create a reference list for the following literature

$1\mathrm{.}1$ Literature review

Brigham et al$.(2017)$ categorised cash flow into three categories: operating cash flow, investing cash flow, and financing cash flow. According to financial management theories efficient cash flow management ensures remains solvent and profitable.

Ross et al$.(2018)$ stated that companies with robust cash flow strategies experience sustained growth and improved shareholder value.

A study by Kieso et al$.(2020)$ emphasizes that cash flow management is essential for a company to predict future financial stability. It further states that businesses with higher liquidity are more adoptable to economic downturns.

A similar study by Gitman et al$.(2015)$ determined that cash flow analysis is crucial for determining financial performance, it ensure that companies main a balance between receivables and payables.

Gentry et al$.(2017)$ explained that businesses with strong cash flow position can take advantage of investment opportunities and reduce dependence of external funding. Meanwhile Penman $(2016)$ discussed the importance of cash flow forecasting and highlights its role in financial planning and risk management.

Dechow and Dichev $(2012)$ underscore the importance of accrual$-$based earning in relation to cash flow, demonstrating that firms with higher accrual earnings have more predictable and stable cash flow earnings.

According to Allen et al$.(2019)$ cash flow projections are essential in capital budgeting allowing firms to assess future financial health.

Research done by Higgins $(2018).$ Also support the claim that effective cash flow management minimize financial distress and enables firms to capitalize on market opportunities.

Furthermore, corporate financial literature highlight the role of free cash flow in business evaluation and investment decisions. $($Damodaran$,2016).$ Firms with positive cash flows have the ability to finance expansion, reward investors and reduce external debt. Thus strengthening financial stability.

A report by the World Bank $(2021)$ indicates that firms in emerging markets, including Namibia often struggle with cash flow volatility due to regulatory challenges and the fluctuation of the economy. Effective liquidity management and access to financial instruments are critical for stabilizing effective cash flow and fostering business growth.

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