Accounting, Cash Flow and Value Relevance /

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Bibliographic Details
Author / Creator:Paolone, Francesco, author.
Imprint:Cham, Switzerland : Springer, [2020]
Description:1 online resource
Series:SpringerBriefs in Accounting
SpringerBriefs in accounting.
Subject:Cash flow.
Corporations -- Accounting.
Cash flow.
Corporations -- Accounting.
Electronic books.
Electronic books.
Format: E-Resource Book
URL for this record:
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Digital file characteristics:text file PDF
Notes:Includes bibliographical references.
Description based on online resource; title from digital title page (viewed on September 01, 2020).
Summary: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.
Other form:Print version: 3030506878 9783030506872
Standard no.:10.1007/978-3-030-50