Is R&D cash flow sensitive? Evidence from Chinese industrial firms

2018 ◽  
Vol 47 ◽  
pp. 77-95 ◽  
Author(s):  
Qian Weng ◽  
Måns Söderbom
Keyword(s):  
Cash Flow ◽  
Industrial Firms

scholarly journals Cash Flow Management and Industrial Firms Performance in Nigeria

2021 ◽  
Vol 9 (4) ◽  
pp. 701-711
Author(s):  
Idamoyibo Hwerien Rosemary ◽  
Abner Ishaku Prince ◽  
Akpan Ededem Jack ◽  
Orugun Ibidunni Fausat ◽  
Emmanuel Nwabueze Enoch ◽  
...  
Keyword(s):  
Cash Flow ◽  
Flow Management ◽  
Industrial Firms ◽  
Cash Flow Management

The Braun-Stammfest Industrial Group

2021 ◽  
pp. 217-245
Author(s):  
Michael Peneder ◽  
Andreas Resch
Keyword(s):  
Cash Flow ◽  
Research Community ◽  
Third Parties ◽  
Venture Capitalist ◽  
Bank Account ◽  
Industrial Firms ◽  
War Economy ◽  
Industrial Sites ◽  
The Poor ◽  
Industrial Group

In addition to his banking activities, Schumpeter actively pursued the ‘promoter’s profit’ during his brief and unfortunate history as a proto-venture capitalist. The activities that have so far received little attention from the research community are described in Chapter 9. Schumpeter invested on a grand scale in the foundation of new industrial firms. Given the poor condition of the industrial sites after years of a war economy, the economic rationale appeared sound, but the financial scheme, timing, and practical execution were not. In addition to spending his own wealth, he borrowed heavily from his privileged bank account and raised considerable funds from third parties. Having established large leverage, he was unable to refinance short-term loans when Austria was hit with a major banking crisis in 1924. As the factories failed before they could produce any significant cash flow, Schumpeter learned the perils of high leverage the hard way.

What Drives the Liquidity of Industrial Firms?

2020 ◽  
pp. 097215092096683
Author(s):  
Yomna Abdulla ◽  
Rabab Ebrahim ◽  
Sumathi Kumaraswamy ◽  
Muhammad Junaid
Keyword(s):  
Cash Flow ◽  
Earnings Quality ◽  
Cash Holdings ◽  
Quality Score ◽  
Management Policy ◽  
Capital Expenditures ◽  
Sales Growth ◽  
Working Capital ◽  
Industrial Firms ◽  
High Level

We investigate the cash management policy of Turkish industrial firms during the period 1998–2018. Our findings indicate the relative stability of cash holdings of industrial firms with a mean of 12.84 per cent of total assets, which is higher compared to other Turkish firms. Overall, cash flow, sales growth, leverage, net working capital and capital expenditures are the main drivers of cash holdings. We examine the effect of one of the indicators of asymmetric information—earnings quality score on the level of cash holdings. The results show that firms with high earnings quality score tend to hold a high level of cash due to operational use. Finally, we conclude that the drivers of cash holdings also differ in firms with high versus low earnings quality score.

scholarly journals Operating Cash Flow and Dividend Changes as a Management Tool for Planning and Making Decision

2020 ◽  
Vol 12 (2) ◽  
pp. 1
Author(s):  
Faris Alqadi
Keyword(s):  
Cash Flow ◽  
Stock Exchange ◽  
High Growth ◽  
Cash Flows ◽  
Management Tool ◽  
Net Income ◽  
Industrial Firms ◽  
Positive And Negative Coefficients ◽  
Growth Firms ◽  
Operating Cash Flow

The main objective of this study was to examine whether operating cash flows have incremental information beyond operating net income in explaining dividend changes for a sample of Jordanian industrial firms listed on the Amman Stock Exchange (ASE) during the period 2010-2016 Arguments for operating cash flow information suggest that it is better than accrual net income in reflecting the firm performance and in measuring the firm liquidity. Both performance and liquidity are viewed as significant factors influencing a firm’s dividend policy. To examine this, operating cash flow, operating net income and lagged dividends were incorporated in a regression model. The results of this model indicated that the only significant variables explaining dividend changes were operating net income and lagged dividends with positive and negative coefficients, respectively. An attempt was also made to address the problem of nonlinearity in the relationship between cash flow and dividend changes. The sample of the industrial firms were divided into two groups (high growth and low growth firms) based on market to book value ratio. The results of the two regression models provided evidence consistent with the superiority of accrual operating net income over operating cash flow in explaining dividend changes. The results of this study suggest that Jordanian industrial firms base their dividend policies on accrual net income rather than on cash flows. One possible consequence of this suggestion is that cash dividends are not internally financed and as a result, this would deteriorate the liquidity and solvency position of a firm.

