Free Cash Flow and Firm Value

被引:0
|
作者
Chang, Chun-Ping [1 ]
Tsai, Yung-Shun [1 ]
Kaur, Sheena [2 ]
Tzang, Shyh-Weir [3 ]
机构
[1] Asia Univ, Dept Finance, Taichung, Taiwan
[2] Univ Malaya, Dept English Language, Kuala Lumpur, Malaysia
[3] Asia Univ, Dept Finance, 500 Liu Feng Rd, Taichung, Taiwan
关键词
Free Cash Flows; Dividend policy; Financial Flexibility; INVESTMENT; DIVIDENDS;
D O I
10.1007/978-3-030-22263-5_67
中图分类号
TP31 [计算机软件];
学科分类号
081202 ; 0835 ;
摘要
The valuation method is based on the simple accounting identity and produce Free Cash Flows after deducting the capital expenditure. To place numbers into this idea, we could look at these potential cash flows from the operations and find what they are worth based on their present value and Financial Flexibility. Our model provides theoretical foundations for empirical literature.
引用
收藏
页码:708 / 716
页数:9
相关论文
共 50 条
  • [1] FIRM COMMITMENTS - FAIR VALUE OR CASH FLOW HEDGE?
    Iancu, George
    PROCEEDINGS OF THE 4TH INTERNATIONAL CONFERENCE ON BUSINESS EXCELLENCE, VOL 1, 2009, : 222 - 226
  • [2] Estimating Damages Using DCF: From Free Cash Flow to the Firm to Free Cash Flow to Equity (and Back)
    Alberro, Jose
    ICSID REVIEW-FOREIGN INVESTMENT LAW JOURNAL, 2015, 30 (03) : 689 - 698
  • [3] THE RELATIONSHIP BETWEEN PROFITS, CASH FLOW TO EQUITY AND FIRM VALUE
    Dinca, Marius
    BUSINESS EXCELLENCE, 2006, : 141 - 145
  • [4] Continuing value in firm valuation by the discounted cash flow model
    Jennergren, L. Peter
    EUROPEAN JOURNAL OF OPERATIONAL RESEARCH, 2008, 185 (03) : 1548 - 1563
  • [5] Do Analysts' Cash Flow Forecasts Improve Firm Value?
    Oh, Hyun Min
    Park, Sam Bock
    Kim, Jong Hyun
    INTERNATIONAL JOURNAL OF FINANCIAL STUDIES, 2020, 8 (04): : 1 - 25
  • [6] Managerial Overconfidence, Cash flow, Tax Aggressiveness and Firm Value
    Listiani, Nur
    Nugrahanti, Yeterina Widi
    Damayanti, Theresia Woro
    Supramono, Supramono
    MONTENEGRIN JOURNAL OF ECONOMICS, 2024, 20 (01) : 47 - 57
  • [7] Cash flow statements and firm value: Evidence from Taiwan
    Ni, Yensen
    Huang, Paoyu
    Chiang, Pinhui
    Liao, Yulu
    QUARTERLY REVIEW OF ECONOMICS AND FINANCE, 2019, 71 : 280 - 290
  • [8] The free cash flow hypothesis for sales growth and firm performance
    Brush, TH
    Bromiley, P
    Hendrickx, M
    STRATEGIC MANAGEMENT JOURNAL, 2000, 21 (04) : 455 - 472
  • [9] Free Cash Flow, Enterprise Value, and Investor Caution
    Platt, Harlan
    Demirkan, Sebahattin
    Platt, Marjorie
    JOURNAL OF PRIVATE EQUITY, 2010, 13 (04): : 42 - 50
  • [10] Impacts of Free Cash Flow on Firm Performance during Market Contractions
    Cohee, Garrett Lane
    Piccolo, Ronald F.
    Kiymaz, Halil
    INTERNATIONAL JOURNAL OF BUSINESS, 2020, 25 (03): : 230 - 248