Narrow search
Showing 1 - 10 of 5,113
Cover Image
Share Buybacks and Employee Stock Options
Hohaus, Bolko - In: CESifo Forum 16 (2015) 4, pp. 79-81
Persistent link: https://www.econbiz.de/10011696200
Cover Image
Does firm value move too much to be justified by subsequent changes in cash flow?
Larrain, Borja; Yogo, Motohiro - 2005
Movements in the value of corporate assets are justified by changes in expected future cash flow. The appropriate measure of cash flow for valuing assets is net payout, which is the sum of dividends, interest, and net repurchases of equity and debt. When discount rates are low and equity...
Persistent link: https://www.econbiz.de/10010280930
Cover Image
Bank commitment relationships, cash flow constraints, and liquidity management
Morgan, Donald P. - 2000
Evidence in this paper suggests that a close banking relationship - a loan commitment in particularparticular, relax cash flow and cash management constraints on firms. Given firms' prospects (Q), the investment and cash flow correlation is substantially lower when firms have a bank loan...
Persistent link: https://www.econbiz.de/10010283478
Cover Image
Farm level projections of the impacts of payment limitations
Richardson, James W.; Outlaw, Joe L.; Raulston, J. Marc; … - 2003
Persistent link: https://www.econbiz.de/10010322008
Cover Image
Corporate cash holding in Asia
Horioka, Charles Yuji; Terada-Hagiwara, Akiko - 2013
In this paper, we analyze the determinants of corporate saving in the form of changes in the stock of cash for 11 Asian economies using firm-level data from the Oriana Database for the 2002 - 2011 period. We find some evidence that cash flow has a positive impact on the change in the stock of...
Persistent link: https://www.econbiz.de/10010332288
Cover Image
Exporting, Capital Investment and Financial Constraints
Manole, Vlad; Spatareanu, Mariana - 2009
Many firms cite financial constraints as some of the most important impediments to their investment and growth. Using a unique data set from the Czech Republic this paper investigates the importance of financing constraints in the context of exporters. It finds that exporters are less...
Persistent link: https://www.econbiz.de/10010313397
Cover Image
The effect of cash flow on investment: An empirical test of the balance sheet channel
Melander, Ola - 2009
likely to be financially constrained (low-dividend, small and non-group firms). Moreover, the investment-cash flow …
Persistent link: https://www.econbiz.de/10010320749
Cover Image
Share repurchases as a form of payout for shareholders
Kowerski, Mieczysław - In: e-Finanse: Financial Internet Quarterly 7 (2011) 4, pp. 37-54
shareholders, including their further sale. Share repurchase is like dividend payout a form of transferring profit to shareholders …
Persistent link: https://www.econbiz.de/10010289518
Cover Image
Determinants of Payout Policy and Investment Attractiveness of Companies Listed on the Warsaw Stock Exchange
Pieloch-Babiarz, Aleksandra - 2017
calculations were carried out using the methodology of taxonomic measure of investment attractiveness, as well as dividend premium …
Persistent link: https://www.econbiz.de/10012232581
Cover Image
The impact of a firm's payout policy on stock prices and shareholders' wealth in an inefficient market
Nekat, Kai; Nippel, Peter - 2007
effects considered in signaling games. We show that paying out free cash flow, either as a dividend or via repurchasing shares … dividend as long as capital gains are not heavily discriminated by taxation in relation to dividends. The positive price effect … of dividends can be enhanced if the firm implements a dividend reinvestment plan (DRIP). …
Persistent link: https://www.econbiz.de/10011558825