Return to search

Accruals,Cash flows,and Equity value

Ohlson(1995) and Feltham and Ohlson (1995) explain the importance of the financial reports through clean surplus relation and build up the relationship of market value, book value and earnings. The main structure of Ohlson model is the balance sheet and the income statement; however, the model doesn¡¦t contain the information of cash flows. The purpose of this paper is to find the relationship of accruals, cash flows, and market value.
The results of this paper show that to divide net income into accruals and cash flows is good at forecasting abnormal earnings and valuing market value. To divide accruals into separate accruals also is helpful to forecast abnormal earnings and value market value. The cash flows and the accruals are different at forecasting and valuing.
Key words¡GAccruals, Cash Flows, Market Value

Identiferoai:union.ndltd.org:NSYSU/oai:NSYSU:etd-0607104-150829
Date07 June 2004
CreatorsLin, Wen-Fan
ContributorsHenry Y. Lo, Miao-Ling Chen, David Shyu
PublisherNSYSU
Source SetsNSYSU Electronic Thesis and Dissertation Archive
LanguageCholon
Detected LanguageEnglish
Typetext
Formatapplication/pdf
Sourcehttp://etd.lib.nsysu.edu.tw/ETD-db/ETD-search/view_etd?URN=etd-0607104-150829
Rightsunrestricted, Copyright information available at source archive

Page generated in 0.0018 seconds