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What is meant by middle-range theory?
EBIT
Earnings Before Interest and Taxes, a measure of a firm’s profit that includes all expenses except interest and income tax expenses.
FCFF
Free Cash Flow to the Firm, a measure of a company's financial flexibility that represents the amount of cash generated by a company that is available for distribution among all its security holders.
Tax Bracket
Categories of income tax rates that increase progressively with the amount of taxable income.
FCFE
Free Cash Flow to Equity (FCFE) is the amount of cash available to the equity shareholders of a company after all expenses, reinvestment, and debt payments have been made.
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