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.
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页码:708 / 716
页数:9
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