Interfirm differences in earnings variability: an analysis of fundamentals, cash flows and accruals

Peter A. Silhan and Steven Cahan

Accounting and Finance, 2014, vol. 54, issue 4, 1357-1379

Abstract: type="main" xml:id="acfi12038-abs-0001">

Prior research shows that the time-series variability of corporate earnings affects forecasting accuracy and corporate risk, yet little is known about the determinants of earnings variability. This study analyses interfirm differences in earnings variability. Large-sample evidence shows how the ratio of accrual variability to cash-flow variability varies across a cross-section of firms and how these components and the correlation between contemporaneous cash flows and accruals are related to key economic fundamentals.

Date: 2014
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