The value relevance of direct cash flows under international financial reporting standards

Article English OPEN
Clacher, I; de Ricquebourg, AD; Hodgson, A;
(2013)
  • Publisher: Wiley

This study examines if there has been a change in the value relevance of direct cash flow components since the adoption of International Financial Reporting Standards (IFRS) in Australia. Our results show that for both industrial and extractive firms direct cash flow st... View more
  • References (47)
    47 references, page 1 of 5

    Aharony, J., R. Barniv and H. Falk, 'The Impact of Mandatory IFRS Adoption on Equity Valuation of Accounting Numbers for Security Investors in the EU', European Accounting Review, Vol. 19, No. 3, 2010.

    Arthur, N., M. Cheng and R. Czernkowski, 'Cash Flow Disaggregation and the Prediction of Future Earnings', Accounting & Finance, Vol. 50, No. 1, 2010.

    Arthur, N., and G. C.-H. Chuang, IAS 7 Alternative Methods of Disclosing Cash Flow from Operations: Evidence on the Usefulness of Direct Method Cash Flow Disclosures, Working Paper, The University of Sydney, 2008.

    Ball, R., 'International Financial Reporting Standards (IFRS): Pros and Cons for Investors', Accounting & Business Research, Vol. 36, 2006.

    Barth, M. E., W. H. Beaver and W. R. Landsman, 'The Relevance of the Value Relevance Literature for Financial Accounting Standard Setting: Another View', Journal of Accounting and Economics, Vol. 31, Nos 1-3, 2001.

    Barth, M. E., and G. Clinch, 'Revalued Financial, Tangible, and Intangible Assets: Associations with Share Prices and Non-Market-Based Value Estimates', Journal of Accounting Research, Vol. 36, 1998.

    --, 'Scale Effects in Capital Markets-Based Accounting Research', Journal of Business Finance & Accounting, Vol. 36, Nos 3-4, 2009.

    Barth, M. E., D. P. Cram and K. K. Nelson, 'Accruals and the Prediction of Future Cash Flows', The Accounting Review, Vol. 76, No. 1, 2001.

    Barth, M. E., W. R. Landsman and M. H. Lang, 'International Accounting Standards and Accounting Quality', Journal of Accounting Research, Vol. 46, No. 3, 2008.

    Bissessur, S., and A. Hodgson, 'Stock Market Synchronicity-An Alternative Approach to Assessing the Information Impact of Australian IFRS', Accounting & Finance, Vol. 52, No. 1, 2012.

  • Metrics
Share - Bookmark