An Investigation of Comprehensive Income and Firm Performance: The Case of the Electric Appliances Industry of the Tokyo Stock Exchange

Chikashi Tsuji

Abstract


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.


Full Text: PDF DOI: 10.5430/afr.v2n2p29

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Accounting and Finance Research
ISSN 1927-5986 (Print)   ISSN 1927-5994 (Online)

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