Accruals, cash flows, and aggregate stock returns☆

• 1 March 2009
• journal article
• Published by Elsevier in Journal of Financial Economics
• Vol. 91  (3) , 389-406
• https://doi.org/10.1016/j.jfineco.2007.11.009

Abstract

Keywords

• G12
• G14
• M41
• M43
• AGGREGATE STOCK RETURNS
• ACCRUALS
• CASH FLOWS
• DISCOUNT RATES
• BEHAVIORAL FINANCE