Is cash flow king in valuations?

Financial Analysts Journal

Volumn 63, Issue 2, 2007, Pages 54-68

  Liu, Jing ^a   Nissim, Doron ^b   Thomas, Jacob ^c  

^a UNIVERSITY OF CALIFORNIA   (United States)

^b Howard Hughes Medical Institute   (United States)

^c YALE UNIVERSITY   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 34247633040     PISSN: 0015198X     EISSN: None     Source Type: Journal    
DOI: 10.2469/faj.v63.n2.4522     Document Type: Review

References (9)

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2. Baker, M., and R. Ruback. 1999. "Estimating Industry Multiples." Working paper, Harvard University.
3. Beatty, R.P., S.M. Riffe, and R. Thompson. 1999. "The Method of Comparables and Tax Court Valuations of Private Firms: An Empirical Investigation." Accounting Horizons, vol. 13, no. 3 (September):177-199.
4. Charitou, A., C. Clubb, and A. Andreou. 2000. "The Value Relevance of Earnings and Cash Flows: Empirical Evidence for Japan." Journal of International Financial Management and Accounting, vol. 11, no. 1 (Spring):1-22.
5. DeFond, M., and M. Hung. 2003. "An Empirical Analysis of Analysts' Cash Flow Forecasts." Journal of Accounting and Economics, vol. 35, no. 1 (April):73-100.
6. Kim, M., and J.R. Ritter. 1999. "Valuing IPOs." Journal of Financial Economics, vol. 53, no. 3 (September):409-437.
7. La Porta, R., F. Lopez-de-Silanes, A. Shleifer, and R. Vishny. 2000. "Agency Problems and Dividend Policies around the World." Journal of Finance, vol. 55, no. 1 (February):1-33.
8. Liu, J., D. Nissim, and J. Thomas. 2002. "Equity Valuation Using Multiples." Journal of Accounting Research, vol. 40, no. 1 (March):135-172.
9. Williams, J.B. 1938. The Theory of Investment Value. Cambridge, MA: Harvard University Press.