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The supplemental role of operating cash flows in explaining share returns: Effect of various measures of earnings quality

Cheng, C.S. Agnes; Johnston, Joseph; Liu, Cathy Zishang - In: International Journal of Accounting and Information … 21 (2013) January, pp. 53-71

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 …

Persistent link: https://www.econbiz.de/10010610613

The implications of retained and distributed earnings for future profitability and stock returns

Papanastasopoulos, Georgios; Thomakos, Dimitrios; Wang, Tao - In: Review of Accounting and Finance 9 (2010) November, pp. 395-395

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 …

Persistent link: https://www.econbiz.de/10008830011

Exchange Rate Risk Measurement and Management; Issues and Approaches for Firms

Papaioannou, Michael G. - International Monetary Fund (IMF) - 2006

exchange rate movements, which could adversely affect profit margins and the value of assets. This paper reviews the …

Persistent link: https://www.econbiz.de/10005825991

Transparency in Central Bank Financial Statement Disclosures

Sullivan, Kenneth - International Monetary Fund (IMF) - 2000

The IMF’s development of the code of good practices on transparency in monetary and financial policies and introduction of safeguard assessments has increased the importance of the transparency of the disclosures found in central bank financial statements. This study looks at the disclosure...

Persistent link: https://www.econbiz.de/10005599735

Can Covered Bonds Resuscitate Residential Mortgage Finance in the United States?

Surti, Jay - International Monetary Fund (IMF) - 2010

This paper considers the case for mortgage covered bonds as an alternative to the originate-to-distribute mortgage funding model. It argues that the economic incentives provided to market participants under the covered bonds model are less susceptible to moral hazard even while retaining the key...

Persistent link: https://www.econbiz.de/10008777017

Germany; Technical Note on the Future of German Mortgage-Backed Covered Bond (PF and Brief) and Securitization Markets

International Monetary Fund (IMF); International … - 2011

As part of the 2011 Financial Sector Assessment Program (FSAP) update for Germany, this Technical Note reviews recent developments of mortgage-covered bond (Pfandbrief) and mortgage securitization markets in Germany, and explores future prospects for each against the background of ongoing...

Persistent link: https://www.econbiz.de/10011243446

How Much Leverage is too Much, or Does Corporate Risk Determine the Severity of a Recession?

Ivaschenko, Iryna V. - International Monetary Fund (IMF) - 2003

Economic theory suggests that vulnerable financial conditions of the corporate sector can trigger or worsen an economy-wide recession. This paper proposes a measure of corporate vulnerability, the Corporate Vulnerability Index (CVI) and analyses whether it can explain the probability and...

Persistent link: https://www.econbiz.de/10005599303

Corporate Financial Structure and Financial Stability

Stone, Mark R.; Davis, E. P. - International Monetary Fund (IMF) - 2004

This paper uses flow-of-funds and balance sheet data to analyze the impact of financial crises on corporate financing and GDP in a range of countries. Post-crisis GDP contractions are mainly accounted for by declines in investment and inventory and are more severe for emerging market countries....

Persistent link: https://www.econbiz.de/10005599642

Investment Spending in the Netherlands : The Impact of Liquidity and Corporate Governance

Degryse, Hans; de Jong, A. - Tilburg University, Center for Economic Research - 2000

This paper examines the relation between cash flow, corporate governance and fixed-investment spending. In perfect capital markets we expect no systematic relationship. However, Myers and Majluf's (1984) asymmetric information hypothesis and Jensen's (1986) managerial discretion hypothesis...

Persistent link: https://www.econbiz.de/10011091177

ТРЕНДОВЫЙ АНАЛИЗ ДЕНЕЖНЫХ ПОТОКОВ КАК СРЕДСТВО ИНФОРМАЦИОННОГО ОБЕСПЕЧЕНИЯ ПРОЦЕССА БЮДЖЕТИРОВАНИЯ В УПРАВЛЕНЧЕСКОМ УЧЁТЕ...

ЯКОВЛЕВИЧ, САЛЫГА СЕРГЕЙ; … - In: Бизнес Информ (2012) 3, pp. 178-187

В статье при помощи трендового анализа на основе движения денежных потоков по операционной, инвестиционной и финансовой деятельностей спрогнозировано...

Persistent link: https://www.econbiz.de/10011216449

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