Using cash flow metrics to differentiate rated bonds.
Excerpt: “This research will investigate the existence of differences in liquidity within each bond rating group and between groups based on various cash flow measures” (p.23)
Om Sai Ram Centre for Financial Management Research and Training
Jay, N.R. & Shank, T. M. (1997). Using cash flow metrics to differentiate rated bonds. Journal of Financial Management & Analysis, 10(2), 23-32.
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