Jokipii, Annukka; Vähämaa, Sami - In: Journal of Business Finance & Accounting 33 (2006-09) 7-8, pp. 961-978
This paper examines the performance of an investment strategy based on free cash flows using financial statement data of Finnish companies during the period 1992-2002. The analysis in this paper is motivated by the so-called free cash flow anomaly previously documented e.g. in <link rid="b15">Hackel, Livnat and...