Research Journal of Applied Sciences

Year: 2016
Volume: 11
Issue: 6
Page No. 267 - 280

An Analysis of the Annual Accounts of Highway Firms in Italy Applying a Comparative Approach Through Income and Financial Margins Assessments

Authors : Giuseppe Bonazzi, Paolo Camanzi and Mattia Iotti

References

Almeida, H., M. Campello and M.S. Weisbach, 2004. The cash flow sensitivity of cash. J. Finance, 59: 1777-1804.
CrossRef  |  Direct Link  |  

Bagella, M., L. Becchetti and A. Caggese, 2001. Financial constraints on investments: A three-pillar approach. Res. Econ., 55: 219-254.
CrossRef  |  Direct Link  |  

Bonazzi, G. and M. Iotti, 2014. Interest coverage ratios and financial sustainability: Application to firms with bovine dairy livestock. Am. J. Agric. Biol. Sci., 9: 482-489.
Direct Link  |  

Bond, D., M. Bugeja and R. Czernkowski, 2012. Did Australian firms choose to switch to reporting operating cash flows using the indirect method?. Aus. Accounting Rev., 22: 18-24.
CrossRef  |  Direct Link  |  

Bradbury, M., 2011. Direct or indirect cash flow statements?. Aust. Accounting Rev., 21: 124-130.
CrossRef  |  Direct Link  |  

Breaver, W., 1966. Financial ratios as predicators of failure, empirical research in accounting: Selected studies. J. Accounting Res., 5: 1-25.

Caballero, B.S., P.J.G. Teruel and P.M. Solano, 2013. The speed of adjustment in working capital requirement. Eur. J. Finance, 19: 978-992.
CrossRef  |  Direct Link  |  

Caballero, S.B., P.J.G. Teruel and P.M. Solano, 2014. Working capital management, corporate performance and financial constraints. J. Bus. Res., 67: 332-338.
CrossRef  |  Direct Link  |  

Caggese, A. and V. Cunat, 2013. Financing constraints, firm dynamics, export decisions and aggregate productivity. Rev. Econ. Dynam., 16: 177-193.
CrossRef  |  Direct Link  |  

Caggese, A., 2007. Testing financing constraints on firm investment using variable capital. J. Financial Econ., 86: 683-723.
CrossRef  |  Direct Link  |  

Carroll, C. and J.M. Griffith, 2001. Free cash flow, leverage and investment opportunities. Q. J. Bus. Econ., 3: 27-51.
Direct Link  |  

Chittenden, F., P. Poutziouris and N. Michaelas, 2000. Financial Management and Working Capital Practices in UK. 1st Edn., Manchester Business School, UK.,.

Clacher, I., A.D. Ricquebourg, and A. Hodgson, 2013. The value relevance of direct cash flows under international financial reporting standards. Abacus, 49: 367-395.
CrossRef  |  Direct Link  |  

Cleary, S., 1999. The relationship between firm investment and financial status. J. Finance, 54: 673-692.
CrossRef  |  Direct Link  |  

Darun, M.R., J. Roudaki and J. Radford, 2015. Forces shaping working capital management practices: A preliminary study. Intl. Bus. Manage., 9: 310-318.
Direct Link  |  

De Miguel, A. and J. Pindado, 2001. Determinants of capital structure: New evidence from Spanish panel data. J. Corporate Finance, 7: 77-99.
CrossRef  |  

Dechow, P.M. and I.D. Dichev, 2002. The quality of accruals and earnings: The role of accrual estimation errors. Account. Rev., 77: 35-59.
CrossRef  |  Direct Link  |  

Dechow, P.M., S.P. Kothari and R.L. Watts, 1998. The relation between earnings and cash flows. J. Account. Econ., 25: 133-168.
CrossRef  |  Direct Link  |  

Farshadfar, S. and R. Monem, 2013. Further evidence on the usefulness of direct method cash flow components for forecasting future cash flows. Int. J. Accounting, 10.1016/j.intacc.2012.12.001

Fazzari, S.M. and B. Petersen, 1993. Working capital and fixed investment: New evidence on financing constraints. RAND J. Econ., 24: 328-342.
Direct Link  |  

