DFNV has outperformed ARKK by nearly 4,000 basis points YTD. “R&D spending combined with strong free cash flow generation has facilitated the emergence of new leaders in global markets,”according to ETF issuer FCF Advisors.“Technology and healthcare are ingrained in all sectors of the...
It shows ten methods: free cash flow; equity cash flow; capital cash flow; APV (Adjusted Present Value); business's risk-adjusted free cash flow and equity cash flow; risk-free rate-adjusted free cash flow and equity cash flow; economic profit; and EVA. All ten methods always give the ...
This paper using China real estate listed companies from 2005 to 2011,we adopts Richardson investment model to test the free cash flow,debt covenants on corporate investment efficiency,as well as the moderating effects of debt covenants to free cash flow and corporate investment efficiency. We also...
According to the hypothesis of free cash flow,when a company owns lots of free cash flow,the opportunistic behavior of the managerial personnel will easily lead to over-investment.By using the data of the listed companies from 2005 to 2007,this paper tries to find out whether there exists ove...
free cash flow and corporate governance mechanism is explored.The current corporate governance mechanisms of Chinese listed companies do not play a significant role in the perks of managers in Chinese listed companies.It is necessary to continue to strengthen the corporate governance construction and ...
The research results showed that high free cash flow,low-growth companies in MA performance will be decline apparently,and attributed that to the agency costs.In this paper,an attempt to build a bridge between the free cash flow and MA performance.Analyse the direct objective reason of the perf...
Free Cash Flow,Debt Financing and Corporate Over-investment——An Empirical Research of Chinese Listed Companies 来自 Semantic Scholar 喜欢 0 阅读量: 38 作者:XU Xiang-Yi,LI Xin 摘要: The empirical research of Chinese listed companies proves that,the over-investment degree of listed company has ...
We find that SOEs have slightly weak free cash flow productivity but significantly stronger than non-SOEs. Similar performance exists among commercial class I and II SOEs and public-benefit SOEs. Further analyses suggest that firm size, age, sales growth, ownership concentration, government subsidies...
Here are five examples of companies that have historically shown large free cash flow figures. All five of these companies are also household names. This factor can play a big role in a company's staying power because of the level of consumer trust these brands have garnered. The figures li...
cash flow sensitivity from perspective of managerial behavior;those are Free Cash Flow Agency Cost Hypothesis and Managerial Overconfidence Hypothesis.However,the existing researches on corporate investment-free cash flow sensitivity are most tested from one angel of managerial behavior,as from managerial ...