search query: @indexterm CASH FLOW / total: 488
reference: 138 / 488
| Author: | Clubb, C. |
| Title: | An empirical study of the information content of accounting earnings, funds flows and cash flows in the UK |
| Journal: | Journal of Business Finance and Accounting
1995 : JAN, VOL. 22:1, p. 35-52 |
| Index terms: | EARNINGS CASH FLOW INFORMATION |
| Language: | eng |
| Abstract: | This paper examines the relative information content of accounting earnings, funds flow and cash flow data based on a sample of 48 UK companies over the period 1955-84. Empirical findings were consistent with the hypotheses that earnings data and cash and funds flow data contain value-relevant information that each of these datasets has incremental information content beyond the other. Some evidence that these findings are consistent with a positive association between estimated return response coefficients for accounting variables and estimated persistence measures" for these variables based on the dividend valuation model and a multivariate AR 1 forecast model is presented. |
SCIMA