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Understanding Free Cash Flow to Equity by David Ignacio Berastain Hurtado is a document available to read on EtoBox.

What is Understanding Free Cash Flow to Equity about?

This document discusses free cash flow to equity (FCFE) and reasons why firms may pay out less dividends than their FCFE. It provides 5 reasons firms retain cash rather than paying it out as dividends: 1) desire for stability, 2) future investment needs, 3) tax factors, 4) signaling considerations, and 5) managerial self-interest like empire building. It also covers FCFE valuation models and compares growth in FCFE versus growth in free cash flow to the firm (FCFF).

Author

David Ignacio Berastain Hurtado

Language

EN