González Sánchez, Mariano; Ibáñez Jiménez, Eva M.; … - In: Cogent business & management 9 (2022) 1, pp. 1-16
Previous studies show that, in common-law countries, the explanatory power of stock returns is higher using cash flows than earnings and accruals, while the opposite is true in code-law countries. Moreover, the literature has shown the existence of a country-specific effect motivated by...
