Variable Measurements The empirical analysis on the persistence of the cash flows, accruals, and net operating assets requires three variables: (i) accruals (ACC), (ii) cash fl ows from operations (CFO), and (iii) net operating assets (NOA)
Variable MeasurementsThe empirical analysis on the persistence of the cash flows, accruals, and net operating assets requires three variables: (i) accruals (ACC), (ii) cash fl ows from operations (CFO), and (iii) net operating assets (NOA)