Value Creating or Value Destroying? A Study of Cash Flow Volatility¡¯s Relation with Firm Value
(2011)Department of Business Administration
- Abstract
- The cash flow volatility could be either value destroying or value creating. It is also meaningful to classify the firms by growth options when analysis the firm value. These results develop the prior study to a more specification condition. Managers should focus on real cash flow management and the effects of firm¡¯s earning management should also be measured by cash flow rather than accruals.
Please use this url to cite or link to this publication:
http://lup.lub.lu.se/student-papers/record/1977446
- author
- Cheng, Bo and Li, Fanding
- supervisor
- organization
- year
- 2011
- type
- H1 - Master's Degree (One Year)
- subject
- keywords
- Cash flow volatility, firm value, growth option, earning management, U.S. healthcare sector, Management of enterprises, Företagsledning, management
- language
- Swedish
- id
- 1977446
- date added to LUP
- 2011-06-01 00:00:00
- date last changed
- 2012-04-02 18:54:23
@misc{1977446, abstract = {{The cash flow volatility could be either value destroying or value creating. It is also meaningful to classify the firms by growth options when analysis the firm value. These results develop the prior study to a more specification condition. Managers should focus on real cash flow management and the effects of firm¡¯s earning management should also be measured by cash flow rather than accruals.}}, author = {{Cheng, Bo and Li, Fanding}}, language = {{swe}}, note = {{Student Paper}}, title = {{Value Creating or Value Destroying? A Study of Cash Flow Volatility¡¯s Relation with Firm Value}}, year = {{2011}}, }