How to cite this paper
& . (2013). A study on relationship between investment opportunities and earnings: A corporate life cycle investigation.Management Science Letters , 3(7), 2039-2048.
Refrences
Aharony, J., Falk, H., & Yehuda, N. (2006). Corporate Life Cycle and the Relative Value-Relevance
of Cash Flow versus Accrual Financial Information.2003-07-15)[2008-08-30].
Ahmed, A. S. (1994). Accounting earnings and future economic rents: An empirical analysis. Journal
of Accounting and Economics, 17(3), 377-400.
Amir, E., & Lev, B. (1996). Value-relevance of nonfinancial information: The wireless
communications industry. Journal of accounting and economics,22(1), 3-30.
Anthony, J. H., & Ramesh, K. (1992). Association between accounting performance measures and
stock prices: A test of the life cycle hypothesis. Journal of Accounting and Economics, 15(2), 203-
227.
Babajani, J., Bulu, Q., & Alizadeh, A, (2011). The relationship between investment opportunities and
value relevance of operating cash flow and accruals. Stock Exchange Journal, 13(1).
Ball, R., & Brown, P. (1968). An empirical evaluation of accounting income numbers. Journal of
accounting research, 159-178.
Barth, M. E., Beaver, W. H., & Landsman, W. R. (2000). The relevance of value relevance research.
Working paper. Journal of Accounting and Economics Conference.
Bernard, V. L., & Stober, T. L. (1989). The nature and amount of information in cash flows and
accruals. Accounting review, 64, 624-652.
Biddle, G. C., & Seow, G. S. (1991). The estimation and determinants of associations between returns
and earnings: evidence from cross-industry comparisons. Journal of Accounting, Auditing &
Finance, 6(2), 183-232.
Billings, B. K. (1999). Revisiting the relation between the default risk of debt and the earnings
response coefficient. The Accounting Review, 74(4), 509-522.
Collins, D. W., & Kothari, S. P. (1989). An analysis of inter-temporal and cross-sectional
determinants of earnings response coefficients. Journal of Accounting and Economics, 11, 143-
181.
Financial Accounting Standards Board (FASB). 1978. Objective of Financial Reporting by Business
Enterprises. Statement of Financial Accounting Concepts No.1. Stamford, CT: Financial
Accounting Standards Board.
Financial Accounting Standards Board (FASB). 1980. Qualitative characteristics of accounting
information. Statement of Financial Accounting Concepts No.2. Stamford, CT: Financial
Accounting Standards Board.
Gaver, J. J., & Gaver, K. M. (1993). Additional evidence on the association between the investment
opportunity set and corporate financing, dividend, and compensation policies. Journal of
Accounting and Economics, 16(1), 125-160.
Harikumar, T., & Harter, C. I. (1995). Earnings response coefficient and persistence: New evidence
using Tobin & apos; s Q as a proxy for persistence. Journal of Accounting, Auditing & Finance, 10(2),
401-418.
Jones, Jefferson P. (2001). The implications of firms & apos; investment opportunities for the valuation of
cash flows from investing activities. Advances in Accounting, 18, 169-193.
Kallunki, J. P., & Silvola, H. (2008). The effect of organizational life cycle stage on the use of
activity-based costing. Management Accounting Research, 19(1), 62-79.
Karami, G., & Omrani, H. (2010a). The effect of corporate life cycle on relevance of risk and
performance measures. Journal of Accounting and Finance Studies, 3(5), 49-64.
Karami, G., & Omrani, H. (2010b). The effect of corporate life cycle and conservatism on firm value.
Accounting and Auditing Studies, 59, 79-96.
Krisnawati, A. (2006), The value relevance of cash flow and accruals: The role of investment. Islamic
University of Indonesia.
Kumar, K. R., & Krishnan, G. V. (2008). The value-relevance of cash flows and accruals: The role of
investment opportunities. The Accounting Review, 83(4), 997-1040.
Liang, H., Moreau, L., & Park, J. C. (2011). Investment opportunities and dividend
omissions. Journal of Business Research, 64(10), 1108-1115.
Park, Y., & Chen, K. H. (2011). The Effect Of Accounting Conservatism And Life-Cycle Stages On
Firm Valuation. Journal of Applied Business Research (JABR), 22(3).
Ramazani, F. (2011). The role of investment opportunities in valuation of earnings, earnings
persistence, and operating cash flows. Master’s thesis. Islamic Azad University Science and
Research Branch.
Scott, W. R. (2003). Financial Accounting Theory. 3rd ed. Prentice Hall pub.
