Penelitian ini bertujuan untuk memperoleh bukti empiris tentang pengaruh free cash flow , collateralizable asset dan kebijakan utang terhadap dividen. Populasi dalam penelitian adalah perusahaan yang bergerak di sektor property real estate and building construction terdaftar Bursa Efek Indonesia periode tahun 2014-2018. Sampel diperoleh dengan menggunakan purposive sampling 19 dijadikan sebagai...

this paper investigates the link between accrual and cash flow components of earnings and future abnormal earnings and equity values. the base of tests in this paper is ohlson (1999) model and net income, equity book value and return on equity book value, is the variables that used in this paper. the statistical population of this research is the firms accepted in the tehran stock exchange that...

This paper provides new evidence on the predictive power of dividend yields for U.S. aggregate stock returns. Following Miller and Modigliani, we construct a measure of the dividend yield that includes all cash flows to shareholders. We show that this alternative cash-flow yield has strong and stable predictive power for returns, and appears robust to a battery of tests that have been proposed ...

after-tax cash flows to differ from its before-tax cash flows. To estimate the future cash flows that are to be generated by a proposed foreign project (such as the establishment of a new subsidiary or the acquisition of a foreign firm), MNCs must first estimate the taxes that they will incur due to the foreign project. This appendix provides a general background on some of the more important i...

Subjects in a controlled laboratory experiment choose a withdraw policy from a cash flow evolving according to an arithmetic Brownian motion. Earnings are based on total withdraws but aggressive withdraw policies expose the subject to risk of ruin. The policy that maximizes expected earnings does not, in general, maximize the odds of survival. We find that in treatments in which wealth maximiza...

This study aims to examine the Effect of Leverage and Free Cash Flow on Earnings Management with Independent Audit Committee as a Moderating Variable. The samples used were manufacturing companies in basic chemical industry sectors that listed Indonesia Stock Exchange (IDX) published annual reports sustainability for 2018-2020 period. Sampling was carried out using purposive sampling method. Da...

We construct empirical proxies for cash-flow timing and matching problems and provide evidence on the ability of this accrual generating factor to explain accruals. Researchers lament our meager understanding of the process that spawns accruals (Owens et al., 2013, Ball, 2013, McNichols, 2000). Our aim is to map the explanatory power boundaries demarcated by our current knowledge of the role of...