The Association Between Various Earnings, Cash Flaws as Performance Measures and Return Stock

Subject Areas : Financial Knowledge of Securities Analysis

Bahman Banimahd ¹ , Masomeh Sadat Rasouli ²

1 - نویسنده اصلی ومسئول مکاتبه
2 - ندارد

Received: 2009-08-06 Accepted : 2009-09-22 Published : 2009-06-22

Keywords: Accounting performance measure, Earnings, accruals, Cash flows,

Abstract :

The assessment of performance is a considerable subject for the users offinancial statements. Investors; creditor and users want to know that thecompany how much successful in achieving the aims.Many of managers and investors and creditors use some differenceperformance measures. The information asymmetry between internal andexternal users is led to find the best measure of performance.The subject that which measure should select need to investigate.This research investigates the association between various earning andcash flow measures of firm performance and stock returns.The companies of the security exchange were selected between 80-86.The result of this research shows that there is no correlation between independed variable such as various earning and operating cash flow, freecash flow, accrual and stick returns