Discussion of “The Differential Persistence of Accruals and Cash Flows for Future Operating Income versus Future Profitability”

Ilia D. Dichev ()
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Ilia D. Dichev: University of Michigan Business School

Review of Accounting Studies, 2003, vol. 8, issue 2, No 7, 245-250

Abstract: Abstract Fairfield et al. (2003a, this issue) suggests that the accrual effect in Sloan (1996) is at least partly due to the fact that accruals signify an increase in (less-productive) net operating assets. Thus, the paper is a useful and thought-provoking reminder that accruals have both earnings and balance sheet effects. However, the impact of the empirical results is diminished by the lack of a convincing story that ties and grounds these results to other knowledge in the area.

Keywords: Empirical Result; Cash Flow; Balance Sheet; Future Operating; Operating Income (search for similar items in EconPapers)
Date: 2003
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DOI: 10.1023/A:1024465429014

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