The relationship between accruals, earnings, and cash flows: evidence from latin america

The relationships between earnings, accruals, and cash flows for selected Latin American countries (Mexico, Chile, and Argentina) are investigated in this study from 1990 to 2009. We find a negative relationship between accruals and cash flow across decile portfolios. More importantly, firms reporti...

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Detalles Bibliográficos
Autores: Trejo-Pech, Carlos O., Noguera, Magdy, Samaniego-Alcántar, Ángel, Weldon, Richard N.
Tipo de recurso: artículo
Estado:Versión publicada
Fecha de publicación:2012
País:México
Institución:Instituto Tecnológico y de Estudios Superiores de Occidente
Repositorio:Repositorio Institucional del ITESO
Idioma:inglés
OAI Identifier:oai:rei.iteso.mx:11117/1618
Acceso en línea:http://hdl.handle.net/11117/1618
Access Level:acceso abierto
Palabra clave:Finance
Earnings and Cash
Financial Accounting
Latin American Public Firms
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spelling The relationship between accruals, earnings, and cash flows: evidence from latin americaTrejo-Pech, Carlos O.Noguera, MagdySamaniego-Alcántar, ÁngelWeldon, Richard N.FinanceEarnings and CashFinancial AccountingLatin American Public FirmsThe relationships between earnings, accruals, and cash flows for selected Latin American countries (Mexico, Chile, and Argentina) are investigated in this study from 1990 to 2009. We find a negative relationship between accruals and cash flow across decile portfolios. More importantly, firms reporting the highest level of accruals, have the worst level of cash flows, but not the worst level of earnings. This relationship is of economic importance given that investors are very oriented towards firms yielding high earnings and might fail to realize that earnings are not always accompanied by strong levels of cash flows. Results are disaggregated by years and countries, and compared to previous results for U.S. firms.ITESO, A.C.UPSoutheastern Louisiana UniversityUniversity of FloridaThe Institute for Business and Finance Research2015-04-15T22:42:57Z2015-04-15T22:42:57Z2012-11info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionapplication/pdfTrejo-Pech, C., Noguera, M., Samaniego-Alcántar, Á., & Weldon, R. N. (2012). The relationship between accruals, earnings, and cash flows: evidence from Latin America, Accounting and Taxation, 4(1): 95-108.2157-0175http://hdl.handle.net/11117/1618reponame:Repositorio Institucional del ITESOinstname:Instituto Tecnológico y de Estudios Superiores de Occidenteinstacron:ITESOengAccounting & Taxation;4(1)MéxicoChileArgentina1990-2009http://quijote.biblio.iteso.mx/licencias/CC-BY-NC-2.5-MX.pdfinfo:eu-repo/semantics/openAccessoai:rei.iteso.mx:11117/16182024-10-04T18:53:24Z
dc.title.none.fl_str_mv The relationship between accruals, earnings, and cash flows: evidence from latin america
title The relationship between accruals, earnings, and cash flows: evidence from latin america
spellingShingle The relationship between accruals, earnings, and cash flows: evidence from latin america
Trejo-Pech, Carlos O.
Finance
Earnings and Cash
Financial Accounting
Latin American Public Firms
title_short The relationship between accruals, earnings, and cash flows: evidence from latin america
title_full The relationship between accruals, earnings, and cash flows: evidence from latin america
title_fullStr The relationship between accruals, earnings, and cash flows: evidence from latin america
title_full_unstemmed The relationship between accruals, earnings, and cash flows: evidence from latin america
title_sort The relationship between accruals, earnings, and cash flows: evidence from latin america
dc.creator.none.fl_str_mv Trejo-Pech, Carlos O.
Noguera, Magdy
Samaniego-Alcántar, Ángel
Weldon, Richard N.
author Trejo-Pech, Carlos O.
author_facet Trejo-Pech, Carlos O.
Noguera, Magdy
Samaniego-Alcántar, Ángel
Weldon, Richard N.
author_role author
author2 Noguera, Magdy
Samaniego-Alcántar, Ángel
Weldon, Richard N.
author2_role author
author
author
dc.subject.none.fl_str_mv Finance
Earnings and Cash
Financial Accounting
Latin American Public Firms
topic Finance
Earnings and Cash
Financial Accounting
Latin American Public Firms
description The relationships between earnings, accruals, and cash flows for selected Latin American countries (Mexico, Chile, and Argentina) are investigated in this study from 1990 to 2009. We find a negative relationship between accruals and cash flow across decile portfolios. More importantly, firms reporting the highest level of accruals, have the worst level of cash flows, but not the worst level of earnings. This relationship is of economic importance given that investors are very oriented towards firms yielding high earnings and might fail to realize that earnings are not always accompanied by strong levels of cash flows. Results are disaggregated by years and countries, and compared to previous results for U.S. firms.
publishDate 2012
dc.date.none.fl_str_mv 2012-11
2015-04-15T22:42:57Z
2015-04-15T22:42:57Z
dc.type.none.fl_str_mv info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
format article
status_str publishedVersion
dc.identifier.none.fl_str_mv Trejo-Pech, C., Noguera, M., Samaniego-Alcántar, Á., & Weldon, R. N. (2012). The relationship between accruals, earnings, and cash flows: evidence from Latin America, Accounting and Taxation, 4(1): 95-108.
2157-0175
http://hdl.handle.net/11117/1618
identifier_str_mv Trejo-Pech, C., Noguera, M., Samaniego-Alcántar, Á., & Weldon, R. N. (2012). The relationship between accruals, earnings, and cash flows: evidence from Latin America, Accounting and Taxation, 4(1): 95-108.
2157-0175
url http://hdl.handle.net/11117/1618
dc.language.none.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv Accounting & Taxation;4(1)
dc.rights.none.fl_str_mv http://quijote.biblio.iteso.mx/licencias/CC-BY-NC-2.5-MX.pdf
info:eu-repo/semantics/openAccess
rights_invalid_str_mv http://quijote.biblio.iteso.mx/licencias/CC-BY-NC-2.5-MX.pdf
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.coverage.none.fl_str_mv México
Chile
Argentina
1990-2009
dc.publisher.none.fl_str_mv The Institute for Business and Finance Research
publisher.none.fl_str_mv The Institute for Business and Finance Research
dc.source.none.fl_str_mv reponame:Repositorio Institucional del ITESO
instname:Instituto Tecnológico y de Estudios Superiores de Occidente
instacron:ITESO
instname_str Instituto Tecnológico y de Estudios Superiores de Occidente
instacron_str ITESO
institution ITESO
reponame_str Repositorio Institucional del ITESO
collection Repositorio Institucional del ITESO
repository.name.fl_str_mv
repository.mail.fl_str_mv
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score 15.811543

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