Accounting, Cash Flow and Value Relevance

Francesco Paolone holds a degree in Business Administration and Management at Bocconi University. He is Associate Professor at Mercatorum University and Adjunct Professor at LUISS Univeristy in Rome. He has been Visiting Professor at ESCP Europe Business School in London campus and Visiting Researcher at Aalborg University in Denmark. His research profiles are mainly focused on International and Financial Accounting, Corporate Governance and Business Models. He is currently on the Editorial Board of different peer-reviewed journals of Accounting and Financial Management. He is chartered accountant and legal auditor.

• Introduction.- The Cash Flow Statement under IAS/IFRS.- The historical background of Cash Flow Statement: first evidences and contributions.- The Value Relevance of accounting information and cash flows: a review on prior studies and models.- Data analysis on EU and US listed companies.- Concluding remarks: the importance of Cash Flow Statement.