Finger, C.A., 1994. The ability of earnings to predict future earnings and cash flow. J. Account. Res., 32: 210-223.
Direct Link  |  

Giacomino, D.E. and D.E. Mielke, 1988. Using the statement of cash flows to analyze corporate. Perf. Strat. Finance, 69: 54-57.
Direct Link  |  

Gombola, M.J. and J.E. Ketz, 1983. A note on cash flow and classification patterns of financial ratios. Accounting Rev., 58: 105-114.
Direct Link  |  

Grablowsky, B.J., 1984. Financial management of inventory. J. Small Bus. Manage., 22: 59-65.

Greenberg, R.R., G.L. Johnson and K. Ramesh, 1986. Earnings versus cash flow as a predictor of future cash flow measures. J. Account. Auditing Finance, 1: 266-277.

Hill, M.D., G.W. Kelly and M.J. Highfield, 2010. Net operating working capital behavior: A first look. Financial Manage., 39: 783-805.
CrossRef  |  Direct Link  |  

Howorth, C. and P. Westhead, 2003. The focus of working capital management in UK small firms. Manage. Account. Res., 14: 94-111.
Direct Link  |  

Iotti M. and G. Bonazzi, 2015. Financial sustainability of agri-food firms improving ICRS with an NFP repayment approach. Res. J. Appl. Sci., 10: 95-103.

Iotti, M. and G. Bonazzi, 2015. Application of ICRs with a Net Financial Position (NFP) repayment approach in the Parma PDO ham sector. J. Food Agric. Environ, 13: 109-114.
Direct Link  |  

Iotti, M. and G. Bonazzi, 2015. Profitability and financial sustainability analysis in italian aquaculture firms by application of economic and financial margins. Am. J. Agric. Biol. Sci., 10: 18-34.
Direct Link  |  

Kroes, J.R. and A.S. Manikas, 2014. Cash flow management and manufacturing firm financial performance: A longitudinal perspective. Int. J. Prod. Econ., 148: 37-50.
CrossRef  |  Direct Link  |  

Lorek, K.S. and G.L. Willinger, 1996. A multivariate time-series prediction model for cash-flow data. J. Account. Rev., 71: 81-102.
Direct Link  |  

Love, I., L.A. Preve and V. Sarria-Allende, 2007. Trade credit and bank credit: Evidence from recent financial crises. J. Financial Econ., 83: 453-469.
CrossRef  |  

Moir, L. and S. Sudarsanam, 2007. Determinants of financial covenants and pricing of debt in private debt contracts: The UK evidence. Accounting Bus. Res., 37: 151-166.
CrossRef  |  Direct Link  |  

Padachi, K., 2006. Trends in working capital management and its impact on firms' performance: An analysis of Mauritian small manufacturing firms. Intl. Rev. Bus. Res. Pap., 2: 45-58.
Direct Link  |  

Rayburn, J., 1986. The association of operating cash flow and accruals with security returns. J. Account. Res., 24: 112-133.
Direct Link  |  

Sgroi, F., M. Candela, A.M.D. Trapani, M. Fodera and R. Squatrito et al., 2015. Economic and financial comparison between organic and conventional farming in Sicilian lemon orchards. Sustainability, 7: 947-961.

Sweeney, R.J., 2014. Equivalent valuations in cash flow and accounting models. Rev. Quant. Finance Accounting, 42: 29-49.
CrossRef  |  Direct Link  |  

Ukaegbu, B., 2014. The significance of working capital management in determining firm profitability: Evidence from developing economies in Africa. Res. Intl. Bus. Finance, 31: 1-16.
CrossRef  |  Direct Link  |  

Weinraub, H.J. and S. Visscher, 1998. Industry practice relating to aggressive conservative working capital policies. J. Financial Strategic Decis., 11: 11-18.
Direct Link  |  

Wilson, G.P., 1987. The incremental information content of accrual and funds components of earnings after controlling for earnings. Account. Rev., 62: 293-322.

Design and power by Medwell Web Development Team. © Medwell Publishing 2024 All Rights Reserved