The Management of Near-Money in the Miller-Orr Model Is Not Optimal

Greene, Clinton A.

doi:10.2307/1992726

Cited by 3 publications

(2 citation statements)

References 12 publications

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“…Finally, in period 3, it is recommended to invest 88% in GRUPOSURA shares, 10% in ECOPETROL and 2% in PFBCOLOM, which present a risk of 1.00%, 36.00% and 40.00%, respectively. These results are consistent with Premachandra [21], Lasso et al [26], Greene [27] who agree that excess liquidity processes generate an opportunity for reinvestment in projects and is a source of economic resources that can be used to improve financial performance for the cyclical stages of the livestock sector [28,29].…”

Section: Analysis and Discussion Of The Resultssupporting

confidence: 88%

Investment Decisions According to the Miller and Markowitz Models. A Look at Smart Cash Management

González-Díaz

Becerra-Pérez

Guanilo

et al. 2021

Smart Innovation, Systems and Technologies

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Investment decisions in corporate finance are decisive for improving the cyclical fluctuation of any form of business, minimising opportunity costs and maximising returns on idle funds. Empirical evidence has shown that the agricultural sector has only two financial periods in the year: surplus and deficit. If good decisions are not made in some of these periods, serious financial problems could arise. Therefore, this study presents an analysis of the cash management of microenterprises in the livestock sector in the Colombian Caribbean region, based on the cash flow management models proposed by Miller and Orr, who consider the volatility of cash balances and the trends of projects at the upper and lower limits of optimal cash balances. This indicates to financial management when to purchase a type of financial instrument. In stable economic conditions, the cases of acquiring financial assets, the optimal investment portfolio is determined in relation to the profitability and risk of the 3 stocks with the largest share in the COLCAP index: ECOPETROL, PFBCOLOM and GRUPOSURA, based on the Markowitz model.

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Section: Analysis and Discussion Of The Resultssupporting

confidence: 88%

Investment Decisions According to the Miller and Markowitz Models. A Look at Smart Cash Management

González-Díaz

Becerra-Pérez

Guanilo

et al. 2021

Smart Innovation, Systems and Technologies

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“…In the event that materials are heedlessly bought, it will bring about dormant moderate moving and outright stock. In any case, deficient value of stock will result to stock outs and interference in operations (Greene, 1992). Money should likewise be kept up at a perfect level.…”

Section: Cash Management Theorymentioning

confidence: 99%

Financial Control Practices and Financial Sustainability of Non Governmental Organization in Garissa County, Kenya

Dagane

Kihara

2021

IJF

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Purpose: The current study sought to establish how financial control practices influences financial sustainability of Non-Governmental Organization in Garissa County, Kenya. The study specifically sought to establish how financial reporting, financial monitoring, financial audits and financial risk assessment influences financial sustainability of NGOs. Methodology: The study was anchored on the following theories: Agency Theory, Liquidity Trade-Off Theory, Cash Management Theory And The Rent Theory of Profitability. The study employed a descriptive survey research design and targeted 50 Non-Governmental Organizations operating in Garissa County. The unit of observation comprised of one finance manager and one operational manager from each of the NGO. Both primary and secondary data were used in the study. Structured questionnaires were used in collecting the data. The study employed both inferential and descriptive statistics to analyze the collected data. Both SPSS software and MS Excel was used in generating the statistics. The study conducted a pilot study in 10 NGOs from Wajir County to assess the reliability and validity of the data collection instrument. The results of the study were presented in form of figures and tables. Results: The results of the study revealed that financial reporting, financial monitoring, financial audits and financial risk assessment impacts financial sustainability of NGOs to a positive and significant level as shown by Beta value of 0.317, 0.213, 0.447 and 0.376 respectively. This implies that increase in one unit of each of the variables results to an increase in the financial sustainability levels of NGOs with the respective beta values. Unique contribution to theory, policy and practice The study recommended that there is a need for the NGOs operating in Garissa County to enhance their financial reporting practices, financial monitoring practices, financial audit practices and financial risk assessment practices since the practices bears a positive and a significant effect on financial sustainability of the organization.

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Financial innovation, new assets, and the behavior of money demand

Glennon

Lane

1996

Journal of Banking & Finance

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The Management of Near-Money in the Miller-Orr Model Is Not Optimal

Cited by 3 publications

References 12 publications

Investment Decisions According to the Miller and Markowitz Models. A Look at Smart Cash Management

Investment Decisions According to the Miller and Markowitz Models. A Look at Smart Cash Management

Financial Control Practices and Financial Sustainability of Non Governmental Organization in Garissa County, Kenya

Financial innovation, new assets, and the behavior of money demand

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