Purpose – In response to recent concerns on earnings quality and a firm's fundamental performance, the purpose of this … paper is to re-examine salient questions under accrual accounting: how earnings quality affects the role of earnings and … authors contrast the effects of three representative accrual-based earnings quality measures on the association between …

Purpose – The purpose of this paper is to examine the informational content of retained and distributed earnings for … act as if the components of retained earnings (current operating accruals, non-current operating accruals and retained … persistence. It also appears that while they cannot distinguish between the distinct properties of distributed earnings, they …

: namely, earnings before extraordinary items, net cash flow from operations and residual income. A related empirical question … and accounting adjustments. Relative information content tests reveal returns to be more closely associated with earnings … information content tests suggest that EVA® adds more explanatory power to earnings than either net cash flow or residual income …