Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
1002075 | Journal of International Accounting, Auditing and Taxation | 2012 | 11 Pages |
Abstract
This study extends the existing international literature by documenting a country-specific predisposition to use cash flows or earnings as a valuation tool by non-professional investors. Moreover, this study also shows that this predisposition can be dysfunctional, leading participants to make incorrect valuation decisions as a result of their failure to consider the differential persistence of the two accounting measures presented in the experiment.
Related Topics
Social Sciences and Humanities
Business, Management and Accounting
Accounting
Authors
Jose E. Miranda-Lopez, Linda M. Nichols,