Téléchargez le livre :  Applied Corporate Risk and Liquidity Management

Applied Corporate Risk and Liquidity Management



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Oxford University Press


Paru le : 2022-11-25



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Description
Cash holdings play a critical role for all corporations. They serve as a source of funding for investment projects that create value for shareholders and as a cushion against costly financial distress. On the other hand, excess cash holdings can induce wasteful spending and attract unwanted attention from labor unions and activist investors. In Applied Corporate Risk and Liquidity Management, Erik Lie brings risk management and liquidity management together to explore how corporations can ensure they have sufficient--but not excess--cash holdings, both now and in the future. He begins by covering the determinants of liquidity, the consequences of suboptimal liquidity, and how to manage liquidity. Lie then demonstrates two ways to control current and future cash holdings: the mitigation of risk factors on operating cash flow and cash holdings and the payouts made to investors. Through this integrated approach, he explores how risk management and payout policy can and should be used to maintain the proper cash level. Using cash simulations throughout, Lie shows how to determine whether firms should hedge, which hedging mechanism to use, and which payout mechanism or debt structure is suitable. With practical tools rooted in liquidity management, this book presents a strong theoretical foundation for risk management and payout policy, discusses practical considerations, and demonstrates applied tools that help managers make good decisions.
Pages
n.c
Collection
n.c
Parution
2022-11-25
Marque
Oxford University Press
EAN papier
9780197664995
EAN PDF
9780197665008

Informations sur l'ebook
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0
Nombre pages imprimables
0
Taille du fichier
25999 Ko
Prix
45,18 €
EAN EPUB
9780197665015

Informations sur l'ebook
Nombre pages copiables
0
Nombre pages imprimables
0
Taille du fichier
16722 Ko
Prix
45,18 €

Erik Lie is the Amelia Tippie Chair in Finance in the Tippie College of Business at the University of Iowa. Previously, he worked as a faculty member at the College of William & Mary from 1996 to 2004. He has published widely in top academic journals and has been recognized by Time Magazine as one the 100 most influential people in the world.

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