Global ETD Search
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Showing 1 to 2 of 2 for “"Cash flow news"”.
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Macroeconomic consequences of accounting : the effect of accounting conservatism on macroeconomic indicators and the money supply
… are more sensitive to negative aggregate cash flow news than to positive aggregate cash flow news. Next, I estimate the dollar value impact of firm-level accounting conservatism on measurements of macroeconomic fundamentals. Finally, I show that the federal funds rate set by the U.S. …
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Two Essays on Corporate Finance
… policies depend on the properties of future cash flows. In contrast to prior literature, we investigate the role of asymmetries in the distributionof cash flows. We document the relevance of such asymmetries for firms' payout, liquidity, and capital structure policies. Policies are more …