Do Stock Prices Fully Reflect Information in Accruals and Cash Flows About Future Earnings?

1996-07-01articleThe Accounting Review2,636 citationsgreen

No readable copy stored yet — this record is metadata only.

Auditing, Earnings Management, Governance Financial Markets and Investment Strategies Financial Reporting and Valuation Research

Abstract

Abstract Investigates whether stock prices reflect information about future corporate earnings contained in accrual and cash flow components of currents earnings. Relationship of current earnings performance on the magnitude of cash and accrual flows; Relationship between the accrual and cash flow of earnings.

Citations in this library

Stored only when both papers are in the corpus — 2,636 citations exist upstream.

Cited by

2005The economic implications of corporate financial reporting

2010Understanding earnings quality: A review of the proxies, their determinants and their consequences

2005The market pricing of accruals quality

2008Annual report readability, current earnings, and earnings persistence

2001Capital markets research in accounting

2001Investor Psychology and Asset Pricing

2003Limited attention, information disclosure, and financial reporting

2015… and the Cross-Section of Expected Returns