This paper explores the relative performance of aggregate earnings and disaggregated
earnings components (accruals and cash flows) to describe the market values of equity and
earning persistence in India. Further, we explore the difference in value relevance of earning
and earning components to explain market values of equity and earning persistence
between intangible and non-intangible intensive firms. We adopted the Barth et al.(1999,
2005) linear information structure, which is based on the Ohlson (1999) model. Our findings …