Separating Information About Cash Flows From Information About Risk in Losses
<p>This paper reconsiders the information content of losses, specifically, the extent to which losses contain distinct and offsetting information about future cash flows and about risk. Based on theory that suggests exit value is the lower bound of firm value, I posit that shareholders who dec...
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2012
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| Online Access: | http://hdl.handle.net/10161/5763 |