search query: @indexterm CASH FLOW / total: 488
reference: 142 / 488
| Author: | Finger, C. |
| Title: | The ability of earnings to predict future earnings and cash flow |
| Journal: | Journal of Accounting Research
1994 : AUTUMN, VOL. 32:2, p. 210-223 |
| Index terms: | FUTURE EARNINGS CASH FLOW |
| Language: | eng |
| Abstract: | This paper examines the value relevance of earnings by testing their ability to predict two future benefits of equity investment: earnings and cash flow from operations. Previous research has given an incomplete view of earnings' predictive ability, as it has typically focused on short horizons while ignoring the longer-term benefits that are also valued, as in Ohlson. The author tests earnings' ability to predict future earnings and future cash flow from operations one through eight years ahead using annual data from 1935-87 for 50 firms. |
SCIMA