Diversification and cash dynamics
WebApr 1, 2024 · This paper investigates the effect of cultural heterogeneity on corporate cash holdings by focusing on multinationals. The result shows that the level of corporate cash holdings is positively... WebMay 7, 2010 · ABSTRACT This paper studies the relation between corporate liquidity and diversification. The key finding is that multidivision firms hold significantly less cash than stand-alone firms because they are diversified in their investment opportunities.
Diversification and cash dynamics
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Web1 day ago · Petróleo Brasileiro S.A. (better known as Petrobras) is one of the world's largest producers of oil and gas and one of the largest companies in Latin America. The company primarily deals in ... WebMore efficient internal capital markets increase cash differences and are especially valuable when a firm diversifies or refocuses. Contrary to static models, more diverse …
WebFeb 1, 2008 · We develop two hypotheses based on efficient internal capital market and agency problems. We find that the value of cash is lower in diversified firms than in single-segment firms, and that firm diversification is associated with a lower value of cash in both financially unconstrained and constrained firms. Web"Diversification and cash dynamics," Journal of Financial Economics, Elsevier, vol. 123(3), pages 580-601. Jiang, Jiaoliang, 2024. "Short selling and corporate diversification in emerging markets: Insights from controlling shareholder tunneling," Pacific-Basin Finance Journal, Elsevier, vol. 75(C).
Web”Diversification and Cash Dynamics” (with Tiantian Gu), 2024, Journal of Financial Economics 3, 580-601. “The Causal Effect of Option Pay on Corporate Risk … Web21 hours ago · The ratings reflect Werfen's growing scale and diversification post acquisition, and a business model characterised by leading international market positions in specialist diagnostics devices and products, offering stable, predictable and defensive medium-term revenue streams. ... Favourable Industry Dynamics: ... (Cash from …
WebRecent studies show that diversified firms hold less cash because diversification facilitates better coordination of internally generated cash flows and investment opportunities (see Duchin, 2010; Subramaniam et al., 2011). Directly examining how firms spend and save cash flows enhances our understanding of competing overinvestment and ...
WebWhy do diversified firms hold significantly less cash than focused firms? We study this question using a dynamic model of corporate investment, saving, and diversification … screen snip editWebThis study aims to conceptualize on how financial risks i.e., liquidity and credit risk, and investment diversification relate to waqf institution’s efficiency in Malaysia. Past studies were reviewed to identify the relevant theories and empirical screen sniper downloadWebMay 10, 2024 · Longevity risk constitutes an important risk factor for life insurance companies, and it can be managed through longevity-linked securities. The market of longevity-linked securities is at present far from being complete and does not allow finding a unique pricing measure. We propose a method to estimate the maximum market price of … screen sniper toolWebMay 7, 2010 · The key finding is that multidivision firms hold significantly less cash than stand-alone firms because they are diversified in their investment opportunities. Lower … paws of atlanta in dekalbWebDec 1, 2016 · Based on the diversification argument, conglomerates have better access to internal capital markets, lower costs for the conversion of assets into cash, better … paws of anderson countyWebDiversification has generally been operationalized as a continuous variable analogous to the Herfindahl index; for example, one minus the sum of the squared percentages of a firm's total revenues (or total employment) in each of its markets. screen snip filesWebJan 18, 2024 · This book contributes to the understanding of smallholder agriculture in sub-Saharan Africa through addressing the dynamics of intensification and diversification within and outside agriculture ... paws of anderson sc