Numerous stock market studies over the last two decades have provided evidence of anomalous price behaviour that is consistent with over-reaction to information. Security analysts'; forecasts of corporate earnings are often seen as a potential driver for prices and so have also been investigated...

The aim of our article is to investigate whether corporate cash flow and accruals data have a role to play in explaining dividends for a sample of nonfinancial UK firms between 1994 and 2004. We employ a cash flow variant of Lintner's (1956) dividend model similar to those used in prior research...

This article revisits a model developed by Levi (1980) designed to examine the ability of lagged money supply data to explain future corporate profits. Levi's original US study is developed here in two ways: firstly, it is reassessed using Japanese quarterly pre-tax profits for the period 1973...

Our article examines abnormal accruals for a large sample of UK firms between 1994 and 2004, standardized so as to control for firm size, profitability, growth, information asymmetry and debt. We find that financial distress, proxied by a bankruptcy prediction model developed for UK firms...