Dividend Payout Ratio: Persoalan Free Cashflow, Debt To Equity Ratio, Kepemilikan Institutional, Investment Opportunity, Dan Kesejahteraan Karyawan

Liquidity ◽  
2017 ◽  
Vol 6 (1) ◽  
pp. 1-11
Author(s):  
Nurlis Azhar ◽  
Helmi Chaidir
Keyword(s):  
Cash Flow ◽  
Significant Influence ◽  
Stock Exchange ◽  
Institutional Ownership ◽  
Free Cash Flow ◽  
Manufacturing Companies ◽  
Flow Ratio ◽  
Prediction Ability ◽  
Employee Welfare ◽  
Equity Ratio

This study was conducted to examine the effect of Free Cash Flow Ratio, Debt Equity Ratio (DER), Institutional Ownership, Employee Welfare and Price Earning Ratio (PER) to Divident Payout Ratio (Parliament) partially on manufacturing companies listed on Indonesia Stock Exchange period 2011-2015. In addition, to test the feasibility of regression model, the influence of Free Cash Flow Ratio, Debt Equity Ratio (DER), Institutional Ownership, Employee Welfare and Price Earning Ratio (PER) to Divident Payout Ratio (DPR) simultaneously at manufacturing company listed on Bursa Indonesia Securities period 2011-2015. The population in this study are 146 manufacturing companies that have been and still listed in Indonesia Stock Exchange period 2011-2013. The sampling technique used was purposive sampling and obtained sample of 42 companies. Data analysis technique used is by using multiple linear regression test. The results showed that Free Cash Flow Ratio, no significant effect on Divident Payout Ratio (DPR). Debt Equity Ratio (DER) has a negative and significant influence on Divident Payout Ratio (DPR), Institutional Ownership has a significant positive effect on Divident Payout Ratio (DPR), Employee Welfare and Price Earning Ratio (PER) has a positive and significant influence on the Divident Payout Ratio ). Simultaneously Free Cash Flow Ratio, Debt Equity Ratio (DER), Institutional Ownership, Employee Welfare and Price Earning Ratio (PER) give effect to Divident Payout Ratio. The prediction ability of the five variables to the Divident Payout Ratio (DPR) is 21.3% as indicated by the adjusted R square of 0.271 while the remaining 79.7% is influenced by other factors not included in the research model.

ECONOMIC ANALYSIS OF TRAVEL COMPANIES CASH FLOW

2019 ◽  
Author(s):  
Valentine Tarasova ◽  
Iryna Kovalevska
Keyword(s):  
Economic Analysis ◽  
Cash Flow

Pengaruh Jumlah Dewan Komisaris, Leverage, Profitabilitas, Intensitas Modal, Cash Flow, Dan Ukuran Perusahaan Terhadap Konservatisme (Studi Empiris Pada Perusahaan Manufaktur Yang Terdaftar Di Bursa Efek Indonesia Tahun 2012-2017)

2019 ◽  
Vol 8 (1) ◽  
pp. 17-24
Author(s):  
Siti Suharni ◽  
Arini Wildaniyati ◽  
Dea Andreana
Keyword(s):  
Cash Flow ◽  
Sampling Method ◽  
Stock Exchange ◽  
Secondary Data ◽  
Capital Intensity ◽  
Financial Statements ◽  
Descriptive Statistics ◽  
Company Size ◽  
Manufacturing Companies ◽  
Financial Reports

This study is aimed at examining the effects of the Number of Board of Commissioners, Leverage, Profitability, Capital Intensity, Cash Flow, and Company Size toward Conservatism in the manufacturing companies listed on the Indonesian Stock Exchange (IDX). The population used in this study is the yearly financial statements on firm of manufacturing listed at BEI period 2012-2017, using purposive sampling method. The type of data used is secondary data obtained from yerly financial reports published and downloaded through the official BEI website. Data analyzed with Descriptive statistics, test of classic assumption and exmination of hypothesis with multiple linier regression method. The result of hypothesis research shows variable Profitability and Cash Flow have a significant effect on the ability of Conservatism, while the Number of Board of Commissioners, Leverage, Capital Intensity, and Company Size has no effect on the ability of Conservatism.

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