Casta, Jean-François; Ramond, Olivier; Lin, Stephen - Université Paris-Dauphine (Paris IX) - 2007
income and comprehensive income, provide value-relevant information to investors in Germany, France, Italy, Spain and the UK … that comprehensive income is less value-relevant than both the bottom-line and operating income figures in all the sample … countries. Second, our results show that aggregate other comprehensive income (or dirty surplus flow) is value-relevant and …