Application of Personal Information Cash Flow (APIC) - Based Financial Practice Innovation as a Pillar of Financial Education

PurposeThe purpose of this study is to examine the impact of financial and technical education of chief executive officer (CEO) on investment–cash flow sensitivity (ICFS) of Indian manufacturing firms.Design/methodology/approachThe study uses the dynamic panel data model and more specifically, the system-generalized method of moments (GMM) technique to investigate the effect of CEOs' education on ICFS of Indian manufacturing firms during the period 1998–1999 to 2016–2017.FindingsThe study shows that financial (technical) education of CEOs does (not) affect ICFS. The results explain that the role of the CEO's education in ICFS is highly significant during the crisis period. The robustness test depicts that the influence of financial education on ICFS is less (more) for group-affiliated and large-sized firms (stand-alone and small-sized firms). Further, the CEO's education is significantly associated with corporate investment decisions.Research limitations/implicationsDue to the unavailability of the CEO's compensation data for the selected sample, future research could explore the impact of CEO's education with respect to CEO's compensation on ICFS.Practical implicationsFirst, the authors find that financially educated CEOs affect ICFS; therefore, firms should take care of CEO's education during recruitment of CEOs. Second, lending agencies should also consider the educational background of the CEO before approval of funding to make it safe. Third, investors should keep in mind the educational background of the CEO for the growth of their investment as it may be easier for financially educated CEOs to borrow from the market at the time of requirement.Originality/valueThis study contributes to the existing literature by providing empirical evidence through analyzing the impact of a CEO's education on ICFS in the context of India. This study is very unique in itself as it uses the sample of manufacturing sectors of India, which are growing very fast and attracting global investors to create a global hub of manufacturing in India. This study also considers different types of education such as financial and technical education of CEOs in the context of a developing economy like India. This study made its findings robust across company characteristics and periods based on the financial crisis.

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How workplace financial education can benefit your employees

Strategic HR Review ◽

10.1108/shr-02-2016-0014 ◽

2016 ◽

Vol 15 (6) ◽

pp. 242-246

Author(s):

Darren Laverty

Keyword(s):

Cash Flow ◽

Design Methodology ◽

Financial Education ◽

Education Programme ◽

Retirement Age ◽

Content Type ◽

Financial Decisions ◽

Course Of Action ◽

Cash Flow Forecasting

Purpose Financial education is about empowering employees to make their own financial decisions. It is about making people aware of the choices available and the course of action they may want to take – so they can be in the best financial shape for the future. Design/methodology/approach When a financial education programme is run, group tutorials are a key component. One particular tutorial focuses on cashflow modelling, with cash flow forecasting at the heart of such a programme. If people can visually see they cannot retire as early as they had hoped, then their focus may shift to increasing their savings. They review how they can cut-back now to set realistic objectives about their future. Findings Financial education could help to support employees in understanding how to do more for themselves financially, and to encourage them to assess their options and better plan their future. Originality/value This paper talks about how the shift in the retirement age will bring some challenges for companies and looks at how companies can address these changes. It also includes a mini case study.

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Integrating perspectives: How the development of second-personal competence lays the foundation for a second-personal morality

Behavioral and Brain Sciences ◽

10.1017/s0140525x1900236x ◽

2020 ◽

Vol 43 ◽

Author(s):

John Corbit ◽

Chris Moore

Keyword(s):

Empirical Evidence ◽

Developmental Process ◽

Focal Point ◽

Personal Information ◽

Personal Competence ◽

Triadic Interactions ◽

Personal Morality ◽

Integrative Process

Abstract The integration of first-, second-, and third-personal information within joint intentional collaboration provides the foundation for broad-based second-personal morality. We offer two additions to this framework: a description of the developmental process through which second-personal competence emerges from early triadic interactions, and empirical evidence that collaboration with a concrete goal may provide an essential focal point for this integrative process.

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Privacy: Users of Pharmaceutical Websites

The Journal of Law Medicine & Ethics ◽

10.1017/s1073110500008810 ◽

2002 ◽

Vol 30 (3) ◽

pp. 466-474

Keyword(s):

Personal Information ◽

District Court ◽

Traffic Data ◽

Web Traffic ◽

Electronic Communications ◽

Private Action

In In re Pharmatrak, Inc. Privacy Litigation, website users brought suit claiming that major pharmaceutical corporations and a web monitoring company violated three federal statutes protecting electronic communications and data by collecting web traffic data and personal information about website users. On August 13,2002, the District Court of Massachusetts dismissed these allegations, holding that the defendants were parties to the communications and thus exempted under the statutory language.The court also found that plaintiffs had not suffered an amount of damages required to sustain private action.

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Data Watch: Most Youths Post Personal Information Online

Pediatric News ◽

10.1016/s0031-398x(07)70299-0 ◽

2007 ◽

Vol 41 (5) ◽

pp. 9

Keyword(s):

Personal Information

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Acceptance of Advertising and Collection of Personal Information

PsycEXTRA Dataset ◽

10.1037/e572172013-258 ◽

2012 ◽

Author(s):

Joshua B. Hurwitz

Keyword(s):

Personal Information

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COMPUTER MODELING OF FINANCIAL CALCULATIONS

Informatics and Education ◽

10.32517/0234-0453-2019-34-4-33-37 ◽

2019 ◽

pp. 33-37

Author(s):

O. S. Korneva

Keyword(s):

Computer Modeling ◽

Professional Education ◽

Information Technologies ◽

Financial Education ◽

Economic Education ◽

Economic Activities ◽

School Teachers ◽

University Teachers ◽

Educational Literature ◽

Higher Professional Education

Within the implementation of the national strategy for improving financial competency and financial education in Russia, aimed at the broad masses of the population, any experience in promoting financial competency among young people, accumulated in the system of training bachelors of Economics, will be useful. The purpose of the article is to present the methodological and practical aspects of teaching the basics of financial calculations of future economists and the formation of computer modeling skills in the field of financial and economic activity. The reason for writing the article was the problem of interdisciplinary integration in the system of financial and economic education. The analysis of educational literature and curricula of the system of secondary and higher professional education, as well as the study and generalization of pedagogical experience showed weak integration of mathematical and economic disciplines with information technologies. The article also presents the problems associated with the calculations in the financial and economic activities with the use of computer modeling. The elements of the presented methods of teaching the basics of financial computing in conjunction with the modeling of financial problems on the computer can be useful for both school teachers and university teachers of mathematics and computer science.

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

Liquidity ◽

10.32546/lq.v6i1.35 ◽

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.

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