Managerial Finance: Volume 30 Issue 5

Integrating the operational and financial components of the short‐term company plan

Nicola Dellepiane

The operational component of a company’s short‐term plan (amounts of products to be delivered and sold to various markets at prices that vary according to markets, sales channels…

The benefits of holding cash: a real options approach

Didier Cossin, Tomas Hricko

Companies need to decide on the optimal amounts of cash to hold. Although this problem has long been acknowledged as a major issue for corporations, new advances in the finance…

Measuring liquidity risk in a banking management framework

Giampaolo Gabbi

Stresses that recent changes in financial markets have involved the payment system and the banking processes directly devoted to short term forecasting. Proposes that financial…

Short term banking management in France: a portfolio perspective

Guy Tournois

Today we are in an “information society”. Live information is strategic both for the customer and the portfolio manager. This means that the best way to fight against risk is to…

Liquidity, solvency and cash flow simulation models in non‐life insurance companies: the Italian experience

Fabiano Colombini, Simone Ceccarelli

This paper discusses dynamic financial approaches to solvency analysis in non‐life insurance companies by explaining cash flow simulation models which are based on the planning of…