journal of accounting advances (j.a.a) vol. 5, no. 1, 2013, ser. 64/3     extended abstract   a study of characteristics of interim cash flow series and their proxies and the ability to predict them            dr. m. a. aghaei              v. ahmadian             f. daviran tarbiat modares university   introduction the predicting of annual and interim cash flows from operations is one of the mo...

This paper examines the relative importance of earnings and operating cash flows in equity valuation. In contrast to previous studies that use stock returns or future operating cash flows, we use ex post intrinsic value of equity as the criterion for comparison. Ex post intrinsic value of equity is determined adopting both the discounted dividend and residual income models with ex post (future)...

We extend the Barth, Cram, and Nelson (2001) model with disaggregated accruals by investigating whether cash flow components (core and non-core cash flows) improve cash flow predictability. BCN investigate the role of accrual components in predicting future cash flows while this study extends their study by investigating the role of cash flow components. We propose a cash flow prediction model ...

This study examines the rounding phenomenon in operating cash flows for firms listed three major U.S. stock exchanges (i.e., New York Stock Exchange, NASDAQ, and American Exchange) Over-the-Counter (OTC) market. It finds that round￾up earnings, but they do not round-up flows; while OTC market both earnings flows. Overall, results from this provide consistent evidence have incentives to round up...

the current study aims to review the cross sectional variation in cash flow asymmetric timeliness and its effect on conditional conservatism. in this study, data from 120 firms in tehran stock exchange for the period spanning 1384- 1390 were examined. the regression model used in this research is panel data method with fixed effects approach. the most common measure of conditional conservatism ...

We construct empirical proxies for cash-flow timing and matching problems and provide evidence on the ability of this accrual generating factor to explain accruals. Researchers lament our meager understanding of the process that spawns accruals (Owens et al., 2013, Ball, 2013, McNichols, 2000). Our aim is to map the explanatory power boundaries demarcated by our current knowledge of the role of...

We model the interplay between cash and debt policies in the presence of financial constraints. While saving cash allows constrained firms to hedge against future cash flow shortfalls, reducing current debt – “saving borrowing capacity” – is a more effective way of securing investment in high cash flow states. This trade-off implies that constrained firms will allocate cash flows into cash hold...