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Full-Text Articles in Finance and Financial Management
The Free Cash Flow And Corporate Returns, Sen Na
The Free Cash Flow And Corporate Returns, Sen Na
All Graduate Plan B and other Reports, Spring 1920 to Spring 2023
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.