Results 301 to 310 of about 816,712 (349)
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A free cash flow version of the cash flow statement: a note
Managerial Finance, 2006Purpose – This paper reports an attempt to design a free cash flow version of the cash flow statement. In specific, the paper relates the comprehensive income concept to the definition of free cash flows and shows how free cash flows and residual income can be calculated from the cash flow statement.
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One‐Time Cash Flow Announcements and Free Cash‐Flow Theory: Share Repurchases and Special Dividends
The Journal of Finance, 1992ABSTRACTThe leading explanation for the positive price response surrounding tender offer share repurchase and specially designated dividend (SDD) announcements is the information signaling hypothesis. This paper reexamines these announcements to determine if Jensen's free cash‐flow theory also has explanatory power.
Howe, Keith M, He, Jia, Kao, G Wenchi
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Free Cash Flow, Issuance Costs, and Stock Prices
The Journal of Finance, 2011ABSTRACTWe develop a dynamic model of a firm facing agency costs of free cash flow and external financing costs, and derive an explicit solution for the firm's optimal balance sheet dynamics. Financial frictions affect issuance and dividend policies, the value of cash holdings, and the dynamics of stock prices.
Décamps, Jean-Paul +3 more
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Asian Journal of Technology Innovation, 2019
Technological innovation, which can be classified into major and minor innovation, enables firms to gain competitive and sustainable advantage in the changing environment.
Kuang Xin +3 more
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Technological innovation, which can be classified into major and minor innovation, enables firms to gain competitive and sustainable advantage in the changing environment.
Kuang Xin +3 more
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SSRN Electronic Journal, 2008
The limitation of the problem of free cash flow depends on the efficiency of governance mechanisms. In our study, we chose four main governance mechanisms, namely debt, the distribution of dividends, boards of directors and ownership structure. On the basis of a sample of 94 French firms in 2004, the results show that sustained distribution of ...
Mehdi Nekhili +2 more
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The limitation of the problem of free cash flow depends on the efficiency of governance mechanisms. In our study, we chose four main governance mechanisms, namely debt, the distribution of dividends, boards of directors and ownership structure. On the basis of a sample of 94 French firms in 2004, the results show that sustained distribution of ...
Mehdi Nekhili +2 more
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Payout policy, financial flexibility, and agency costs of free cash flow
Journal of Business Finance & Accounting, 2019This paper builds on the agency costs of free cash to explain how firms determine their payout policies. Payout methods considered are dividends and open-market stock repurchase programs. Dividends eliminate the agency costs of free cash by reducing cash
Jacob Oded
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2018
Zu den Cashflow‐Modellen zahlen neben dem Dividendendiskontierungsmodell auch die Free‐Cash‐Flow‐Modelle, bei denen anstatt Dividenden frei verfugbare Cashflows mit der erwarteten Rendite diskontiert werden. Die frei verfugbaren Cashflows verkorpern die vom Unternehmen erwirtschafteten betrieblichen Cashflows nach Abzug der erforderlichen Investitionen
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Zu den Cashflow‐Modellen zahlen neben dem Dividendendiskontierungsmodell auch die Free‐Cash‐Flow‐Modelle, bei denen anstatt Dividenden frei verfugbare Cashflows mit der erwarteten Rendite diskontiert werden. Die frei verfugbaren Cashflows verkorpern die vom Unternehmen erwirtschafteten betrieblichen Cashflows nach Abzug der erforderlichen Investitionen
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Family ownership and free cash flow
International Journal of Managerial Finance, 2017Purpose The purpose of this paper is to investigate the effect of family ownership on investment-cash flow sensitivity and on firm performance. Design/methodology/approach The author uses panel data to examine the relationship between investment and cash flow and between family ownership and the firm performance of Thai listed firms from 2001 to ...
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2019
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.
Chun-Ping Chang +3 more
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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.
Chun-Ping Chang +3 more
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Cash Retention Strategies: Test of Free Cash Flow Theory
2003This chapter examines financing decisions by firms listed on the Mumbai Stock Exchange. A study by Singh and Hamid of stock market data for the top 100 manufacturing firms in several industrialising countries showed how these firms use internal and external resources to finance investment (Singh and Hamid, 1992).
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