The role of leverage and stock-based variables in the prediction of cash flows and earnings – some evidence from India
by Santanu Das
Afro-Asian J. of Finance and Accounting (AAJFA), Vol. 3, No. 1, 2012

Abstract: One of the objectives of accounting reporting system is to provide the analysts a true picture of the firm's financial position. Recognising this importance, the International Accounting Standards Board has prescribed IAS 7 (cash flow statement). Many studies have been carried out to assess the usefulness of cash flows in the prediction of future cash flows or more specifically profitability. This paper focuses on some other determinants of future profitability apart from the components of net income. It finds that the debt-equity ratio of a firm is also a deciding factor among the accrual components and past earnings.

Online publication date: Sat, 06-Apr-2013

The full text of this article is only available to individual subscribers or to users at subscribing institutions.

 
Existing subscribers:
Go to Inderscience Online Journals to access the Full Text of this article.

Pay per view:
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.

Complimentary Subscribers, Editors or Members of the Editorial Board of the Afro-Asian J. of Finance and Accounting (AAJFA):
Login with your Inderscience username and password:

Username:        Password:          Forgotten your password?

Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.

If you still need assistance, please email subs@inderscience.com