This Study seeks to scrutinize whether surplus free cash flow is correlated with earnings management, if auditor size moderates this relationship. To do so, modified Jones discretionary accrual model (1995) and audit firm size are used as audit quality indicator to measure earnings management. The research hypotheses are built upon a sample of 103 companies listed on the Tehran Stock Exchange d...

Cash-flow Notation: We use (c0, c1, . . . , ci, . . . , cn) to denote the series of cash-flows where ci is received at time t = i . The length of a period, i.e. the interval of time between t = i and t = i + 1, will usually be understood from the context. Negative cash-flows refer to cash payments. The initial cash-flow, c0, will often be negative while the remaining cash-flows are positive. Th...

this paper investigates the link between accrual and cash flow components of earnings and future abnormal earnings and equity values. the base of tests in this paper is ohlson (1999) model and net income, equity book value and return on equity book value, is the variables that used in this paper. the statistical population of this research is the firms accepted in the tehran stock exchange that...

However, the free cash flows scale is important for the financial health of the company, but it has also its own limitations. Moreover, it’s not immune from accounting tricks. Free cash flows can be considered as a measure of value for shareholders of listed companies on Tehran Stock Exchange. The managers of these companies have tended to use the earnings management for managing the free cash ...

This paper provides new evidence on the predictive power of dividend yields for U.S. aggregate stock returns. Following Miller and Modigliani, we construct a measure of the dividend yield that includes all cash flows to shareholders. We show that this alternative cash-flow yield has strong and stable predictive power for returns, and appears robust to a battery of tests that have been proposed ...

after-tax cash flows to differ from its before-tax cash flows. To estimate the future cash flows that are to be generated by a proposed foreign project (such as the establishment of a new subsidiary or the acquisition of a foreign firm), MNCs must first estimate the taxes that they will incur due to the foreign project. This appendix provides a general background on some of the more important i...

This study has the aim of sizzling, analyzing and operating flow net income on stock returns in 2016-2019 agricultural sector. uses secondary data contained Indonesia Stock Exchange. With sample technique carried out by author, authors obtained a this as many 8 companies from 21 sector, with annual flows to returns, resulting 32 study. The results showed that partially Operating Cash Flow no ef...

This study aims to determine the effect of Net Profit, Cash Flow Components, and Firm Size on stock price banking companies during Pandemic Covid-19 (Case Study at conventional banks listed Indonesia Stock Exchange for 2020-2021). The data used in this is panel sourced from financial statements published by (IDX) 2020-2021 period. population was a bank period, with sampling method purposive so ...

The capital market is a place where investors invest their in the hope of return form on investment. Investors use financial reports investing but cannot analyze stock returns that will be received starting operating cash flow, investment and funding flow. method used quantitative with multiple linear regression tests using eviews data processing application. results this study. coefficient X1 ...