The objective of this paper is to investigate the impact coronavirus disease 2019 (COVID-19) on financial performance and cash holdings Chinese agri-food companies. We also examine whether or not company ownership, affected areas, leverage level affect relationship. empirical results show that COVID-19 outbreak has had no significant cash-holding In addition, state-owned companies enhanced duri...

The practice of income smoothing is a form dysfunctional behavior in earnings management that rife this era rapid business development, where managers intentionally change the company's financial statements with aim flattening value over several periods to make it look stable. considered as solution very unstable profit conditions. This study aims examine effect cash holding, net margin, and le...

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)...