Abstract
Company valuation is crucial for corporate sustainability and growth. To this effect, this study examines whether operating income and operating cash flows affect the valuation of airline companies. It is posited that airline firm value is a function of these variables. The results of this study show that both operating income and cash flow from operations are statistically significant with respect to company valuations. When company size was considered, the results showed that this variable, in addition to operating income is statistically significant in predicting company value.
| Original language | American English |
|---|---|
| Journal | International Journal of Business, Accounting, and Finance |
| Volume | 8 |
| State | Published - 2014 |
Keywords
- business valuation
- airline industry
- operating income
- cash flow
- debt-to-equity ratio
Disciplines
- Business
- Finance and Financial Management