The Determinants of Corporate Cash Management Policies: Evidence from around the World

CFA Digest ◽  
2011 ◽  
Vol 41 (3) ◽  
pp. 14-16
Author(s):  
Lee M. Dunham
Keyword(s):  
Cash Management ◽  
The World ◽  
Management Policies

Water in the Time of Drought II: Lessons from Droughts around the World

2021 ◽  
Author(s):  
Raphaëlle Ortiz ◽  
Anamaría Núñez ◽  
Corinne Cathala ◽  
Ana R. Rios ◽  
Mauro Nalesso
Keyword(s):  
Best Practices ◽  
Technical Note ◽  
Lessons Learned ◽  
Institutional Frameworks ◽  
The World ◽  
Relevant Case ◽  
Management Policies ◽  
Successes And Challenges

This technical note is an update to the previous "Water in the Time of Drought: Lessons from Five Droughts Around the World", published in 2018. It explores drought situations and policies in Spain (including the Canary Islands), Chile, Mexico, the dry corridor between Honduras, Guatemala, and El Salvador, Brazil, and South Africa. Each of these countries has recently dealt with droughts and/or developed long-term solutions to manage them. HydroBID, a tool developed by the IDB, will be presented through relevant case studies. After defining drought experiences and institutional frameworks in each country, the brief will explore the successes and challenges of national drought and water management policies. Best practices and lessons learned will be extracted from each case study to help policymakers better prepare for droughts.

scholarly journals Multiple-criteria cash-management policies with particular liquidity terms

2019 ◽  
Author(s):  
Francisco Salas-Molina ◽  
David Pla-Santamaria ◽  
Ana Garcia-Bernabeu ◽  
Fernando Mayor-Vitoria
Keyword(s):  
Predictive Accuracy ◽  
Cash Flows ◽  
Expected Returns ◽  
Cash Management ◽  
Deterministic Equivalent ◽  
Multiple Assets ◽  
Management Policies ◽  
The Impact ◽  
Forecasting Errors ◽  
Near Future

Abstract Eliciting policies for cash management systems with multiple assets is by no means straightforward. Both the particular relationship between alternative assets and time delays from control decisions to availability of cash introduce additional difficulties. Here we propose a cash management model to derive short-term finance policies when considering multiple assets with different expected returns and particular liquidity terms for each alternative asset. In order to deal with the inherent uncertainty about the near future introduced by cash flows, we use forecasts as a key input to the model. We express uncertainty as lack of predictive accuracy and we derive a deterministic equivalent problem that depends on forecasting errors and preferences of cash managers. Since the assessment of the quality of forecasts is recommended, we describe a method to evaluate the impact of predictive accuracy in cash management policies. We illustrate this method through several numerical examples.

GENERATIONAL DEMATERIALISATION OF ENERGY IN THE WORLD ECONOMY: EVALUATION APPROACH FOR SUSTAINABLE MANAGEMENT POLICY

2010 ◽  
Vol 12 (03) ◽  
pp. 291-309 ◽  
Author(s):  
JADWIGA ZIOLKOWSKA ◽  
BOZYDAR ZIOLKOWSKI
Keyword(s):  
Environmental Economics ◽  
Sustainable Management ◽  
Sustainable Use ◽  
Management Policy ◽  
New Approach ◽  
Goods And Services ◽  
Evaluation Approach ◽  
World Energy ◽  
The World ◽  
Management Policies

Several methods and ecological indicators are used in environmental economics to analyse the process of sustainable use of natural resources. These approaches are helpful in measuring and assessing the intensity (efficiency) of products' use and their impact on the environment. However, they do not sufficiently reflect the dynamics and improvements in the achieved outcomes as compared to the population (generation) growth. Moreover, they do not allow always analysing product changes on the world level. Referring to this existing gap, we conceptualise a new approach — product generational dematerialisation (PGD) indicator, measuring product efficiency and population changes in relative values, and use it for investigating the dematerialisation for the world energy sector in the last 35 years. The indicator can be used as a new methodical tool to support and evaluate sustainable management policies on the enterprise, regional, national, and international level as well as for different resources, goods, and services.

scholarly journals Cash Management Policies By Evolutionary Models: A Comparison Using The MILLER-ORR Model

2013 ◽  
Vol 10 (3) ◽  
pp. 561-576 ◽  
Author(s):  
Marcelo Botelho da Costa Moraes ◽  
◽  
Marcelo Seido Nagano
Keyword(s):  
Cash Management ◽  
Evolutionary Models ◽  
Management Policies

scholarly journals Integrated Waste Management

2015 ◽  
pp. 125-140 ◽  
Author(s):  
Günay Kocasoy
Keyword(s):  
Developing Countries ◽  
Waste Management ◽  
Solid Waste ◽  
Population Change ◽  
Solid Waste Management ◽  
Developed Countries ◽  
Solid Wastes ◽  
The World ◽  
Integrated Waste Management ◽  
Management Policies

