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한국자본시장에서 현금흐름의 변동성과 발생액의 변동성이 기업 가치에 미치는 영향 : How Volatilities of Cashflow and Accruals Effect on the Firm Value: The Korea Case
DC Field | Value | Language |
---|---|---|
dc.contributor.author | 박정식 | - |
dc.contributor.author | 박상균 | - |
dc.date.accessioned | 2010-01-16T13:26:41Z | - |
dc.date.available | 2010-01-16T13:26:41Z | - |
dc.date.issued | 2008-12 | - |
dc.identifier.citation | 경영논집, Vol.42 No.1/4, pp. 77-100 | - |
dc.identifier.issn | 1229-0491 | - |
dc.identifier.uri | https://hdl.handle.net/10371/34408 | - |
dc.description.abstract | We studied how volatilities of earnings, operating incomes, and accruals effect on
the firm value in Korean capital market. In Korean capital market, volatilities of earnings, operating incomes, and accruals effect on the firm value negatively, and this result plays important roles to explain many corporate risk management activities. Unlike the existing risk measures―systematic risk and idiosyncratic risk, these volatilities is more useful since being calculated easily with financial statement. The result, that investors have no preference of the low earnings volatility through cash flow over that through accruals (non-cash flow), disagrees with results of previous studies. These result needs to be verified in further studies. | - |
dc.language.iso | ko | - |
dc.publisher | 서울대학교 경영대학 경영연구소 | - |
dc.title | 한국자본시장에서 현금흐름의 변동성과 발생액의 변동성이 기업 가치에 미치는 영향 | - |
dc.title.alternative | How Volatilities of Cashflow and Accruals Effect on the Firm Value: The Korea Case | - |
dc.type | SNU Journal | - |
dc.contributor.AlternativeAuthor | Park, Jung Sik | - |
dc.contributor.AlternativeAuthor | Park, Sang Kyun | - |
dc.citation.journaltitle | 경영논집 | - |
dc.citation.endpage | 100 | - |
dc.citation.number | 1/4 | - |
dc.citation.pages | 77-100 | - |
dc.citation.startpage | 77 | - |
dc.citation.volume | 42 | - |
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