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The Quality of Street Cash Flow from Operations

SSRN Electronic Journal, 2012
We provide empirical evidence on the quality of street cash flow from operations (CFO) as an alternative financial performance summary measure. We focus our investigation on the quality of the items analysts exclude in their determination of street CFO. Based on a sample of 8,518 firm-year observations over the 1993-2008 period, we find that the street
Nerissa C. Brown   +1 more
openaire   +1 more source

The relative information content of operating and financing cash flow in the proposed cash flow statement

Accounting and Finance, 2010
AbstractThis study compares the relative information content of the new specifications of operating and financing cash flow as proposed jointly by the IASB and the FASB with the specifications in SFAS No. 95. A unique feature of the study is the use of the Siegel and Biddle (1994) test of relative information content.
Rick N Francis
exaly   +2 more sources

The prediction of future cash flows based on operating cash flows, earnings and accruals in the French context

open access: yesJournal of Behavioral and Experimental Finance, 2020
This study investigates the aptitudes of the cash-based and accrual-based accounting data for predicting future cash flows from operations in the French context. In addition, our paper aims to investigate the effect of the economic crisis on the prediction of future cash flow.
Ousama Abdulrahman Anam, Rami Zeitun
exaly   +3 more sources

Negative operating cash flows and investment inefficiency

Managerial Finance, 2021
PurposeThe purpose of this paper is to identify whether negative operating cash flows are related to investment inefficiency, and specifically whether they are related to subsequent overinvestment and if this relationship is driven by agency problems within the firm.Design/methodology/approachThe study conducts fixed effect regressions, testing the ...
Chris Harris, Zhe Li
openaire   +1 more source

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