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The objective of this paper is to compare the ability of a range of reported earnings and cash flow measures to reflect … firm performance. This involves evaluation of a wide range of performance measures, including earnings numbers calculated … in accordance with existing accounting regulation, earnings numbers that are said to reflect core operating performance …
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In this paper we use balance-sheet data and information on bankruptcy to study the relationship between investment, financial constraints, and bankruptcy in a posttransition country. Our data constitute a dynamic panel and cover the period 2006-2011, which also allows us to study the impact of...
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