• Poornima Joshi

The objective of this paper is to investigate the relationship between free cash flow and performance. The sample consists of non financial firms included in the S&P BSE 500 index from 2006 to 20016. The firms performance is measured by accounting performance which measured by return on assets (ROA). Size of the company and the debt ratio however, served as the control variable. The data were subjected to statistical analysis using correlation technique. The result of the study revealed that free cash flow as the independent variable has a significant and strong positive relation with firm performance. This study suggest the use of free cash flow in evaluating performance which will help investors make good decisions.

Free Cash Flow, Return on Asset, Firm Performance

"Free Cash Flow and Firm Performance: Evidence from Indian Stock Market", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.6, Issue 5, page no.317-323, May 2019, Available :http://www.jetir.org/papers/JETIR1906P49.pdf

"Free Cash Flow and Firm Performance: Evidence from Indian Stock Market", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.6, Issue 5, page no. pp317-323, May 2019, Available at : http://www.jetir.org/papers/JETIR1906P49.pdf