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An in-depth literary study of Tobin's Q ratio, free cash flow and the relationship that exists between Q and free cash flow
Van Eeden, Johannes Gerhardus - 2009
ENGLISH ABSTRACT: Tobin's q value is widely used by financial analysts as a performance indicator ratio. The market value of a firm over the replacement cost of fixed assets and inventory serves as an indication of whether value is created by investing internally in the firm, or whether value is...
Persistent link: https://www.econbiz.de/10009442060
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Estimates of the Sensitivities of the Value of the Firm to Profitability, Growth, and Capital Intensity
Miller, Tom W.; Mathisen, Richard E.; McAllister, John P. - 2004
process (Fisher 1995; Lieber 1996; Walbert 1994). This study focuses explicitly on profitability, growth, and capital … used to provide information about the sensitivities of the value of the firm to changes in the firm's profitability, growth … derivatives show the changes in the value of the firm resulting from a small change in the measures for profitability, growth, or …
Persistent link: https://www.econbiz.de/10009459063
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The determinants of financial ratio disclosures and quality: Australian evidence
Aripin, Norhani - 2010
300 Australian listed firms. Agency theory is utilised as the underlying theoretical framework. The extent of financial …The findings reveal that the EFRD of sample firms is 5.3%. Share Market Measures, Capital Structure and Profitability …
Persistent link: https://www.econbiz.de/10009434870
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The Usefulness of Economic Value-Added (EVA®) and its Components in the Australian Context
Worthington, Andrew C.; West, Tracey A. - 2001
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
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The chicken or the egg? Cash flow or earnings : is one a predictor of the other?
Bezuidenhout, Annelise - 2007
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
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On comparing cash flow and accrual accounting models for use in equity valuation: A response to Lundholm and O'Keefe (CAR, Summer, 2001)
Penman, Stephen H. - 2001
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
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Cash Holdings of Hotel Firms: The Financial Constraints Perspective
Koh, Jung Hwan; Jang, SooCheong - 2011
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
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Cash flows and accrual accounting in predicting future cash flows of Thai listed companies
Chotkunakitti, Porntip - 2005
Cash flow prediction is involved in a number of economic decisions, particularly in investment. Previous research conducted in the United States has provided inconsistency in the results of investigating accounting data, cash flow and accrual accounting data in predicting future cash flows. No...
Persistent link: https://www.econbiz.de/10009475237
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Three essays on stock market seasonality
Choi, Hyung-Suk - 2008
Three Essays on Stock Market SeasonalityHyung-Suk Choi136 pagesDirected by Dr. Cheol S. EunIn chapter 1, we examine seasonality in returns to style portfolios, which serve as important benchmarks for asset allocation, and investigate its implications for investment. In doing so, we consider...
Persistent link: https://www.econbiz.de/10009475790
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Įmonės pagrindinės veiklos pinigų srautų prognozavimas
Kanapickienė, Rasatestas; Šlekienė, Vaida - 2008
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