Signals from Balance Sheet of a Listed Company
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However complete and accurate financial statement might be, the information they contain is exclusively ‘historical” for the simple reason that the accounts contain data pertaining to facts that can be proven to have happened. Not only balance sheet includes data from the past but also data that points to the future. We can characterize all balance sheet data as point measurements, a record of the source and use of wealth at a given date and as such, it is a static representation of economic information. This study hence explore some key signal from the composition of balance sheet accounts changes to facilitate investor, creditors, shareholder and user of the account for better decision making.
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