Product strategies and the free cash flow theory : the Singapore evidence.
Jensen’s free cash flow theory proposes that firms with high free cash flow and poor investment opportunities are likely to engage in investments that are not advantageous to shareholders. For firms with poor investment opportunities versus firms with good investments, the theory proposes that the m...
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sg-ntu-dr.10356-517862023-05-19T07:23:10Z Product strategies and the free cash flow theory : the Singapore evidence. Chan, Peck Yin. Tan, Soek Cheng. Nanyang Business School Chen Sheng Syan DRNTU::Business Jensen’s free cash flow theory proposes that firms with high free cash flow and poor investment opportunities are likely to engage in investments that are not advantageous to shareholders. For firms with poor investment opportunities versus firms with good investments, the theory proposes that the mean abnormal return associated with announcements of poor investment decisions is smaller. For firms with poor investment decisions, the theory also predicts that the abnormal return is a decreasing function of cash flow. BUSINESS 2013-04-11T04:51:57Z 2013-04-11T04:51:57Z 1996 1996 Final Year Project (FYP) http://hdl.handle.net/10356/51786 en Nanyang Technological University 62 p. application/pdf |
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DRNTU::Business Chan, Peck Yin. Tan, Soek Cheng. Product strategies and the free cash flow theory : the Singapore evidence. |
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Jensen’s free cash flow theory proposes that firms with high free cash flow and poor investment opportunities are likely to engage in investments that are not advantageous to shareholders. For firms with poor investment opportunities versus firms with good investments, the theory proposes that the mean abnormal return associated with announcements of poor investment decisions is smaller. For firms with poor investment decisions, the theory also predicts that the abnormal return is a decreasing function of cash flow. |
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Nanyang Business School |
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Nanyang Business School Chan, Peck Yin. Tan, Soek Cheng. |
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Final Year Project |
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Chan, Peck Yin. Tan, Soek Cheng. |
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Chan, Peck Yin. |
title |
Product strategies and the free cash flow theory : the Singapore evidence. |
title_short |
Product strategies and the free cash flow theory : the Singapore evidence. |
title_full |
Product strategies and the free cash flow theory : the Singapore evidence. |
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Product strategies and the free cash flow theory : the Singapore evidence. |
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Product strategies and the free cash flow theory : the Singapore evidence. |
title_sort |
product strategies and the free cash flow theory : the singapore evidence. |
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2013 |
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http://hdl.handle.net/10356/51786 |
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1772827176050098176 |