Blar i Norges Banks vitenarkiv på emneord "non-listed firms"
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Mean Reversion in Profitability for Non-Listed Firms
(Working Papers;29/2009, Working paper, 2009)The presence of mean reversion in profitability at the firm level is important for valuation and prediction of growth and earnings. We investigate the mean reversion in accounting profitability for Norwegian non-listed ... -
Real and Financial Tradeoffs in Non-Listed Firms: Cash Flow Sensitivities and How They Change with Shocks to Firms' Main-Bank
(Working Papers;27/2010, Working paper, 2010)We study how non-listed firms trade off financial, real, and distributive uses of cash. We show that firms' marginal value of cash (MVC) affects the mix of external and internal finance used to absorb fluctuations in cash ... -
The Relationship Between Bankruptcy Risk and Growth for Non-Listed Firms
(Working Papers;31/2010, Working paper, 2010)We investigate the relationship between bankruptcy risk and expected future sales growth for Norwegian non-listed firms for the period 1988-2007. We find that firms with high bankruptcy risk also have high expected future ...