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Basis of value evaluation: A comparative study on the value correlations between three kinds of cash flows

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Indexed by:会议论文

Date of Publication:2009-09-20

Included Journals:EI、Scopus

Abstract:Cash flow is the basis of value evaluations of listed companies. Baed on the complete sample data from the Shanghai and Shenzhen Stock Markets during the year 1998-2005, we compared the value correlations among CFO, FCF and TCF using pricing model and benefit model, and found the value correlation of CFO, and then analyzed the differences of the value correlation of cash flows in different years. ?2009 IEEE.

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