A study on the relationship between operational cash flow and the return of stockholders
Performance measurement in managerial accounting is normally associated with cash flow and it is executed based on different figures such as testing information content abuse and accounting figures. However, increasing the information content in accrual components of earning and internal performance...
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| Format: | Article |
| Language: | English |
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Growing Science
2014-07-01
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| Series: | Management Science Letters |
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| Online Access: | http://www.growingscience.com/msl/Vol4/msl_2014_159.pdf |
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| _version_ | 1850253974896115712 |
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| author | Hassan Ghodrati Hassan Abyak |
| author_facet | Hassan Ghodrati Hassan Abyak |
| author_sort | Hassan Ghodrati |
| collection | DOAJ |
| description | Performance measurement in managerial accounting is normally associated with cash flow and it is executed based on different figures such as testing information content abuse and accounting figures. However, increasing the information content in accrual components of earning and internal performance measurement provides additional informative insights. This paper studies the relationship between operating cash flows and earnings along with total shareholder returns. The study chooses the information of 54 firms from Tehran Stock Exchange. The results show that there were some meaningful relationship between the operating cash flow, profitability and the returns of all stakeholders. However, this happens by increasing profitability and cash flow of information asymmetry proportion to their correlation with the economic efficiency of shareholders’ returns. |
| format | Article |
| id | doaj-art-55cc37e008d2429faed14cbfc7a2cf32 |
| institution | OA Journals |
| issn | 1923-2934 1923-9343 |
| language | English |
| publishDate | 2014-07-01 |
| publisher | Growing Science |
| record_format | Article |
| series | Management Science Letters |
| spelling | doaj-art-55cc37e008d2429faed14cbfc7a2cf322025-08-20T01:57:15ZengGrowing ScienceManagement Science Letters1923-29341923-93432014-07-01471551155810.5267/j.msl.2014.6.003A study on the relationship between operational cash flow and the return of stockholdersHassan GhodratiHassan AbyakPerformance measurement in managerial accounting is normally associated with cash flow and it is executed based on different figures such as testing information content abuse and accounting figures. However, increasing the information content in accrual components of earning and internal performance measurement provides additional informative insights. This paper studies the relationship between operating cash flows and earnings along with total shareholder returns. The study chooses the information of 54 firms from Tehran Stock Exchange. The results show that there were some meaningful relationship between the operating cash flow, profitability and the returns of all stakeholders. However, this happens by increasing profitability and cash flow of information asymmetry proportion to their correlation with the economic efficiency of shareholders’ returns.http://www.growingscience.com/msl/Vol4/msl_2014_159.pdfAccounting FiguresPerformance CriteriaTotal Shareholder Return |
| spellingShingle | Hassan Ghodrati Hassan Abyak A study on the relationship between operational cash flow and the return of stockholders Management Science Letters Accounting Figures Performance Criteria Total Shareholder Return |
| title | A study on the relationship between operational cash flow and the return of stockholders |
| title_full | A study on the relationship between operational cash flow and the return of stockholders |
| title_fullStr | A study on the relationship between operational cash flow and the return of stockholders |
| title_full_unstemmed | A study on the relationship between operational cash flow and the return of stockholders |
| title_short | A study on the relationship between operational cash flow and the return of stockholders |
| title_sort | study on the relationship between operational cash flow and the return of stockholders |
| topic | Accounting Figures Performance Criteria Total Shareholder Return |
| url | http://www.growingscience.com/msl/Vol4/msl_2014_159.pdf |
| work_keys_str_mv | AT hassanghodrati astudyontherelationshipbetweenoperationalcashflowandthereturnofstockholders AT hassanabyak astudyontherelationshipbetweenoperationalcashflowandthereturnofstockholders AT hassanghodrati studyontherelationshipbetweenoperationalcashflowandthereturnofstockholders AT hassanabyak studyontherelationshipbetweenoperationalcashflowandthereturnofstockholders |