Cashflow-at-risk and financial policy for electricity companies in the new world order

被引：2

作者：

LaGattuta, Daniel A. ^{[1
]}

Stein, Jeremy C. ^{[1
]}

Tennican, Michael L. ^{[1
]}

Usher, Stephen E. ^{[1
]}

Youngen, Jeff ^{[1
]}

机构：

[1] NERA's, Cambridge, MA, United States

来源：

Electricity Journal | 2000年 / 13卷 / 10期

关键词：

D O I：

10.1016/S1040-6190(00)00163-9

中图分类号：

学科分类号：

摘要：

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.

引用

页码：15 / 20