Title :
Basis of Value Evaluation: A Comparative Study on the Value Correlations between Three Kinds of Cash Flows
Author :
Hong, Yao ; Yang, Wang
Author_Institution :
Sch. of Manage., Dalian Univ. of Technol. (DUT), Dalian, China
Abstract :
Cash flow is the basis of value evaluations of listed companies. Based 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.
Keywords :
correlation methods; pricing; stock markets; value engineering; Shanghai-Shenzhen stock market; cash flow; listed company; pricing model; value correlation; value evaluation; Companies; Content management; Earth; Fluid flow measurement; Forward contracts; Investments; Pricing; Quality management; Stock markets; Technology management;
Conference_Titel :
Management and Service Science, 2009. MASS '09. International Conference on
Conference_Location :
Wuhan
Print_ISBN :
978-1-4244-4638-4
Electronic_ISBN :
978-1-4244-4639-1
DOI :
10.1109/ICMSS.2009.5300966
