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Cash flows, accruals, earnings and earnings permanence are they value relevant


Md Yusof, Mohd 'Atef and Ishak, Rokiah (2005) Cash flows, accruals, earnings and earnings permanence are they value relevant. Project Report. Universiti Utara Malaysia, Sintok. (Unpublished)

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Abstract

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.

Item Type: Monograph (Project Report)
Subjects: H Social Sciences > HF Commerce > HF5601 Accounting
Divisions: College of Business
Depositing User: Dr. Mohd. 'Atef Md Yusof
Date Deposited: 18 Jul 2013 06:59
Last Modified: 18 Jul 2013 06:59
URI: http://repo.uum.edu.my/id/eprint/5974

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