Accruals, cash flows and stock returns: evidence from BIST 100
Yükleniyor...
Tarih
2021
Yazarlar
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
Taylor & Francis
Erişim Hakkı
info:eu-repo/semantics/closedAccess
Özet
The purpose of this study is to determine whether there is a relationship between the accruals, cash flows and stock returns for firms which trade in the BIST 100 index between 2005 and 2017 years. Findings prove that the persistence of the earning is high, and the persistence of cash flows is higher than the persistence of accruals. We find that accruals are negative predictors and cash flows are positive predictors for stock returns. In addition, simultaneously, we conclude that the discount rates and the change in the accruals and cash flows act together.
Açıklama
Anahtar Kelimeler
Accruals, Cash flows, Discount rates, Earning fixation hypothesis, Borsa Istanbul
Kaynak
Macroeconomics and Finance in Emerging Market Economies
WoS Q Değeri
Scopus Q Değeri
Q3
Cilt
Sayı
Künye
Kaya, E. (2021). Accruals, cash flows and stock returns: evidence from BIST 100. Macroeconomics and Finance in Emerging Market Economies, 1-20.
