Purpose – In contrast to recent US studies, almost all prior UK studies have not supported the incremental information content of cash flow beyond earnings. In addition, to date no UK study has addressed the effect of earnings extremity on the incremental information content of cash flow and...

Purpose - Many studies examine the relative information content of earnings and cash flows from operations. Most studies find that earnings have higher information content than cash flows. An interesting question that follows is whether these findings hold after controlling the extremity of...

This paper examines the association between firms' debt financing structure and operating performance. The paper focuses on debt as the firms' loans from banks, which is the general trend of debt financing in Egypt. Firms' operating performance is measured by three operating measures. The...

This study examines the relative speed of adjustments of debt ratios and explanatory powers of three groups of determinants of capital structure: firm-specific, country-wide and industry-wide. The sample includes non-financial firms listed in the DJIA and NASDAQ for quarterly periods 1992-2010....

This study examines the financial and statistical properties of the variance and semi variance (SV). Since the mean-variance approach and its extended mean-semi variance approach assume normality of returns, it has been observed that practical and computational problems emerged in the cases of...

This paper examines the relationships between the changes in the firm's capital structure and their effects on the firm's market value for three different levels of systematic risk. The underlying assumption of signalling is that when a firm changes its capital structure, its market value might...

This paper examines the association between firms' debt financing structure and operating performance. The paper focuses on debt as the firms' loans from banks, which is the general trend of debt financing in Egypt. Firms' operating performance is measured by three operating measures. The...

This paper examines the relationships between the changes in the firm's capital structure and their effects on the firm's market value for three different levels of systematic risk. The underlying assumption of signalling is that when a firm changes its capital structure, its market value might...