摘要：Risk management has been taking an important role in the environment of non-financial businesses. However development of a model capable of evaluating risks affecting those companies is still wanting. Considering the gap, the article sets as its objective to develop an empirical cash flow at risk model applied to companies operating in electricity distribution. The model is supposed to supply information on the probability of funds to meet its accounts payable at a given date or the probability of having a negative free cash flow on its payment dates.
关键词：Cashflow-at-risk;non-financial institutions;electricity sector distributors;Fluxo de caixa em risco;instituições não financeiras;distribuidoras de energia elétrica
Loading...
