The Cash-Flow Risk of Corporate Market Investments

Craig O. Brown

Chapter 2 in Advances in Financial Risk Management, 2013, pp 30-56 from Palgrave Macmillan

Abstract: Abstract Over a long span of time, US aggregate risk has decreased while the risk for US nonfinancial corporations (or firms) has increased substantially.1 This general finding has been observed using sales (Comin and Mulani, 2006), stock returns (Campbell et al., 2001) and cash flows (Irvine and Pontiff, 2009) in addition to earnings,2 employment and capital investment (Comin and Philippon, 2005).

Keywords: Corporate Governance; Capital Expenditure; Cash Holding; Dividend Payout; Market Investment (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-02509-8_2

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DOI: 10.1057/9781137025098_2

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