Reporting of Investment Expenditure: Should It Be Aggregated with Operating Cash Flows?

نویسندگان

چکیده

ABSTRACT Corporate managers are often better informed than outside investors about the uncertain future benefits of investments. However, information investment prospects is not verifiable and therefore amenable to direct disclosure, but instead inferred by from other accounting disclosures. Given this situation, we study normative question how market’s perceptions uncertainty its beliefs expected level should factor into mandatory financial reports expenditures. We establish a threshold in beyond which it aggregate expenditures with cash flow ongoing operations, rather measuring reporting two separately. obtain surprising result that higher expectation benefits, lower be. JEL Classifications: M40; M41; M48.

برای دانلود باید عضویت طلایی داشته باشید

برای دانلود متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید

اگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید

منابع مشابه

Resource Investment Problem with Discounted Cash Flows

A resource investment problem is a project-scheduling problem in which the availability levels of the resources are considered as decision variables and the goal is to find a schedule, and resource requirement levels, such that some objective function optimizes. In this paper, we consider a resource investment problem in which the goal is to maximize the net present value of the project cash fl...

متن کامل

Resource Investment Problem With Discounted Cash Flows

A resource investment problem is a project-scheduling problem in which the availability levels of the resources are considered decision variables and the goal is to find a schedule and resource requirement levels such that some objective function optimizes. In this paper, we consider a resource investment problem in which the goal is to maximize the net present value of the project cash flows. ...

متن کامل

Meta-Searching: Should Search Engine Rankings be Aggregated

As the Internet grows and search engines proliferate the design of meta-search engines has received increasing attention. We consider the utility of meta-search engines and rank aggregation of ranked lists from different search engines. We designed and implemented a flexible Java tool, called EnCore, to: (i) gather the ranked lists of URLs corresponding to a query from up to five different sear...

متن کامل

ذخیره در منابع من


  با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید

ژورنال

عنوان ژورنال: The Accounting Review

سال: 2023

ISSN: ['1558-7967', '0001-4826']

DOI: https://doi.org/10.2308/tar-2019-0287