Open AccessAn Investigation of Comprehensive Income and Firm Performance: The Case of the Electric Appliances Industry of the Tokyo Stock Exchange
Author(s) -
Chikashi Tsuji
Publication year - 2013
Publication title -
accounting and finance research
Language(s) - English
Resource type - Journals
eISSN - 1927-5994
pISSN - 1927-5986
DOI - 10.5430/afr.v2n2p29
Subject(s) - earnings , business , stock exchange , cash flow , stock (firearms) , industrial organization , labour economics , economics , finance , engineering , mechanical engineering
This study investigates whether comprehensive income is associated with the future performance of the electric appliances industry firms in Japan. We find that regarding the Japanese electric appliances industry firms, comprehensive income is superior to other earnings or cash flow variables in predicting their future stock returns. We consider that our result in this paper provides useful evidence not only for the Japanese but also for the international academicians and practitioners.