Accruals, Free Cash Flows, and EBITDA for Agribusiness Firms

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dc.creatorTrejo-Pech, Carlos Omar
dc.creatorWeldon, Richard N.
dc.creatorHouse, Lisa
dc.creatorSalas-Gutierrez, Tomas
dc.date2017-04-01T19:27:28Z
dc.date.accessioned2026-07-09T03:34:22Z
dc.descriptionThis study explores the relationships between the accrual and cash flow components of earnings for agribusiness. Three accrual models with their respective cash flows, free cash flows, and free cash flows to equity are analyzed. Results for the agribusiness industry are compared with results from previous studies of all firms. Earnings Before Interests, Taxes, Depreciation, and Amortization (EBITDA), a measure frequently recommended as a proxy for cash flow is tested using these models. Empirical results show that both the magnitude and the behavior of EBITDA differ from cash flows and should not be used as a proxy.
dc.identifierdoi:10.22004/ag.econ.21152
dc.identifierhttps://ageconsearch.umn.edu/record/21152/files/sp06tr01.pdf
dc.identifierhttp://ageconsearch.umn.edu/record/21152
dc.identifier.urihttp://hdl.handle.net/123456789/535474
dc.languageeng
dc.publisher
dc.sourcehttp://ageconsearch.umn.edu/record/21152
dc.titleAccruals, Free Cash Flows, and EBITDA for Agribusiness Firms
dc.typeText

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