CASH-FLOW SENSITIVITY TO PAYMENTS FOR MATERIAL RESSOURCES

The financing decision is taken based on the expectations concerning the future cash-flows generated in the operating activity, which should provide coverage for the debt service and allow for an increase of the shareholders’ wealth. Still, the future cash-flows are affected by risk, which makes the...

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Bibliographic Details
Main Author: Lavinia Elena BRÎNDESCU OLARIU
Format: Article
Language:fra
Published: Romanian Foundation for Business Intelligence 2014-12-01
Series:Management Intercultural
Subjects:
Online Access: https://seaopenresearch.eu/Journals/articles/MI_32_3.pdf