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Persistent link: https://www.econbiz.de/10015085242
A political involvement in any organisation has often proved to be profitable for such firms that are seeking support and favourable regulatory conditions. Though many studies have investigated the effect of the corporate lobbying activities on the organisations, no clear results have been...
Persistent link: https://www.econbiz.de/10011964124
The proportion of assets held by the average Canadian firm in the form of cash has increased steadily since the early 1990s, and is now roughly twice as large as in 1990. The literature has established that the cash-holding behaviour of firms is highly correlated with financial constraints and...
Persistent link: https://www.econbiz.de/10010289686
Actually determining the intrinsic value of liquidity is one of the unsolved problems in finance. Firms hold liquidity for a variety of different reasons. Generally, liquidity balances held in a firm can be called considered, precautionary, speculative, transactional and intentional. The first...
Persistent link: https://www.econbiz.de/10014221233
Learning the pre limited liability value process of equity claims and its relationship to the stock price is an answer to the financial jeorpardy question when observed option prices are the answer being given by the market. Constant dollar equity holder values, prior to the imposition of...
Persistent link: https://www.econbiz.de/10013004139
The greatest concern of retirees is to maintain their lifestyle through retirement. They ponder if they have enough money, should they adjust their expenses, how should they invest their savings, and would they be able to leave anything for their children or charity. There are no unique answers...
Persistent link: https://www.econbiz.de/10012964519
This paper studies the interplay between firm investment and cash flow hedging decisions when the decision-maker has time-inconsistent preferences. We show that cash flow hedging acts as a double-edged sword. In some cases, cash flow hedging enhances firm value because the firm can thus invest...
Persistent link: https://www.econbiz.de/10013034583
Advice provided by financial planners has the potential to impact the financial and emotional well being of clients. Despite the outcomes of quality financial planning relationships, there is little direct evidence to support the importance of ‘relationship quality' in financial planning....
Persistent link: https://www.econbiz.de/10013037880
In this tutorial article, the strategies available to hedge market risks arising from different financing instruments are explained. Financial derivatives, whether futures or options have been widely applied in companies to mitigate or eliminate potential losses due to the uncertainty in...
Persistent link: https://www.econbiz.de/10012913055
We study the value added of automated financial management (AFM) services along two dimensions: diversification and account size flexibility. First, using a company-specific experiment with matched AFM and traditional portfolios, we find AFM portfolios are significantly better diversified....
Persistent link: https://www.econbiz.de/10012902640