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You searched for +publisher:"Texas A&M University" +contributor:("Ahmed, Anwer S."). Showing records 1 – 3 of 3 total matches.

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Texas A&M University

1. Tippens, Timothy. Two Essays on the Value of Cash.

Degree: 2012, Texas A&M University

In the first essay, "The Source of Cash and Its Marginal Value," we study the relation between the source of firms' cash holdings and the value of the cash to shareholders. The marginal value of a dollar of cash holdings depends on the source of the dollar: 1.00 of cash has a value of 1.27 when it is from operations, 0.80 when from financing, and 0.46 when from investing. Within the same source, the marginal value of an added dollar of cash holdings is significantly higher than the absolute value of a subtracted dollar. Shareholders of financially constrained or distressed firms value incremental cash holdings from almost any source more highly than do shareholders of unconstrained or stronger firms, but differences in value remain across the sources of cash within each subsample. Agency costs and information asymmetry are two frictions that appear to have the largest impact upon the value of cash. In the second essay, "Explanations for Diverging Values of Cash," we further explain the differing values of cash found in the first essay. Intertemporal relationships among the sources and uses of cash provide a rational basis for shareholders to assign different values of cash based on the source. Sources of cash provide information about likely uses of cash up to two to three years in the future, and many of the intertemporal relations are statistically and economically significant. Likewise, prior uses of cash relate significantly to later uses of cash. Past sources of cash inform investors about likely future sources, even up to five years into the future. The fact that different kinds of cash flows have predictive power for future cash flows helps explain the wide range of the values of cash associated with different sources. Advisors/Committee Members: Johnson, Shane A. (advisor), Ahmed, Anwer S. (committee member), Galpin, Neal E. (committee member), Lee, D S. (committee member).

Subjects/Keywords: value of cash; cash holdings; finance dissertation; intertemporal relationship of cash flows

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APA · Chicago · MLA · Vancouver · CSE | Export to Zotero / EndNote / Reference Manager

APA (6th Edition):

Tippens, T. (2012). Two Essays on the Value of Cash. (Thesis). Texas A&M University. Retrieved from http://hdl.handle.net/1969.1/ETD-TAMU-2012-08-11473

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

Chicago Manual of Style (16th Edition):

Tippens, Timothy. “Two Essays on the Value of Cash.” 2012. Thesis, Texas A&M University. Accessed July 08, 2020. http://hdl.handle.net/1969.1/ETD-TAMU-2012-08-11473.

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

MLA Handbook (7th Edition):

Tippens, Timothy. “Two Essays on the Value of Cash.” 2012. Web. 08 Jul 2020.

Vancouver:

Tippens T. Two Essays on the Value of Cash. [Internet] [Thesis]. Texas A&M University; 2012. [cited 2020 Jul 08]. Available from: http://hdl.handle.net/1969.1/ETD-TAMU-2012-08-11473.

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

Council of Science Editors:

Tippens T. Two Essays on the Value of Cash. [Thesis]. Texas A&M University; 2012. Available from: http://hdl.handle.net/1969.1/ETD-TAMU-2012-08-11473

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation


Texas A&M University

2. Scott, Bret. How Credit Market Conditions Impact the Effect of Voluntary Disclosure on Firms' Cost of Debt Capital.

Degree: 2012, Texas A&M University

Prior literature finds that firms incur a lower cost of debt capital when they voluntarily disclose information. However, the economic literature demonstrates that creditors' lending standards become more stringent (lax) when credit is rationed (abundant) suggesting that they value voluntary disclosure from borrowers differentially across credit market regimes. I draw upon the economic and finance literature on credit rationing to test whether the effects of voluntary disclosure on firms' cost of debt capital is greater during periods of credit rationing. I provide some evidence that confirms this prediction. Moreover, I provide some evidence that this relation is stronger for smaller firms than larger firms during periods of credit rationing suggesting that creditors value voluntary disclosure more from firms that have fewer resources to cover the increased agency cost of lending during periods of credit rationing. Advisors/Committee Members: Omer, Thomas C. (advisor), Wolfe, Christopher J. (committee member), Ahmed, Anwer S. (committee member), Lee, D. Scott (committee member).

