Essays about: "operating cash flows"

Showing result 1 - 5 of 18 essays containing the words operating cash flows.

  1. 1. The value relevance of earnings vs. cash flows during crises: Evidence from German companies during the COVID-19 pandemic

    University essay from Handelshögskolan i Stockholm/Institutionen för redovisning och finansiering

    Author : Jan Prins; Xinyue Zhang; [2022]
    Keywords : Value relevance; Earnings; Cash flows; COVID-19; Germany;

    Abstract : This paper investigates the value relevance of earnings and operating cash flows during the COVID-19 pandemic in the German market. In a single-country study, we distinguish between two characteristics of value relevance: 1) the explanatory power and 2) the informative value, for stock returns. READ MORE

  3. 2. Earnings management during the COVID-19 pandemic

    University essay from Handelshögskolan i Stockholm/Institutionen för redovisning och finansiering

    Author : William Tekin; Samuel Philip; [2022]
    Keywords : earnings management; covid-19; accrual-based earnings management; real earnings management; modified jones model;

    Abstract : In this study, the impact of the COVID-19 pandemic on the usage of earnings management in a sample of public, European firms is examined. We employ models to estimate both accrual-based and real earnings management. READ MORE

  4. 3. Overvalued stock: M&A or SEO? A study of the performance and decision making of overvalued firms.

    University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

    Author : Georges Chalami; Lucas Aras; [2019]
    Keywords : Overvaluation; mergers and acquisitions; seasoned equity offerings; operating performance; firm characteristics;

    Abstract : This study examines two ways of exploiting overvalued stock by US firms: Conducting a seasoned equity offering (SEO) or a stock swap acquisition. As market misvaluations provide short-term opportunities for managers to receive large potential gains, the decision of how to utilize stock overvaluation can have a significant impact on the value created. READ MORE

  5. 4. Swedish firms' untimely financial reporting : A study of goodwill impairment as a tool used to mislead financial users

    University essay from Uppsala universitet/Företagsekonomiska institutionen

    Author : Viktor Axelsson; Ludvig Eriksson; [2019]
    Keywords : Earnings management; Real activities management; Cash flow manipulation; Untimely reporting; Goodwill impairment;

    Abstract : The transition to the IFRS framework has contributed to changes in the handling of goodwill. The yearly impairment test has contributed with subjectivity in the measurements resulting in fewer but larger impairments. READ MORE

  6. 5. Long-Term Effects of Distributed Profit Taxation on Firms: Evidence from Estonia

    University essay from Lunds universitet/Företagsekonomiska institutionen

    Author : Panu Pikkanen; Kaisa Vaino; [2018]
    Keywords : Corporate taxation; Leverage; Liquidity; Investment; Dividends; Business and Economics;

    Abstract : The study contributes to a body of research on a specific corporate taxation system, distributed profit taxation, by examining whether the system has affected corporate behavior in the long term and if it has, to what extent. The results partly corroborate previous literature but provide new evidence on the long-term effects of distributed profit taxation. READ MORE