A Corporate Finance Cash Flow model with Float

Rodolfo Apreda ()

No 142, CEMA Working Papers: Serie Documentos de Trabajo. from Universidad del CEMA

Abstract: In this paper we introduce a Cash Flow Model with Float so as to overcome apparent shortcomings that pervade the Standard Cash Flow Model. We deploy the complex structure the float exhibits and this allows not only for strategic financial decision making but a much more sensible use of sources and applications of expected future cash flows, as well. Furthermore, it provides with a method for building up floats. It is a distinguishing feature in this model that uncovers agency problems and costs. Besides, it gives grounds for a quantitative approach to free cash flows analysis. Prior to introducing the model, however, we derive both the Statement of Cash Flows and the Standard Cash Flow Model so as to weigh up their qualifications against the model with float.

Keywords: Cash Flow; Float; Corporate Finance; Corporate Governance (search for similar items in EconPapers)
JEL-codes: G30 G32 M40 M20 (search for similar items in EconPapers)
Date: 1999-02
View list of references View citations in EconPapers

Downloads: (external link)
http://www.cema.edu.ar/publicaciones/download/documentos/142.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:cem:doctra:142

Access Statistics for this paper

More papers in CEMA Working Papers: Serie Documentos de Trabajo. from Universidad del CEMA
Contact information at EDIRC.
Series data maintained by Valeria Dowding ().