Part I: The Concept of Value, Existence of a Firm, and The Objective Value Maximization -- AN OVERVIEW OF CORPORATE VALUATION -- CORPORATE VALUE CREATION -- TIME VALUE OF MONEY -- SECURITY MARKETS -- Part II: Financial Information as a Source of Valuation Inputs -- OVERVIEW OF FINANCIAL...

This paper investigated the influences of Free Cash Flow, Tobin's q, and Price-earnings ratio on the investment decisions by using North American monthly data from January 2000 to March 2017. Correlation Analysis and three Generalized Linear Models (GLM) are employed in this empirical research....

A crucial argument for motivating hedging is that it supports corporate investment when internal cash flows are volatile and external financing is costly (Froot, Scharfstein and Stein, 1993). Despite its vast influence, the predictions of this theory have not yet been directly tested. I...