Buscar
Mostrando ítems 1-10 de 340
Stockpiling cash when it takes time to build: Exploring price differentials in a commodity boom
(Elsevier, 2017)
Some projects take time to build or are slow to yield cash flows. This may impact the dynamics of investment
and liquidity management, although few studies test their financial implications. We exploit the
peculiar ...
Investment cash flow sensitivity under managerial optimism: New evidence from NYSE panel data firms
(Universidad ESAN. ESAN EdicionesPE, 2014-06-30)
Investment cash flow sensitivity constitutes one important block of the corporate financial literature. While it is well documented in standard corporate finance, it is still young under behavioral corporate finance. In ...
Investment cash flow sensitivity under managerial optimism: New evidence from NYSE panel data firms
(Universidad ESAN. ESAN EdicionesPE, 2014-06-30)
Investment cash flow sensitivity constitutes one important block of the corporate financial literature. While it is well documented in standard corporate finance, it is still young under behavioral corporate finance. In ...
Financial constraint and cash flow sensitivity of Brazilian companies
(Univ Icesi, 2018-10-01)
This study analyzes the impact of financial constraint on the cash sensitivity of Brazilian companies, based on an empirical model that extrapolates literature with the moderation of the level of governance and the ...
Corporate governance and investment-cash flow sensitivity in BrazilGovernança corporativa e sensibilidade investimento-fluxo de caixa no Brasil
(Lociedade Brasileira de Finanças, 2019)
The effect of ownership structure on investment decisions under exogenous shocks
(2022)
Research Question/Issue: We assess how ownership concentration influences the sensitivities of expansion investments and maintenance investments to changes in a firm's cash flow. We find the causal effect by exploiting the ...
Decisão de investimento: impactos da restrição financeira e das crises econômicas
(Universidade do Vale do Rio dos Sinos, 2017-07-13)
This research investigated the impacts of economic crises on corporate investment decision in Brazilian publicly traded companies, between 1995 and 2015. In order to carry out this research, the companies were separated ...
Decisão de investimento: impactos da restrição financeira e das crises econômicas
(Universidade do Vale do Rio dos Sinos, 2017-07-13)
This research investigated the impacts of economic crises on corporate investment decision in Brazilian publicly traded companies, between 1995 and 2015. In order to carry out this research, the companies were separated ...
Young Innovative Firms, Investment-Cash Flow Sensitivities and Technological Misallocation
(2017)
Can technological misallocation generate financial frictions? We build a theoretical model with testable implications, in which the misallocation between R&D and production activities generates borrowing constraints. The ...
CEO's personal characteristics, ownership and investment cash flow sensitivity: evidence from NYSE panel data firms
(Universidad ESAN. ESAN EdicionesPE, 2014-12-30)
This study tries to extend previous works on behavioral corporate finance by examining the interaction between investment cash flow sensitivity and various CEO characteristics in either the existence or inexistence of ...