Handling of solid waste has been a serious problem for countries all over the world. Increase in population, change in life standard and life style, industrialization and production of new products contribute to the increase in the amount of solid wastes and consequently the problems generated by them. Developed countries, being aware of the significance of the problems, established regulatory programs, while economically developing countries continued to handle the solid wastes in a very primitive way, such as dumping them into “open dumps.” In these countries recycling activities are mostly carried on by scavengers in a very primitive way. For the protection of the environment and sustainable development, economically developing countries should establish solid waste management policies, plan recycling programs and publish related regulations and by-laws, and strictly control the application of them. This is explored in this chapter.

scholarly journals Impacts of flood disasters in Nigeria: A critical evaluation of health implications and management

2019 ◽  
Vol 11 (1) ◽  
Author(s):  
Olanrewaju C. Chioma ◽  
Munyaradzi Chitakira ◽  
Oludolapo O. Olanrewaju ◽  
Elretha Louw
Keyword(s):  
Disaster Management ◽  
World Health ◽  
Special Focus ◽  
Waterborne Diseases ◽  
The Past ◽  
The People ◽  
Increased Risk ◽  
The World ◽  
Flood Disasters ◽  
Management Policies

Floods lead to tremendous losses of property, infrastructure, business and increased risk of diseases. Floods are also the most frequent natural disasters, affecting over 2.8 billion people in the world and causing over 200 000 deaths over the past three decades. The World Health Organization categorised the 2012 flood disaster in Nigeria as the worst flood to have hit the country in the past 50 years. This study reviews flood disasters in Nigeria and how they have been managed over the past two decades. The extensive review of the literature is complemented by data obtained from Ajegunle, a community in Ajeromi–Ifelodun Local Government Area. Because of its proximity to water bodies, its large population and its small land mass, the Ajegunle community is highly susceptible to floods and outbreaks of waterborne diseases. The study also discusses the institutionalisation and development of disaster management in Nigeria. Further, it critically evaluates the disaster management framework and other current disaster management policies as well as the effectiveness and functions of the disaster management focus areas and government response. The study takes a historic approach to flood disasters, linking disaster management to human health with a special focus on flood-related infectious diseases, isolating waterborne diseases as being predominant. Quantitative and qualitative data were collected to develop an understanding of how the people of Ajegunle are affected by flood disasters. This study reveals poorly managed health reforms and argues that in spite of government’s disaster management policies, there is an absence of organised and coordinated institutional structures to plan and respond to flood emergencies. It also revealed that diarrhoea outbreak was the predominant waterborne disease associated with flood disasters. Although Lagos State has been said to have the best flood preparedness plan in Nigeria, it has failed to reduce the yearly flood disasters and their impact on the health of the people. The article suggests a holistic approach by the government to get stakeholders, especially the health sector, more actively involved in disaster management planning.

Managing Liquidity Risk

2018 ◽  
pp. 132-156
Keyword(s):  
Management Strategy ◽  
Liquidity Risk ◽  
Efficient Frontier ◽  
Retail Banking ◽  
Management Model ◽  
Cash Management ◽  
For Profit ◽  
Maximal Profit ◽  
Management Policies ◽  
Simulation Results

This chapter describes the liquidity risk management in retail banking. The chapter elaborates how to determine an optimal cash management strategy to provide for liquidity of a retail bank which maximises profit by using the Miller-Orr Cash Management Model: 1) Stochastic Optimisation is used to construct the Efficient Frontier of optimal cash management policies with maximal profit determining the Daily Target Cash Balance and Daily Upper Cash Limit in order to maintain liquidity; 2) Monte Carlo simulation is used to stochastically calculate and measure the Profit, Variance, Standard Deviation and VAR of the cash management policies; 3) Six Sigma process capability metrics are also stochastically calculated, against the bank's specified target limits, for Profit and VAR of the Efficient Frontier cash management policies; 4) Simulation results are analysed and the optimal cash management strategy is selected from the Efficient Frontier based on the criteria of minimal VAR.

Evolutionary models in cash management policies with multiple assets

2014 ◽  
Vol 39 ◽  
pp. 1-7 ◽  
Author(s):  
Marcelo Botelho da Costa Moraes ◽  
Marcelo Seido Nagano
Keyword(s):  
Cash Management ◽  
Evolutionary Models ◽  
Multiple Assets ◽  
Management Policies
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