... modeling E01 E22 E44 G12 G31 Initiated by Arrow (1968) , a prominent theoretical literature on costly reversibility has long been established in the real options framework (Bernanke, 1983 ; Dixit and Pindyck, 1994 ; McDonald and Siegel, 1986) and the neoclassical q-theory...

... to produce the results presented in this work are available upon request. All errors are our own. © 2024 Heitor Almeida et al. 2024 Heitor Almeida et al. Licensed re-use rights only Cash flow sensitivity of cash Financial constraints Cash policy Liquidity G31 G32 D23 D92...

... Licensed re-use rights only Corporate propensity to dissave Negative cash flow Disinvestment inertia Cash flow identity q measurement error D25 G31 G32 The relation between saving and cash flow remains a topic of debate in the literature. Almeida et al. (2004...

... no. DNRF102, is gratefully acknowledged. © 2022 S. Klingler 2022 S. Klingler Licensed re-use rights only Funding risk Hedge funds Interbank risk Libor Liquidity G01 G23 G31 The main finding of this paper is that hedge funds with a high exposure to marketwide funding shocks...

... Financial development q measurement error G15 G31 Prior literature offers contrasting conclusions regarding firms’ propensity to save/disburse funds out of cash flow. Almeida et al. (2004) show that because of their restricted access to external finance, financially...

... rights only Valuation Survey Sociological hypothesis Multiples DCF G31 G32 G24 G02 A11 A14 A20 “There seem to be lots of academics asking how analysts in the real world use CAPM or calculate the cost of capital. The answer is, people don’t waste time on this. No one ever...

... anonymous referees for their comments and suggestions. This paper is a revised version of Myers and Read (2012). © 2020 Stewart C. Myers and James A. Read, Jr. 2020 Stewart C. Myers and James A. Read, Jr. Licensed re-use rights only Real options Financing policy G31 G32...

.... Harvey Licensed re-use rights only Replication Research Culture Hard misconduct Soft misconduct Proprietary data Robustness P-hacking Reverse p-hacking Falsification Fabrication Plagiarism G00 G01 G10 G11 G12 G13 G14 G15 G17 G18 G19 G21 G22 G23 G24 G28 G29 G31...