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Investigating the Focus of Investors on the persistence of Accruals and Cash Flows in Loss Reporting Years
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Mohsen Sadeghi1   , Mohsen Dastgir *2 , Hadi Amiri2 |
1- Islamic Azad University, Isfahan (Khorasgan) Branch
2- Isfahan University |
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Abstract: (3000 Views) |
This research studies the persistence of accruals and cash flows and pricing them by investors. So, Sloan theory (1996) and functional fixation theory have been used.
The research method is simultaneous equation. The statistical sample consists of 66 companies listed in the Tehran Stock Exchange and the time domain is from 1382 to 1395. To determine the data layout, the Limer and Hausman tests were used and to test the hypotheses t-Student test and Wald test were used.
The results show that the persistence of accruals is less than cash flows and investors consider lower persistence of accruals than cash flows, but less persistence of accruals in net loss reporting years and less persistence of accruals than cash flows in net loss reporting years were not approved.
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| Keywords: Accruals, cash flows, earning persistence, net loss |
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Full-Text [PDF 728 kb]
(1186 Downloads)
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Type of Study: Research |
Subject:
Special
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