haku: @indexterm CASH FLOW / yhteensä: 488
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Tekijä: | Pfeifer, R. |
Otsikko: | Additional evidence on the incremental information content of cash flows and accruals: the impact of errors in measuring market expectations |
Lehti: | Accounting Review
1998 : JUL, VOL. 73:3, p. 373-386 |
Asiasana: | ACCOUNTING CASH FLOW INFORMATION |
Kieli: | eng |
Tiivistelmä: | 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