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The Incremental Information Content Of Cash Flow From Operations Versus Earnings Singapore Evidence
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Book Synopsis The Incremental Information Content of Cash Flow from Operations Versus Earnings--Singapore Evidence by : Teck Kiang Tan
Download or read book The Incremental Information Content of Cash Flow from Operations Versus Earnings--Singapore Evidence written by Teck Kiang Tan and published by . This book was released on 1990 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis An Empirical Investigation of the Incremental Information Content of Earnings, Working Capital from Operations, and Cash Flow from Operations Affected by Their Extremity by :
Download or read book An Empirical Investigation of the Incremental Information Content of Earnings, Working Capital from Operations, and Cash Flow from Operations Affected by Their Extremity written by and published by . This book was released on 2005 with total page 354 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Additional Evidence on the Incremental Information Content of Cash Flows and Accruals by : Ray J. Pfeiffer
Download or read book Additional Evidence on the Incremental Information Content of Cash Flows and Accruals written by Ray J. Pfeiffer and published by . This book was released on 1999 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This study evaluates the relation between security returns and funds-based earnings components. We 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, we 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. Such differential valuation is not detectable for random-walk representations. Contrary to results in Ali (1994), we find incremental information in unexpected cash flows over the whole spectrum (moderate and extreme) of unexpected cash flow realizations.
Book Synopsis The Incremental Information Content of Earnings by : Ashiq Ali
Download or read book The Incremental Information Content of Earnings written by Ashiq Ali and published by . This book was released on 1992 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Information Content of Cash Flow from Operations in the Prediction of Future Earnings by : Tong Li
Download or read book Information Content of Cash Flow from Operations in the Prediction of Future Earnings written by Tong Li and published by . This book was released on 1997 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Determinants of Incremental Information Content of Cash Flows Beyond Earnings by :
Download or read book Determinants of Incremental Information Content of Cash Flows Beyond Earnings written by and published by . This book was released on 2003 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Incremental Information Content of Earnings, Funds Flow and Cash Flow by : Ashiq Ali
Download or read book The Incremental Information Content of Earnings, Funds Flow and Cash Flow written by Ashiq Ali and published by . This book was released on 1994 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Incremental Information Content of Accruals and Cash Flows After Controlling for Earnings by : Gordon Peter Wilson
Download or read book The Incremental Information Content of Accruals and Cash Flows After Controlling for Earnings written by Gordon Peter Wilson and published by . This book was released on 1986 with total page 114 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Incremental Information Content of Cash Flow from Operations-an Exploratory Study of Intertemporal and Firm-specific Effects by : Michael Ofosu Mensah
Download or read book The Incremental Information Content of Cash Flow from Operations-an Exploratory Study of Intertemporal and Firm-specific Effects written by Michael Ofosu Mensah and published by . This book was released on 1990 with total page 108 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Incremental Information Content of International Accounting Standards Earnings by : Jyrki Niskanen
Download or read book The Incremental Information Content of International Accounting Standards Earnings written by Jyrki Niskanen and published by . This book was released on 1991 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Predicting Future Cash Flow from Operations by : Yuqi Zhao
Download or read book Predicting Future Cash Flow from Operations written by Yuqi Zhao and published by . This book was released on 2007 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper investigates which accounting variable has superior predictive ability for future cash flow: current cash flow from operations, or current earnings. The question is examined in an Australian context for the years 1995 to 2005, on a sample of 350 firms. The question is also examined by industry for the same firms. In most U.S. studies, superior predictions are obtained using current earnings. However, the same result is not expected in Australia, due to the different industrial composition of the economy, and the superiority of cash flow data prepared under Australian accounting standards. Consistent with our expectation, the results indicate that current cash flow from operations has superior predictive ability over current earnings for future cash flow from operations, and also that cash flow from operations has higher incremental information content than current earnings.
Book Synopsis An Empirical Examination of the Information Content of Ohlson and Aier's Modified Cash Flows by : Samuel Tung
Download or read book An Empirical Examination of the Information Content of Ohlson and Aier's Modified Cash Flows written by Samuel Tung and published by . This book was released on 2017 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: Ohlson and Aier (2009) propose a model of modified cash accounting (MCA) for analyzing and evaluating a firm's cash flows. They suggest that MCA cash earnings provide a better measure of earnings than GAAP's measure, and that the MCA bottom line is more informative because it identifies earnings due to operations on a cash- and approximate cash-equivalent basis. However, there is no empirical test for the information content of MCA cash earnings proposed by Ohlson and Aier (2009). This study empirically examines the incremental information content of MCA cash earnings compared with cash flow from operations (CFO) and GAAP earnings per share (EPS) using stock returns as the benchmark for firms' performance during the 2001-2011 period. We find that MCA cash earnings provide incremental information content beyond CFO and EPS.
