Analyzing the Impact of Cash Flows and Accruals on Stock Returns

Document Type



Published by the American Academy of Accounting & Finance Research in the Journal of Accounting and Finance Research, volume 13 issue 5, 2005. Bryant users may access this article here.

Publication Source

Journal of Accounting and Finance Research


The influence of cash flows and accruals on stock returns are studied using cross-sectional time-series analysis. Methodological issues are considered so that pooled data from a large cross-section of firms over a decade in time can be analyzed.