Subjects/Keywords: Voluntary Disclosure; Cost of Debt Capital; Credit Rationing; Financial Crisis

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APA · Chicago · MLA · Vancouver · CSE | Export to Zotero / EndNote / Reference Manager

APA (6th Edition):

Scott, B. (2012). How Credit Market Conditions Impact the Effect of Voluntary Disclosure on Firms' Cost of Debt Capital. (Thesis). Texas A&M University. Retrieved from http://hdl.handle.net/1969.1/ETD-TAMU-2012-08-11862

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

Chicago Manual of Style (16th Edition):

Scott, Bret. “How Credit Market Conditions Impact the Effect of Voluntary Disclosure on Firms' Cost of Debt Capital.” 2012. Thesis, Texas A&M University. Accessed July 08, 2020. http://hdl.handle.net/1969.1/ETD-TAMU-2012-08-11862.

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

MLA Handbook (7th Edition):

Scott, Bret. “How Credit Market Conditions Impact the Effect of Voluntary Disclosure on Firms' Cost of Debt Capital.” 2012. Web. 08 Jul 2020.

Vancouver:

Scott B. How Credit Market Conditions Impact the Effect of Voluntary Disclosure on Firms' Cost of Debt Capital. [Internet] [Thesis]. Texas A&M University; 2012. [cited 2020 Jul 08]. Available from: http://hdl.handle.net/1969.1/ETD-TAMU-2012-08-11862.

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

Council of Science Editors:

Scott B. How Credit Market Conditions Impact the Effect of Voluntary Disclosure on Firms' Cost of Debt Capital. [Thesis]. Texas A&M University; 2012. Available from: http://hdl.handle.net/1969.1/ETD-TAMU-2012-08-11862

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

3. Rasmussen, Stephanie Jean Binger. Sell-in versus Sell-through Revenue Recognition: An Examination of Firm Characteristics and Financial Information Quality.

Degree: 2010, Texas A&M University

This study examines revenue recognition methods used by high technology firms for sales to distributors. Revenue is either recognized when products are delivered to distributors (sell-in) or when distributors resell products to end-users (sell-through). This is the first empirical study to examine the firms that use these revenue recognition methods and the quality of financial information reported under the methods. I use a logistic regression to compare 479 firm-year observations in the computer and electronic equipment industries that use either the sell-in method or the sell-through method. I find that firms with higher growth opportunities and strong corporate governance are less likely to use the sell-in method. In addition, corporate governance strength moderates the association between use of the sell-in method and both capital requirements and management incentive compensation. Using ordinary least squares regression, I also examine two proxies for financial information quality: the ability of accounting information to predict future cash flows and the association between accounting information and stock returns. Results of these regressions suggest that financial information quality is higher under a deferred revenue recognition method (sell-through). Specifically, the ability of accounting information to predict future cash flows and the association between accounting information and returns are both higher for sell-through firms than for sell-in firms. The results of this study suggest that systematic differences exist between sell-in firms and sell-through firms and financial information quality differs between the two revenue recognition methods. Advisors/Committee Members: Ahmed, Anwer S. (advisor), Poston, Dudley L. (committee member), Tse, Senyo Y. (committee member), Weaver, Connie D. (committee member).

Subjects/Keywords: Revenue recognition; accounting choice; corporate governance; high technology firms; sales to distributors

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APA · Chicago · MLA · Vancouver · CSE | Export to Zotero / EndNote / Reference Manager

APA (6th Edition):

Rasmussen, S. J. B. (2010). Sell-in versus Sell-through Revenue Recognition: An Examination of Firm Characteristics and Financial Information Quality. (Thesis). Texas A&M University. Retrieved from http://hdl.handle.net/1969.1/ETD-TAMU-2009-08-829

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

Chicago Manual of Style (16th Edition):

Rasmussen, Stephanie Jean Binger. “Sell-in versus Sell-through Revenue Recognition: An Examination of Firm Characteristics and Financial Information Quality.” 2010. Thesis, Texas A&M University. Accessed July 08, 2020. http://hdl.handle.net/1969.1/ETD-TAMU-2009-08-829.

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

MLA Handbook (7th Edition):

Rasmussen, Stephanie Jean Binger. “Sell-in versus Sell-through Revenue Recognition: An Examination of Firm Characteristics and Financial Information Quality.” 2010. Web. 08 Jul 2020.

Vancouver:

Rasmussen SJB. Sell-in versus Sell-through Revenue Recognition: An Examination of Firm Characteristics and Financial Information Quality. [Internet] [Thesis]. Texas A&M University; 2010. [cited 2020 Jul 08]. Available from: http://hdl.handle.net/1969.1/ETD-TAMU-2009-08-829.

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

Council of Science Editors:

Rasmussen SJB. Sell-in versus Sell-through Revenue Recognition: An Examination of Firm Characteristics and Financial Information Quality. [Thesis]. Texas A&M University; 2010. Available from: http://hdl.handle.net/1969.1/ETD-TAMU-2009-08-829

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

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