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- Title
VALUATION OF AIRLINE COMPANIES: A FUNCTION OF EARNINGS OR CASH?
- Authors
Zarb, Bert
- Abstract
Company valuation is crucial for corporate sustainability and growth. To this effect, this study examines whether operating income and operating cash flows affect the valuation of airline companies. It is posited that airline firm value is a function of these variables. The results of this study show that both operating income and cash flow from operations are statistically significant with respect to company valuations. When company size was considered, the results showed that this variable, in addition to operating income is statistically significant in predicting company value.
- Subjects
SUSTAINABLE development; CASH flow; INDUSTRIAL management; DEBT-to-equity ratio; BUSINESS revenue
- Publication
International Journal of Business, Accounting & Finance, 2014, Vol 8, Issue 2, p59
- ISSN
1936-699X
- Publication type
Article