...; Basu and Markov, 2004; Evans et al., 2017), our results regarding analysts’ cash flow forecast efficiency are unambiguous. Cash flow forecast Forecast accuracy Forecast efficiency G10 G17 G20 M41 Extant literature documents that cash flows are incrementally useful...

.... Mimicking Cash holdings Firm value Diminishing returns Macroeconomic conditions G20 G30 G32 Recent studies report evidence suggesting that peer firms, in addition to firm-specific and macroeconomic factors, significantly influence corporate financing and investment policies. For example...

... investors Institutional investors Precautionary motive Agency motive G10 G20 G32 Research on corporate cash holdings has been one of the central topics in corporate finance literature during the last two decades. Amess et al. (2015) argue that the reason behind this increase...

... Private/public investment firms Organizational forms Mutual funds Performance Endogeneity and reverse causality G10 G20 G23 G32 More precisely, in this paper concerning investment funds, Massa and Zhang (2008) find that the internal organizational structure of asset management...

... Publishing Limited 2020 Emerald Publishing Limited Licensed re-use rights only Financial constraints Africa Investment–cash flow sensitivity Global financial crisis G20 G30 G32 Motivated by the aforementioned mixed results and the dearth of research on Africa, we study the evolution...

... at: asongusimplice@yahoo.com 22 01 2018 04 05 2018 18 06 2018 © Emerald Publishing Limited 2019 Emerald Publishing Limited Licensed re-use rights only ICT Information asymmetry Financial access O55 G20 G29 L96 O40 Our results broadly show that the integration of ICT...

... G20 G23 According to the European Fund and Asset Management Association, at the end of 2014, the total assets managed by mutual funds stood at 28.29 billion euros with a further 21.5 billion in pension funds, reaching record highs in the asset management industry. Furthermore, according...