...Gaurav Gupta; Jitendra Mahakud Purpose The purpose of this study is to examine the impact of financial distress (FD) on investment-cash flow sensitivity (ICFS) of Indian firms. Design/methodology/approach The study uses the system generalized method of moments (GMM) technique to investigate...

...Gaurav Gupta; Jitendra Mahakud; Vivek Verma Purpose The 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/approach The study uses...

... face financial constraints since their investments depend on internally generated funds. Results are robust to different investment models based on the Euler equation, also controlling for growth opportunities. Significant investment-cash flow sensitivity has been found for the whole sample of firms...

...Donatien Hainaut Purpose The purpose of this paper is to propose a method to plan entry and exit times of a project delivering cash flows influenced by business cycles. In this setting, the profit yield by the project are driven by a geometric Brownian motion whose mean and variance switch between...

... to mode of acquisition and method of payment would be of interest to investors and corporate managers as well. Our fundamental measure of operating performance is cash flow returns, which is operating cash flow deflated by the market value of total assets (OCFR). We define operating cash flows...