CHEN, JEFF ZEYUN; SHANE, PHILIP B. - In: Journal of Accounting Research 52 (2014) 3, pp. 599-634
type="main" <title type="main">ABSTRACT</title> <p>This paper decomposes the cash component of earnings and analyzes persistence characteristics and pricing implications of various subcomponents, with particular attention to changes in cash. Changes in underlying fundamentals might dictate changes in cash to new optimal...</p>
