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A cash flow distribution model: empirical analysis of Spanish firms


  • Mariano Gonzalez-Sanchez
  • Ana I. Mateos-Ansotegui


Different ways of estimating the cash flow generated by a firm can be found in finance literature. These methods generally are based on the estimation of the flows in question, as well as on the analysis of the components involved in the calculation. We present an estimation of a static model of cash flow, in which the main objective is to study how the uses of cash flow generated by a firm are distributed and which variables affect that distribution. Given the fact that firm size is a crucial variable in addressing this question, we build a theoretical cash flow distribution model based on this size and, later, contrast it with a sample of Spanish firms.

Suggested Citation

  • Mariano Gonzalez-Sanchez & Ana I. Mateos-Ansotegui, 2008. "A cash flow distribution model: empirical analysis of Spanish firms," International Journal of Accounting, Auditing and Performance Evaluation, Inderscience Enterprises Ltd, vol. 5(2), pages 107-137.
  • Handle: RePEc:ids:ijaape:v:5:y:2008:i:2:p:107-137

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