Sloan, R. G. (1996). Do stock prices fully reflect information in accruals and cash flows about future
earnings?. Accounting Review, 289-315.
of Cash Flow versus Accrual Financial Information.2003-07-15)[2008-08-30].
Ahmed, A. S. (1994). Accounting earnings and future economic rents: An empirical analysis. Journal
of Accounting and Economics, 17(3), 377-400.
Amir, E., & Lev, B. (1996). Value-relevance of nonfinancial information: The wireless
communications industry. Journal of accounting and economics,22(1), 3-30.
Anthony, J. H., & Ramesh, K. (1992). Association between accounting performance measures and
stock prices: A test of the life cycle hypothesis. Journal of Accounting and Economics, 15(2), 203-
227.
Babajani, J., Bulu, Q., & Alizadeh, A, (2011). The relationship between investment opportunities and
value relevance of operating cash flow and accruals. Stock Exchange Journal, 13(1).
Ball, R., & Brown, P. (1968). An empirical evaluation of accounting income numbers. Journal of
accounting research, 159-178.
Barth, M. E., Beaver, W. H., & Landsman, W. R. (2000). The relevance of value relevance research.
Working paper. Journal of Accounting and Economics Conference.
Bernard, V. L., & Stober, T. L. (1989). The nature and amount of information in cash flows and
accruals. Accounting review, 64, 624-652.
Biddle, G. C., & Seow, G. S. (1991). The estimation and determinants of associations between returns
and earnings: evidence from cross-industry comparisons. Journal of Accounting, Auditing &
Finance, 6(2), 183-232.
Billings, B. K. (1999). Revisiting the relation between the default risk of debt and the earnings
response coefficient. The Accounting Review, 74(4), 509-522.
Collins, D. W., & Kothari, S. P. (1989). An analysis of inter-temporal and cross-sectional
determinants of earnings response coefficients. Journal of Accounting and Economics, 11, 143-
181.
Financial Accounting Standards Board (FASB). 1978. Objective of Financial Reporting by Business
Enterprises. Statement of Financial Accounting Concepts No.1. Stamford, CT: Financial
Accounting Standards Board.
Financial Accounting Standards Board (FASB). 1980. Qualitative characteristics of accounting
information. Statement of Financial Accounting Concepts No.2. Stamford, CT: Financial
Accounting Standards Board.
Gaver, J. J., & Gaver, K. M. (1993). Additional evidence on the association between the investment
opportunity set and corporate financing, dividend, and compensation policies. Journal of
Accounting and Economics, 16(1), 125-160.
Harikumar, T., & Harter, C. I. (1995). Earnings response coefficient and persistence: New evidence
using Tobin & apos; s Q as a proxy for persistence. Journal of Accounting, Auditing & Finance, 10(2),
401-418.
Jones, Jefferson P. (2001). The implications of firms & apos; investment opportunities for the valuation of
cash flows from investing activities. Advances in Accounting, 18, 169-193.
Kallunki, J. P., & Silvola, H. (2008). The effect of organizational life cycle stage on the use of
activity-based costing. Management Accounting Research, 19(1), 62-79.
Karami, G., & Omrani, H. (2010a). The effect of corporate life cycle on relevance of risk and
performance measures. Journal of Accounting and Finance Studies, 3(5), 49-64.
Karami, G., & Omrani, H. (2010b). The effect of corporate life cycle and conservatism on firm value.
Accounting and Auditing Studies, 59, 79-96.
Krisnawati, A. (2006), The value relevance of cash flow and accruals: The role of investment. Islamic
University of Indonesia.
Kumar, K. R., & Krishnan, G. V. (2008). The value-relevance of cash flows and accruals: The role of
investment opportunities. The Accounting Review, 83(4), 997-1040.
Liang, H., Moreau, L., & Park, J. C. (2011). Investment opportunities and dividend
omissions. Journal of Business Research, 64(10), 1108-1115.
Park, Y., & Chen, K. H. (2011). The Effect Of Accounting Conservatism And Life-Cycle Stages On
Firm Valuation. Journal of Applied Business Research (JABR), 22(3).
Ramazani, F. (2011). The role of investment opportunities in valuation of earnings, earnings
persistence, and operating cash flows. Master’s thesis. Islamic Azad University Science and
Research Branch.
Scott, W. R. (2003). Financial Accounting Theory. 3rd ed. Prentice Hall pub.
Sloan, R. G. (1996). Do stock prices fully reflect information in accruals and cash flows about future
earnings?. Accounting Review, 289-315.