Accounting, Cash Flow and Value Relevance

AvFrancesco Paolone

Häftad, Engelska, 2020

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Beskrivning

Although the concept “Cash is King” is today widely recognized, the cash flow statement was rather neglected until the EU accounting regulators discovered its relevance in explaining the real value of the business. This book investigates the value relevance of the operating cash flow as reported under the International Financial Reporting Standards (IAS/IFRS) for the largest European listed companies and US listed companies in the past recent years. Using the model based on the valuation theory developed by Ohlson, which measures the market value of equity as a function of accounting variables, the author concludes that operating cash flow represents a significant variable in determining the value relevance of the largest European and US listed companies. These findings provide siginificant implications for standard setters and support the continued requirements for disclosure of cash flow information under IAS 7.

Produktinformation

Utgivningsdatum:2020-07-30
Mått:155 x 235 x 8 mm
Vikt:201 g
Format:Häftad
Språk:Engelska
Serie:SpringerBriefs in Accounting
Antal sidor:111
Förlag:Springer Nature Switzerland AG
ISBN:9783030506872

Utforska kategorier

Finansiering inom Ekonomi och Ledarskap
Redovisning inom Ekonomi och Ledarskap

Mer om författaren

Francesco Paolone holds a degree in Business Administration and Management at Bocconi University. He is Associate Professor at Mercatorum University and Adjunct Professor at LUISS Univeristy in Rome. He has been Visiting Professor at ESCP Europe Business School in London campus and Visiting Researcher at Aalborg University in Denmark. His research profiles are mainly focused on International and Financial Accounting, Corporate Governance and Business Models. He is currently on the Editorial Board of different peer-reviewed journals of Accounting and Financial Management. He is chartered accountant and legal auditor.

Innehållsförteckning

Introduction.- The Cash Flow Statement under IAS/IFRS.- The historical background of Cash Flow Statement: first evidences and contributions.- The Value Relevance of accounting information and cash flows: a review on prior studies and models.- Data analysis on EU and US listed companies.- Concluding remarks: the importance of Cash Flow Statement.