Title of article
The incremental information content of earnings, working capital from operations, and cash flows
Author/Authors
Banifatemi Kashi، Simin نويسنده Department of Management and Accounting, South Tehran Branch, Islamic Azad University, Tehran, Iran , , Hamidian، Mohsen نويسنده Assist. Prof. & Faculty Member, Department of Accounting, School of Management and Accounting, South Tehran Branch, Islamic Azad University (IAU), Tehran, Iran , , Baghani، Ali نويسنده Department of Management and Accounting, South Branch, Islamic Azad University, Tehran, Iran ,
Issue Information
ماهنامه با شماره پیاپی 45 سال 2015
Pages
6
From page
889
To page
894
Abstract
This paper presents an empirical study to determine the effects of different factors including present profit, depreciation, working capital, operating cash flow and other accruals on future earnings stability. The study selects the information of 124 selected firms from Tehran Stock Exchange over the period 2006-2012. Using two regression analysis, the study has determined that as the fluctuation of profit increases, the profitability increases too. In addition, the study has concluded that firms with minimum fluctuations preserve more stable profitability. Moreover, firms with higher fluctuation in profitability maintain more volatile profitability for the next consecutive period.
Journal title
Management Science Letters
Serial Year
2015
Journal title
Management Science Letters
Record number
2123912
Link To Document