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股票回购、自由现金流量与企业价值 被引量:1

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摘要 公司回购股票能够提升企业价值,是由于降低了管理层掌控的自由现金流量,从而提高项目的边际报酬率,降低企业的资本成本,以及调整股权结构。但是,同为减少自由现金流量,股票回购与现金股利还存在若干差异。因此,我国应当适当、逐步放宽相关的规制。
作者 林敏
机构地区 四川师范大学
出处 《吉林工商学院学报》 2009年第2期50-52,共3页 Journal of Jilin Business and Technology College
基金 国家自然科学基金"基于自由现金流量的我国上市公司业绩变化研究"(70672013)
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参考文献6

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二级参考文献11

  • 1Tom Copeland, Tim Koller & Jack Murrin, Valuation: Measuring and Managing the Value of Companies, Third Edition. John Wiley & Sons, Inc. , 2000.
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  • 10Thomas L. West & Jeffrey D. Jones, Handbook of Business Valuation, Second Edition. John Wiley & Sons, Inc. , 1999.

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