Cash Management

Prior research suggests that managers often fail to complete announced open market repurchase (OMR) plans due to uncertainty in the firm’s future cash flows. Although high-ability managers should manage cash flows more effectively to complete …

Vor zehn Jahren führte die Pleite der US-Investmentbank Lehman Brothers zur globalen Finanzmarktkrise. Mittlerweile werden Geldhäuser stärker reguliert. Doch fraglich bleibt, ob die Märkte nachhaltig stabil sind und die Institute künftigen Schocks …

For the first time, this paper examines the way in which cash holdings affect firm operating performance in a wide sample of European small and medium-sized enterprises (SMEs). Our results suggest that cash holdings have a positive effect on …

This paper introduces a novel data set to examine the relationship between leverage and asset growth in the Canadian investment broker-dealer sector over the period of 1992–2010. Investment dealers have highly procyclical leverage, in that …

Das moderne Bankensystem der Russischen Föderation ist zweistufig, was den Marktbedingungen der wirtschaftlichen Wertschöpfungsprozesse (Reproduktion) entspricht. Es umfasst die Bank von Russland als Zentralbank Russland, die Kreditinstitute sowie …

In the previous chapters, we noted how the financial industry in general, and institutional investors in particular, have started to imbed environmental, social and governance (ESG) factors and UN Sustainable Development Goals (SDGs) into their …

The paper traces the changing roles of State from time to time, the fiscal functions and the changing importance of public expenditure both in the global and Indian contexts. A historical perspective of growth in public spending and their …

The paper presents an account of the government accounting and auditing principles, structures, the roles of treasury, Accountant General and the government accounting reform initiatives of Government of Karnataka. The structure of accounts under …