|
我的愚见是，FCFE才会考虑投资和融资的现金流（Net borrowing），也就是回购股票等活动只会影响FCFE，几乎不影响FCFF。附上这两个自由现金流的定义：
FCFF is the cash flow available to the company’s suppliers of capital after all operating expenses (including taxes) have been paid and necessary investments in working capital (e.g., inventory) and fixed capital (e.g., equipment) have been made. FCFF is the cash flow from operations minus capital expenditures.
FCFE is the cash flow available to the company’s holders of common equity after all operating expenses, interest, and principal payments have been paid and necessary investments in working and fixed capital have been made. FCFE is the cash flow from operations minus capital expenditures minus payments to (and plus receipts from) debtholders.
| 
jg-xs1
京公网安备 11010802022788号
论坛法律顾问：王进律师
知识产权保护声明
免责及隐私声明
发帖
雷达卡
