The relation between earnings and cash flows
نویسندگان
چکیده
منابع مشابه
Earnings, Cash Flows and Ex post Intrinsic Value of Equity
This paper examines the relative importance of earnings and operating cash flows in equity valuation. In contrast to previous studies that use stock returns or future operating cash flows, we use ex post intrinsic value of equity as the criterion for comparison. Ex post intrinsic value of equity is determined adopting both the discounted dividend and residual income models with ex post (future)...
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Impact of Institutional Ownership and Board Independence on the Relationship Between Excess Free Cash Flow and Earnings Management
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ژورنال
عنوان ژورنال: Journal of Accounting and Economics
سال: 1998
ISSN: 0165-4101
DOI: 10.1016/s0165-4101(98)00020-2