... to IPO investors. Finally, IPO underpricing is associated with pre-IPO cash flow volatility, suggesting another channel in which IPO pricing is influenced. Research limitations/implications The hand collection for this paper is laborious and is limited to yearly cash flow and earnings numbers...

... extended the most trade credit has been decreasing over time, contributing to part of the decline in trade credit offered. Increases in cash flow volatility have also contributed to decreasing investment in trade credit. The negative relationship with cash flow volatility is greatest amongst firms...

...Darshana D. Palkar Purpose The purpose of this paper is to examine whether cash flow volatility (CFV) has a negative impact on future stock returns, and whether the CFV-return relation is different among financially constrained and unconstrained firms, by using a broad sample of 21 developed...

... are related and correlated such that results are not sensitive to the investor sentiment proxy. Risk analysis Firm valuation Cash flow volatility Investor sentiment Flight to safety Before proceeding, a brief exposition of the prevalent interpretations of investor sentiment is necessary...