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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Main Authors: Chan, Peck Yin., Tan, Soek Cheng.
Other Authors: Nanyang Business School
Format: Final Year Project
Language:English
Published: 2013
Subjects:
Online Access:http://hdl.handle.net/10356/51786
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Institution: Nanyang Technological University
Language: English
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spelling 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
institution Nanyang Technological University
building NTU Library
continent Asia
country Singapore
Singapore
content_provider NTU Library
collection DR-NTU
language English
topic DRNTU::Business
spellingShingle DRNTU::Business
Chan, Peck Yin.
Tan, Soek Cheng.
Product strategies and the free cash flow theory : the Singapore evidence.
description 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.
author2 Nanyang Business School
author_facet Nanyang Business School
Chan, Peck Yin.
Tan, Soek Cheng.
format Final Year Project
author Chan, Peck Yin.
Tan, Soek Cheng.
author_sort 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.
title_fullStr Product strategies and the free cash flow theory : the Singapore evidence.
title_full_unstemmed Product strategies and the free cash flow theory : the Singapore evidence.
title_sort product strategies and the free cash flow theory : the singapore evidence.
publishDate 2013
url http://hdl.handle.net/10356/51786
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