Applied corporate risk and liquidity management /
"The costs of insufficient cash, referred to as "ripple effects," are discussed in detail. They arise because the firm is unable to invest in value-enhancing projects, must raise expensive external capital, or is forced to sell assets. Firms with the greatest potential to experience r...
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| Format: | eBook |
| Language: | English |
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New York, NY :
Oxford University Press,
2022.
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| Subjects: | |
| Online Access: | Connect to the full text of this electronic book |
| Summary: | "The costs of insufficient cash, referred to as "ripple effects," are discussed in detail. They arise because the firm is unable to invest in value-enhancing projects, must raise expensive external capital, or is forced to sell assets. Firms with the greatest potential to experience ripple effects include those with good investment opportunities, long-lasting products, unique assets, opaque operations, and high correlation with peers. Those firms should project future cash distributions, because it is cheaper and easier to remedy a predicted cash shortage before it occurs"-- |
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| Physical Description: | 1 online resource |
| Bibliography: | Includes bibliographical references and index. |
| ISBN: | 9780197665015 0197665012 9780197665022 0197665020 9780197665008 0197665004 |