Title: The Association of Operating Cash Flow and Accruals with Security Returns
Abstract:The relative association of operating cash flows and accounting earnings with security returns is addressed in several research papers. Any information that earnings provide about operating activities...The relative association of operating cash flows and accounting earnings with security returns is addressed in several research papers. Any information that earnings provide about operating activities that is incremental to the information provided by cash flows is a function of the accrual adjustment process that transforms cash flows into earnings. The usefulness and reliability of accruals in a valuation context has been challenged by members of the financial community.1 The accrual process is criticized because it is based on historical cost and because reportedRead More
Publication Year: 1986
Publication Date: 1986-01-01
Language: en
Type: article
Indexed In: ['crossref']
Access and Citation
Cited By Count: 406
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