Essays about: "free cash flow theory"

Showing result 1 - 5 of 10 essays containing the words free cash flow theory.

  1. 1. Cashflow Investment Relationship: Empirical Evidence of Chinese Financial Market

    University essay from Lunds universitet/Företagsekonomiska institutionen

    Author : Jenifar Soheli; Wenxi Lyu; [2022]
    Keywords : Investment; Cash flow; Leverage; Revenue; Tobin’s Q; Business and Economics;

    Abstract : Purpose: In this study, we examine the data from Chinese companies to test the relationship between cash flow and investment. While a wide assortment of previous research has examined the relationship between cash flow and investment, they have largely focused on empirical analysis from an US or a Western perspective. READ MORE

  2. 2. Financial Leverage and Market Return: Empirical Evidence from US Market Indices.

    University essay from Lunds universitet/Företagsekonomiska institutionen

    Author : Ernest Agyei; [2020]
    Keywords : Firm Performance Market return Leverage Debt Overhang theory Irrelevance theory US stock indices Free cash flow theory; Business and Economics;

    Abstract : This paper is to empirically investigate the relationship between leverage and firm performance if any exists, “what is the direction of the relation?” as well as test the possibility of a non-monotonic relationship. Panel regression analysis is used for this study while using asset tangibility as an instrumental variable. READ MORE

  3. 3. The Impact of Key Performance Indicators (KPIs) on Listed European Football Clubs

    University essay from Lunds universitet/Företagsekonomiska institutionen

    Author : Igor Victor Noonan; Marco Israel Silicaro; [2019]
    Keywords : Free Cash Flow Theory; Underinvestment Problem; Panel Data Regression; Trade Off Theory; Business and Economics;

    Abstract : The purpose of this paper is to investigate and shed light on the critical success factors for investors, management and academia for listed European football clubs. This paper is the first of its kind in that it analyses the Key Performance Indicators and their respective impact on the stock price for 23 listed European football clubs. READ MORE

  4. 4. The stock market reaction towards acquisition announcements in different business cycles

    University essay from Göteborgs universitet/Graduate School

    Author : Mathias Karlsson; Jacob Sundquist; [2016-10-07]
    Keywords : Cumulative abnormal return; business cycle; free cash flow theory; overvaluation theory; method of payment;

    Abstract : We investigate whether the stock market reaction towards acquisition announcements is dependent on different business cycles. In addition, we examine if the stock market reaction is consistent with predictions in the free cash flow theory (Jensen, 1986) and the overvaluation theory (Myers & Majluf, 1984). READ MORE

  5. 5. Investment-Cash Flow Sensitivity for Swedish Firms

    University essay from Handelshögskolan i Stockholm/Institutionen för redovisning och finansiering

    Author : Victor Abrahamsson; Sofia Knobel; [2016]
    Keywords : Overinvestment; Underinvestment; Free Cash Flow; Agency Cost Theory; Financing Constraints;

    Abstract : The aim of this bachelor thesis is to determine whether there exists a relationship between a firm's level of overinvestment or underinvestment and its level of positive free cash flow or negative free cash flow respectively. We collect data from 165 Swedish firms listed on OMX Stockholm Stock Exchange between 2008-2014. READ MORE