Cash flows, accruals, earnings and earnings permanence are they value relevant
We investigated the issue of whether cash flows components and accruals are value-relevant beyond earnings in Malaysia following the announcement of new accounting standard MASB 5 Cash Flows Statement (FRS107). Based on a sample of 337 observations from 1999-2000, results from pooled OLS regression...
| Main Authors: | , |
|---|---|
| Format: | Monograph |
| Language: | English |
| Published: |
Universiti Utara Malaysia
2005
|
| Subjects: | |
| Online Access: | https://repo.uum.edu.my/id/eprint/5974/1/CASH_FLOWS%2C_ACCRUALS%2C_EARNINGS_AND_EARNINGS.pdf |
| Summary: | We investigated the issue of whether cash flows components and accruals are value-relevant beyond earnings in Malaysia following the announcement of new accounting standard MASB 5 Cash Flows Statement (FRS107). Based on a sample of 337 observations from 1999-2000, results from pooled OLS regression provides support for superiority of earnings over cash flows information over three different stock return models. In addition, we ran first- differenced estimation and found that cash flows from financing and investing are more value-relevant than cash flows from operation. |
|---|