Advanced

Value Creating or Value Destroying? A Study of Cash Flow Volatility¡¯s Relation with Firm Value

Cheng, Bo and Li, Fanding (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:
author
Cheng, Bo and Li, Fanding
supervisor
organization
year
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
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},
  keyword      = {Cash flow volatility,firm value,growth option,earning management,U.S. healthcare sector,Management of enterprises,Företagsledning, management},
  language     = {swe},
  note         = {Student Paper},
  title        = {Value Creating or Value Destroying? A Study of Cash Flow Volatility¡¯s Relation with Firm Value},
  year         = {2011},
}