Stock Returns and Cash Flows: A New Asset Pricing Approach

Stock Returns and Cash Flows: A New Asset Pricing Approach

This study is focused on a non-conventional profitability measure, at least in terms of assets pricing models, where dividends or profits are widely used. The attention is focused on a proxy measure of Operating Cash Flows: the "Ebitda after Capex". The relationship returns – cash flows�...

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Bibliographic Details
Main Authors: Sonia Di TOMASO, Denis Marco MONTAGNA, Antonio AMENDOLA
Format: Article
Language:English
Published: Tripal Publishing House 2022-03-01
Series:Journal of Economics and Financial Analysis
Subjects:
asset pricing
volatility
return
quantile regression
cash flow
financial modelling
capm
fama-french models.
Online Access:https://ojs.tripaledu.com/jefa/article/view/69

Internet

https://ojs.tripaledu.com/jefa/article/view/69

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