Detail The Relationship between Dividend Changes and Cash Flow: An Empirical Analysis (in Journal of Business Finance & Accounting, 21(4)) Bibliografi Author: Simons, Kathleen Topik: Cash Flow; Cash Dividends Bahasa: (EN )    Edisi: Jun 1994     Penerbit: Basil Blackwall     Tempat Terbit: Oxford    Tahun Terbit: 1994     Jenis: Article - diterbitkan di jurnal ilmiah internasional Fulltext: 9412152332.pdf (482.77KB; 11 download) Abstract Dividends are important to shareholders; studies have shown that stock prices react to these announcements (Ofer and Thakor, 1987). In addition, it is often assumed that a company's cash flow affects its dividend payout. Statement of Financial Accounting Concepts No. 5, (SFAC 5) considers cash Oow information useful in determining cash to be distributed as dividends (para. 52) and SFAC 1 states, 'Financial reporting should provide information to help . . . in assessing the amounts, timing, and uncertainty of prospective cash receipts from dividends,' and that cash flow to investors depends on the cash flow of the enterprise (para. 37—8). If this is true, information about cash flow should prove useful in explaining dividend changes. The purpose of this study is to evaluate the incremental information content of cash flow over other available information, namely Profits and Previous Year's Dividends, in modeling changes in cash dividends. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Lihat Sejarah Pengadaan  Konversi Metadata   Kembali

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