The impact of cash flows and accruals on belief asymmetry

Arthur, N; Czernkowski, RM; Huynh, T

The impact of cash flows and accruals on belief asymmetry

Arthur, N Czernkowski, RM

Huynh, T

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Publisher:: AFAANZ
Publication Type:: Conference Proceeding
Citation:: 2009 AFAANZ Conference, 2009, pp. 1 - 38
Issue Date:: 2009-01

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Field	Value	Language
dc.contributor.author	Arthur, N	en_US
dc.contributor.author	Czernkowski, RM https://orcid.org/0000-0002-8381-8304	en_US
dc.contributor.author	Huynh, T	en_US
dc.contributor.editor	Faff, R	en_US
dc.date	2009-07-05	en_US
dc.date.issued	2009-01	en_US
dc.identifier.citation	2009 AFAANZ Conference, 2009, pp. 1 - 38	en_US
dc.identifier.issn	1328-780X	en_US
dc.identifier.uri	http://hdl.handle.net/10453/14172
dc.description.abstract	We examine the market-relevance of disaggregating earnings into cash flow and accrual components. Unlike the majority of capital markets accounting research to-date, which has restricted analysis to price effects (returns), we focus on belief asymmetry as our measure of market-relevance. Specifically we examine the effect, which the earnings component disclosure has on the level of belief asymmetry in the market. Our measure of belief asymmetry is based on the model developed by Kim and Verrecchia (1991). Cross-sectional ordinary least square regression models are used to analyse the market response to measures of cash flow and accrual surprise.	en_US
dc.publisher	AFAANZ	en_US
dc.relation.ispartof	2009 AFAANZ Conference	en_US
dc.relation.ispartof	Accounting and Finance Association of Australia and New Zealand Conference	en_US
dc.title	The impact of cash flows and accruals on belief asymmetry	en_US
dc.type	Conference Proceeding
utslib.location	Australia	en_US
utslib.location.activity	Adelaide, Australia	en_US
utslib.for	150103 Financial Accounting	en_US
dc.location.activity	Adelaide, Australia	en_US
pubs.embargo.period	Not known	en_US
pubs.organisational-group	/University of Technology Sydney
pubs.organisational-group	/University of Technology Sydney/Faculty of Business
pubs.organisational-group	/University of Technology Sydney/Faculty of Business/Accounting Discipline
utslib.copyright.status	open_access
pubs.consider-herdc	false	en_US
pubs.place-of-publication	Australia	en_US
pubs.start-date	2009-07-05	en_US

Abstract:

We examine the market-relevance of disaggregating earnings into cash flow and accrual components. Unlike the majority of capital markets accounting research to-date, which has restricted analysis to price effects (returns), we focus on belief asymmetry as our measure of market-relevance. Specifically we examine the effect, which the earnings component disclosure has on the level of belief asymmetry in the market. Our measure of belief asymmetry is based on the model developed by Kim and Verrecchia (1991). Cross-sectional ordinary least square regression models are used to analyse the market response to measures of cash flow and accrual surprise.

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http://hdl.handle.net/10453/14172