Date of Award
12-2018
Degree Type
Report
Degree Name
Master of Science (MS)
Department
Economics and Finance
Committee Chair(s)
Jason Smith
Committee
Jason Smith
Committee
Ben Blau
Committee
Dwight Israelsen
Committee
Jared DeLisle
Abstract
Mcpherson (2018) and Jose, Lancaster, Stevens (1996) have written papers to examine the relationship between liquidity management and firm profitability. The literature establishes that the cash conversion cycle has an implication for the profitability and liquidity of a firm. We extend the time period and analyze the free cash flow instead of cash conversion cycle. We provide evidence that firms with higher free cash flows have higher risk adjusted stock returns.
Recommended Citation
Na, Sen, "The Free Cash Flow and Corporate Returns" (2018). All Graduate Plan B and other Reports, Spring 1920 to Spring 2023. 1347.
https://digitalcommons.usu.edu/gradreports/1347
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