✦ LIBER ✦
Cashflow-at-Risk and Financial Policy for Electricity Companies in the New World Order
✍ Scribed by Daniel A. LaGattuta; Jeremy C. Stein; Michael L. Tennican; Stephen E. Usher; Jeff Youngen
- Publisher
- Elsevier Science
- Year
- 2000
- Tongue
- English
- Weight
- 117 KB
- Volume
- 13
- Category
- Article
- ISSN
- 1040-6190
No coin nor oath required. For personal study only.
✦ Synopsis
A new statistical tool for measuring energy companies' cashflow-at-risk shows that average cashflow volatility about doubled in the late 1990s. Evidence also suggests that the median company in the industry has not reduced its debt burden. It appears that some companies have meaningfully increased the probability of finding themselves in a cash-strapped position.