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300 Australian listed firms. Agency theory is utilised as the underlying theoretical framework. The extent of financial …
Persistent link: https://www.econbiz.de/10009434870
In this study, pooled time-series, cross-sectional data on 110 Australian companies over the period 1992-1998 is employed to examine whether EVA® is more highly associated with stock returns than conventional accounting-based measures: namely, earnings before extraordinary items, net cash flow...
Persistent link: https://www.econbiz.de/10009437468
firm. Firms with a high Tobin's q value should ensure that good investment possibilities are pursued. The use of internal … funds to fund new investment is viewed in a positive light by the market and above average returns are generated. Firms with …
Persistent link: https://www.econbiz.de/10009442060
AFRIKAANSE OPSOMMING: Verskeie navorsingsprojekte is oor die jare gedoen ten opsigte van die voorspellingsmoontlikhede van kontantvloei en winste, met teenstrydige resultate. Daar is egter weinig navorsing gedoen oor die verhouding wat tussen winste en kontantvloei bestaan. Hierdie...
Persistent link: https://www.econbiz.de/10009442203
A claim is commonly made that cash flow and accrual accounting methods for valuing equities must always yield equivalent valuations. A recent paper by Lundholm and O'Keefe (2001), for example, claims that, because of this equivalence, there is nothing to be learned from empirical comparison of...
Persistent link: https://www.econbiz.de/10009447908
Financial literature of cash or liquidity management has recently focused on the role of financial constraints on firms’ liquidity decision. Even though the accessibility to capital market is considered as one of major topics in hotel firms’ financial management considering high usage of...
Persistent link: https://www.econbiz.de/10009468107
Cash flow prediction is involved in a number of economic decisions, particularly in investment. Previous research …
Persistent link: https://www.econbiz.de/10009475237
implications for investment. In doing so, we consider monthly returns on the style portfolios classified by six size … the year. Our investment strategy based on the September effect yields a higher mean return and a lower standard deviation … make their investment decisions. We offer the possible sources for the seasonality in mutual funds flows. …
Persistent link: https://www.econbiz.de/10009475790
Pinigų srautų prognozavimui taikomi skirtingi matematiniai metodai. Literatūroje siūloma pagrindinės veiklos pinigų srautus prognozuoti pagal įmonių istorinius finansinius duomenis regresinės analizės būdu. Darbe analizuojamos galimybės šį metodą pritaikyti prognozuojant Lietuvos...
Persistent link: https://www.econbiz.de/10009478218
task exceeding the financial sphere, as it embraces the issues of organisation of investment processes, the organisation of …
Persistent link: https://www.econbiz.de/10009478847