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Financial statements are aimed at providing information that can be used by investors and creditors to forecast, compare and evaluate potential money in cash flows for their needs by the amount, the time schedule and the characteristic risks. The purpose of financial statements is to provide the...
Persistent link: https://www.econbiz.de/10010969057
This paper tests for the importance of cash flow on investment in fixed capital and R&D using firm-level panel data in … investment or R&D. In identical specifications for British firms, cash flow is informative about investment, although not about … the level of R&D spending conditional on the R&D participation decision. In the UK, we also find that investment is less …
Persistent link: https://www.econbiz.de/10010884496
В статье исследовано и проанализировано влияние изменения денежных потоков на чувствительность инвестиционной деятельности предприятия. Доказано, что...
Persistent link: https://www.econbiz.de/10011216068
linkages between investment in fixed and working capital and financing constraints. We find that those firms characterized by … high working capital display high sensitivities of investment in working capital to cash flow (WKS) and low sensitivities … of investment in fixed capital to cash flow (FKS). We then construct and analyze firm-level FKS and WKS measures and find …
Persistent link: https://www.econbiz.de/10009293618
investment regressions and using the investment Euler equation. Results show that internal finance played a bigger role for …
Persistent link: https://www.econbiz.de/10009416173
linkages between investment in fixed and working capital and financing constraints. We find that those firms characterized by … high working capital display high sensitivities of investment in working capital to cash flow (WKS) and low sensitivities … of investment in fixed capital to cash flow (FKS). We then construct and analyze firm-level FKS and WKS measures and find …
Persistent link: https://www.econbiz.de/10010553618
linkages between investment in fixed and working capital and financing constraints. We find that those firms characterized by … high working capital display high sensitivities of investment in working capital to cash flow (WKS) and low sensitivities … of investment in fixed capital to cash flow (FKS). We then construct and analyze firm-level FKS and WKS measures and find …
Persistent link: https://www.econbiz.de/10010610372
this reform strategy to determine whether investment sensitivity to cash flow has actually been reduced. We find that … generated funds for investment. However, the reduction of investment sensitivity to cash flow is due to indirect financial …
Persistent link: https://www.econbiz.de/10010612818
Purpose – The purpose of this paper is to verify the existence of financial constraints for investment in Brazil, an … generalized method of moments (GMM), the paper estimates dynamic investment models based on the Euler equation and Tobin's q for a … different investment models based on the Euler equation, also controlling for growth opportunities. Significant investment …
Persistent link: https://www.econbiz.de/10010732413
We examine whether the incremental usefulness of the other comprehensive income (OCI) items relative to net income changed or not after the issuance of the Egyptian Accounting Standard number 1 (post-EAS 1). We also seek to depict inferences concerning which component(s) of OCI is more useful to...
Persistent link: https://www.econbiz.de/10010669426