search query: @indexterm CASH FLOW / total: 488
reference: 91 / 488
| Author: | Pfeifer, R. |
| Title: | Additional evidence on the incremental information content of cash flows and accruals: the impact of errors in measuring market expectations |
| Journal: | Accounting Review
1998 : JUL, VOL. 73:3, p. 373-386 |
| Index terms: | ACCOUNTING CASH FLOW INFORMATION |
| Language: | eng |
| Abstract: | This study evaluates the relation between security returns and funds-based earnings components. The authors document that proxies for market expectations of the components that are based on measures of historical serial and cross- dependencies are substantially more accurate than random- walk proxies. Moreover, the authors detect significantly higher valuations of the operating cash flow component of earnings, relative to current accruals, when market expectations are represented using the dependency-based predictions. |
SCIMA