Cash flow growth rates of growth and value stocks in Indonesia

Saphire, Eliza (2018) Cash flow growth rates of growth and value stocks in Indonesia. Bachelor thesis, Universitas Pelita Harapan.

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Abstract

The purpose of this research is to analyse the cash flow growth rates of growth and value stocks in Indonesia in order to validate the conventional wisdom that held cash flows of growth stocks grow faster than value stocks. The sample covers all the listed and delisted firms in Indonesia Stock Exchange with time period of year 2008 until year 2017. There are 483 firms in total including 39 delisted firms. The variable of cash flow in this research is represented with cash dividend. The research is done by forming portfolio dividends and regression testing using Fama-Macbeth (1973) two-step procedure before and after adjusted for survivorship bias. The findings by looking at the trends conclude that there's a weak pattern between book-to-market ratio with dividends growth.

Item Type:	Thesis (Bachelor)
Creators:	Creators NIM Email Saphire, Eliza NIM00000011711 UNSPECIFIED
Contributors:	Contribution Contributors NIDN/NIDK Email Thesis advisor Kim, Sung Suk NIDN8963400020 sungsuk.kim@uph.edu
Additional Information:	SK 11-14 SAP c; 31001000267410
Uncontrolled Keywords:	growth stocks; value stocks; cash flow growth; dividends growth; book-to-market ratio.
Subjects:	H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
Divisions:	University Subject > Current > Faculty/School - UPH Karawaci > Business School > Management Current > Faculty/School - UPH Karawaci > Business School > Management
Depositing User:	Yanni Karina
Date Deposited:	19 Sep 2022 00:58
Last Modified:	04 Dec 2023 02:11
URI:	http://repository.uph.edu/id/eprint/50477

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