Accounting and cash flow variables as determinants of stock returns : a predictive model

• Main Authors: Boon, Kian Khoon, Kang, Yew Keong, Leow, Wee Kiat
• Other Authors: Choong, Edmund Chewn Seng
• Format: Final Year Project
• Published: 2008
• Subjects: DRNTU::Business::Accounting::Cash flow
• Online Access: http://hdl.handle.net/10356/9466
• Institution: Nanyang Technological University

This paper re-examines Ou and Penman (1989a)'s conclusion that an extensive analysis of financial statements identifies one-year ahead earnings changes, with the inclusion of 18 additional cash flow descriptors.