search query: @indexterm CASH FLOW / total: 488
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| Author: | Bernard, V. L. Stober, T. L. |
| Title: | The nature and amount of information in cash flows and accruals. |
| Journal: | Accounting Review
1989 : OCT, VOL. 64:4, p. 624-652 |
| Index terms: | FINANCIAL STATEMENTS DISCLOSURE CASH FLOW SHARE PRICES RATE OF RETURN |
| Language: | eng |
| Abstract: | Wilson (1987) claimed that for a given amount of earning, the stock market reacts more favorably the larger (smaller) are cash flows (current accruals). The present authors try to assess the generality of Wilson's finding and to evaluate alternative economic arguments. In the period between 1977 and 1984 Wilson's simple relation does not hold and any similar relations should be rejected. |
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