognized paper by Colin Mayer (1988) has led to a profound revision of academic thinking about financing patterns of corporations in different countries. Using flow-of-funds data instead of balance sheet data, Mayer and others who followed his lead found that internal financing is the...
Persistent link: https://www.econbiz.de/10010316244
A widely recognized paper by Colin Mayer (1988) has led to a profound revision of academic thinking about financing patterns of corporations in different countries. Using flow-of-funds data instead of balance sheet data, Mayer and others who followed his lead found that internal financing is the...
Persistent link: https://www.econbiz.de/10010316298
Kapitalflussrechnung für den externen Adressaten des Jahresabschlusses hervorzuheben. Cashflow-Größen wird insbesondere eine geringe … Arbeit wird die tatsächliche Aussagekraft von Cashflow-Größen der Kapitalflussrechnung nach IAS 7 eingeordnet. Dazu wird zum … einen die Beeinflussbarkeit der Kapitalflussrechnung durch bilanzpolitische Maßnahmen untersucht. Zum anderen wird Literatur …
Persistent link: https://www.econbiz.de/10014528977
Die steigende Anzahl von Unternehmenskooperationen ist mit einer Zunahme ihrer Ausgestaltungsvarianten verbunden. Für das Kooperationsmanagement sind damit zahlreiche Herausforderungen verbunden, um die adäquate Institutionalisierung auszuwählen. Nach wie vor fehlen viele geeignete...
Persistent link: https://www.econbiz.de/10010331268
Empirically, net capital inflows are pro-cyclical in developed countries and countercyclical in developing countries. That said, private inflows are pro-cyclical and public inflows are counter-cyclical in both groups of countries. The dominance of private (public) inflows in developed...
Persistent link: https://www.econbiz.de/10012653025
We analyze firms’ investment behavior, differentiating firms according to the cash flow levels they experience during their lifecycles. We consequently consider the firm as the basic unit and not firm-year observations. Firms with persistent positive cash flow show higher investment-cash flow...
Persistent link: https://www.econbiz.de/10010284329
Persistent link: https://www.econbiz.de/10002147784
Persistent link: https://www.econbiz.de/10002147795
The basic purpose of this research is to determine the relevance of the cash flow statement (CFS), also known as statement of cash flows, for analysing a company's financial statements. This has been done by means of an empirical study, showing that, in order to undertake a comprehensive...
Persistent link: https://www.econbiz.de/10012998195
In this paper, we compute conditional measures of lead-lag relationships between GDP growth and industry-level cash-flow growth in the US. Our results show that firms in leading industries pay an average annualized return 4\% higher than that of firms in lagging industries. Using both time...
Persistent link: https://www.econbiz.de/10012903814