Publications

June 2002
Background Note

Note on the Equivalency of Methods for Discounting Cash Flows

By: William E. Fruhan Jr.

Uses a numerical example to demonstrate that when you discount the cash flows to capital from a project at the weighted average cost of capital, you get same net present value result as you obtain when discounting the cash flows to equity at the cost of equity. Also... View Details

Keywords: Capital Structure; Cash Flow; Cost of Capital; Equity; Valuation

September 2006
Article

Discussion of 'Overinvestment of Free Cash Flow'

Keywords: Investment; Cash Flow

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June 1993 (Revised April 1996)
Teaching Note

Statements of Cash Flows: Three Examples TN

By: William J. Bruns Jr. and Julie H. Hertenstein

Teaching Note for (9-193-103). View Details

Keywords: Cash Flow; Financial Statements

May 1993
Teaching Note

Vocational Educational Club—The Missing Cash Dilemma TN

By: Regina E. Herzlinger

Keywords: Cash; Problems and Challenges

09 Feb 2015
Working Paper Summaries

Cashing Out: The Rise of M&A in Bankruptcy

Keywords: by Stuart Gilson, Edith Hotchkiss & Matthew Osborn

May 1995
Teaching Note

E. F. Hutton: Cash Management Crisis Series TN

By: Lynn S. Paine and Charles A Nichols, III

26 Jul 2021
News

Communities Lure Remote Workers with Cash and Perks

2020
Working Paper

Currency Hedging in Emerging Markets: Managing Cash Flow Exposure

By: Laura Alfaro, Mauricio Calani and Liliana Varela

Foreign currency derivative markets are among the largest in the world, yet their role in emerging markets in particular, is relatively understudied. We study firms' currency risk exposure and their hedging choices by employing a unique dataset covering the universe of... View Details

Keywords: Foreign Currency Hedging; FX Derivatives; Foreign Currency Debt; Currency Mismatch; Trade Credit; Currency; Cash Flow; Emerging Markets

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01 Dec 2016
News

Is Cash the Best Form of Charity?

and deliver those dollars directly to people in need, no strings attached. The initial response to the idea was lukewarm. GiveDirectly and a handful of other groups experimenting with cash payments were a direct challenge to both the... View Details

Keywords: April White

March 1995
Case

E. F. Hutton: Cash Management Crisis (A)

By: Lynn S. Paine and Jane Palley Katz

Keywords: Financial Institutions; Cash; Crisis Management; Financial Services Industry

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May 2022
Case

Rawbank's Illico Cash: Can 'Fast Money' Overcome Cash Dependency in the DRC?

By: Lauren Cohen and Grace Headinger

Thomas de Dreux-Brézé, the Head of Strategy and Project Management at Rawbank Congo in the Democratic Republic of the Congo (DRC), was perplexed as he reviewed annual adoption rates for the bank’s launch of Illico Cash 2.0. As the bank’s mobile money app, Illico Cash... View Details

22 Nov 2011
News

As Layoffs Rise, Stock Buybacks Consume Cash

Cashing out: The Rise of M&A in Bankruptcy

The use of M&A in bankruptcy has increased dramatically in recent years, leading to concerns that the Chapter 11 process has shifted toward excessive liquidation of viable firms. In this paper, we argue that the rise of M&A has blurred traditional... View Details

24 May 2016
News

Want to Save the World? Try Giving Cash

21 Jun 2020
News

Celtic Part-Owner James Cash Sees Light in the Long Social Justice Tunnel

May 1995 (Revised July 1995)
Teaching Note

Cash Management at Cameron Company Series TN

By: Lynn S. Paine and Charles A Nichols, III

01 Aug 2019
News

Why LA restaurants aren't accepting cash payments

December 2002
Background Note

Simulation of Prices, Rates and Cash Flows (A)

Explicitly considers the most common propagation models for financial variables and explains how to determine the statistical properties of these variables and simulate their future values. Covers arithmetic Brownian motion, geometric Brownian motion, mean-reversion,... View Details

Keywords: Price; Cash Flow