Earnings asymmetric timeliness in recognizing losses versus gains is the most commonly used measure of conditional accounting conservatism. However, this measure captures both accrual asymmetric timeliness and operating cash flow (CFO) asymmetric timeliness. Because cash flow asymmetry is not...

This study examines whether the association between selected governance variables and earnings informativeness depends on surplus free cash flow agency problem in the Malaysian environment, where concentrated shareholding by family members is common and minority investor protection is relatively...

One of most fundamental economic issues is optimal resource allocation towards productive investment with rational risk-taking. In doing so, there is a need to performance evaluation indices, some of which emphasize upon cash flow variables and some others upon information contents of accounting...