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This paper describes the share of investment in fixed capital and working capital financed by retained earnings using a …, particularly by smaller firms located in countries with less developed financial markets. Investment in fixed assets represents …
Persistent link: https://www.econbiz.de/10011473027
This paper investigates how firms manage their cash savings, financing, and investment when aggregate uncertainty is …, investment irreversibility, and time-varying risk premia. In my model, firms have a precautionary-savings motive and real options …
Persistent link: https://www.econbiz.de/10012983559
This paper describes the share of investment in fixed capital and working capital …
Persistent link: https://www.econbiz.de/10012999325
Theory has recently shown that corporate policies should depend on firms' exposure to short- and long-lived cash flow shocks and the correlation between these shocks. We provide granular estimates of these parameters for Compustat firms using a new filter that uses only cash flow data and the...
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