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- Title
YATIRIM FAALİYETLERİNDEN KAYNAKLI NAKİT AKIŞLARININ DEĞER İLİŞKİSİ.
- Authors
ERTUĞRUL, Üyesi Melik
- Abstract
Investing Cash Flows (CFI) are indicators of the future performance and cash generation power from core operating activities of a firm. Since future cash flows are one of the major determinants of the current firm value, an increase in CFI should be expected to positively affect the current firm value. In this study, based on a sample of 287 listed firms on Borsa Istanbul between 2009 and 2018, the association between CFI figures and market value of equity is analysed by employing a modified version of the Price Model. Regression outcomes document evidence for the positive value relevance of CFI, which should be read as follows: CFI figures provide useful information for valuation as they are reflected in share prices.
- Subjects
CASH flow; MARKET value; MARKET capitalization; KEY performance indicators (Management); VALUATION
- Publication
Financial Analysis / Mali Cozum Dergisi, 2020, Vol 30, Issue 160, p101
- ISSN
1303-5444
- Publication type
Article