Book Synopsis Earnings, Cashflows and Returns by : Peta Stevenson-Clarke
Download or read book Earnings, Cashflows and Returns written by Peta Stevenson-Clarke and published by . This book was released on 2000 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The relation between stock returns, earnings and cashflows is of importance because it directly addresses the issue of whether accounting data provide value relevant information. The empirical evidence to date, however, has documented low explanatory power for earnings and inconclusive incremental information content for cashflows. This research re-evaluates the incremental information content debate using Australian data. Our research is motivated by: recent innovations in research design, including the specification of nonlinear functional relations between accounting variables and prices, and the fact that differences in firm size characteristics may influence the relative information content of the accounting variables. We observe that: (i) a nonlinear functional relation provides greater explanatory power for both earnings and cash flows; (ii) the results are consistent with more transitory earnings components for smaller firms; and (iii) contrary to received theory, cashflows add greater incremental explanatory power for large firms.
Book Synopsis Value Relevance of Earnings and Cash Flows from Operations by : Mohamed Rafik BEN AYED
Download or read book Value Relevance of Earnings and Cash Flows from Operations written by Mohamed Rafik BEN AYED and published by . This book was released on 2006 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The purpose of this study is to examine the information content of accounting earnings and CFO to explain security returns in Tunisian Stock Exchange through the study of their response coefficients and the explanatory power of regression models in the period of 1997 - 2001 (an application of a New Accounting System of Companies). We hypothesis that (i) earnings (CFO) have an incremental information content beyond CFO (earnings) when the two variables are jointly used in return regression, (ii) the response of returns to CFO (earnings) increases (decreases) when earnings is transitory, (iii) security returns response to both earnings and (CFO) will be higher (lower) for high (low) growth firms and (iv) the security returns response to accounting earnings (CFO) are weaker (higher) for large (small) firms. We have introduced market-to-book ratio and market value of equity as additional variables in regression models and as proxies of growth and firm size. Results can not affirm that CFO plays a more important role in marketplace when earnings are transitory. Results in relation to earnings growth and firm size hypothesis show that CFO can join Market-to-Book ratio and market value of equity as proxy of risk.
Book Synopsis Incremental Information Content of Cash Flows by : Cynthia Wilson
Download or read book Incremental Information Content of Cash Flows written by Cynthia Wilson and published by . This book was released on 1993 with total page 33 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Information Content of Earnings and Cash Flows by : Roger Mills
Download or read book The Information Content of Earnings and Cash Flows written by Roger Mills and published by . This book was released on 1997 with total page 70 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis A Study on Relationship Between Earnings Before Tax, Interest and Operational Cash Flows with Stockholders' Equity by : Mohammad Reza Karimi Torghabeha
Download or read book A Study on Relationship Between Earnings Before Tax, Interest and Operational Cash Flows with Stockholders' Equity written by Mohammad Reza Karimi Torghabeha and published by . This book was released on 2014 with total page 8 pages. Available in PDF, EPUB and Kindle. Book excerpt: One of the primary economic issues is associated with optimum resource allocation in profitable investments with reasonable risk. For this purpose, performance measurement's criteria are needed some of which emphasize cash flow variables and some others focus on information content of accounting profit. On this basis, this study examines the relationship between earnings before tax and interest and operational cash flows with stockholders' return in Tehran Stock Exchange (TSE). In this regard, information asymmetry was also examined. To test hypotheses, multivariable regression and combined data method were used. The results showed that based on the information of 102 companies in stock market from 2004 to 2009, there was a positive and significant correlation between earnings before interest and tax and stock return in the companies. While, operational cash flow has no significant impact on stock return. Increasing information asymmetry, earnings before interest and tax has a positive and significant correlation with stockholders 'return; but operational cash flow has no significant effect on stockholders' return. In other words, earnings before interest and tax have higher information content than operational cash flow.
