Accounting, Cash Flow and Value Relevance

Accounting, Cash Flow and Value Relevance

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Bibliographische Detailangaben
1. Verfasser: Paolone, Francesco (VerfasserIn)
Format: Elektronisch E-Book
Sprache:English
Veröffentlicht: Cham Springer International Publishing AG 2020
Schriftenreihe:SpringerBriefs in Accounting Ser
Schlagworte:
Cash flow
Online-Zugang:DE-2070s
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Inhaltsangabe:
  • Intro
  • Contents
  • Chapter 1: Introduction
  • References
  • Chapter 2: The Cash Flow Statement Under IAS/IFRS
  • 2.1 A Brief History of Cash Flow Reporting Under IAS 7
  • 2.2 The General Content of Cash Flow Statement Under IAS 1
  • 2.3 The Content of IAS 7: Cash Flow Statement
  • 2.4 The Definition of Cash and Cash Equivalents
  • 2.5 The Preparation of Cash Flow Statement
  • 2.6 Specific Issues of Cash Flow Classification
  • 2.6.1 Cash Flows in Foreign Currency
  • 2.6.2 Interest and Dividends Collected/Distributed
  • 2.6.3 Income Taxes
  • 2.6.4 Cash Flows from the Purchase/Sale of Equity Investments
  • 2.6.5 Cash Flows from Acquisition and Disposal of Subsidiaries and/or Other Business Branches
  • 2.6.6 Cash Flows Relating to Public Contributions
  • 2.7 The ''Disclosure Initiative'' of IAS 7
  • 2.8 The Offsetting of Cash Flows
  • 2.9 Conclusions
  • References
  • Chapter 3: The Historical Background of Cash Flow Statement: First Evidences and Contributions
  • 3.1 The First Companies to Present a Report on Cash Flow
  • 3.2 The First Works by Greene (1897) and Cole (1908)
  • 3.3 The Contribution of Finney
  • 3.4 The Next Phase of Finney's Work
  • References
  • Chapter 4: The Value Relevance of Accounting Information and Cash Flows: A Review of Prior Studies and Models
  • 4.1 The Concept of Value Relevance
  • 4.2 The Value Relevance, the Efficiency of the Market and the Transparency
  • 4.3 The Main Models to Assess the Value Relevance
  • 4.3.1 The Price Models: The Ohlson Model (1989)
  • 4.3.2 The Return Models: The Model of Easton and Harris (1991)
  • 4.4 The Value Relevance in the Literature of Accounting
  • 4.5 Theoretical Foundation
  • 4.5.1 The Valuation Theory
  • 4.5.2 The Theory of Value Relevance
  • 4.5.3 The Clean Surplus Theory
  • 4.5.4 The Decision Usefulness Paradigm
  • 4.6 How Cash Flows Explain the Value Relevance
  • References
  • Chapter 5: Data Analysis on EU and US Listed Companies
  • 5.1 Hypothesis Development
  • 5.2 The Sampling Process
  • 5.2.1 First Analysis of the EU Context
  • 5.2.2 Second Analysis of the US Context
  • 5.3 Variables and Model Specification
  • 5.4 Empirical Results
  • 5.4.1 Descriptive Statistics on EU Context
  • 5.4.2 Descriptive Statistics on US Context
  • 5.4.3 Regression Results on EU Context
  • 5.4.4 Regression Results on US Context
  • 5.4.5 Robustness Check
  • 5.5 Conclusion and Discussion
  • References
  • Chapter 6: Concluding Remarks: The Importance of Cash Flow Statement
  • 6.1 The Relevance of the Cash Flow Statement
  • 6.2 The Lack of Information Capacity in the Financial Statements and Accruals in the Interpretation of Financial Reporting
  • 6.3 The Cash Flow as a Tool to Overcome Some Limits
  • 6.3.1 A Tool to Improve ''Disclosure''
  • 6.3.2 A Tool to Overcome the Limits of ''Static'' Representation of Values
  • 6.3.3 A More Suitable Tool for Measuring Insolvency
  • 6.3.4 A More Accurate Tool for Business Evaluation
  • 6.4 The Persistence of Other Limits and a Further Attempt to Overcome Them: The EU Directive 95/2014 and the Integrated Report...
  • 6.5 Concluding Remarks
  • References
  • Appendices
  • B.1 VIF Test on EU Companies
  • B.2 VIF Test on US Companies
  • C.1 Scatter Plot Graphs with MVPS (Dependent Variable) and BVPS, EPS, and CFO (EU Companies)
  • C.2 Scatter Plot Graphs with MVPS (Dependent Variable) and BVPS, EPS, and CFO (US Companies)
  • D.1 List of EU Companies Included in the Analysis
  • D.2 List of US Companies Included in the Analysis

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