Date of Award
Master of Science (MS)
Economics and Finance
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.
Na, Sen, "The Free Cash Flow and Corporate Returns" (2018). All Graduate Plan B and other Reports. 1347.
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