The impact of cash flow components on earnings per share (EPS) for non-financial companies listed on the Qatar Stock Exchange for the period (2016-2025)
DOI:
https://doi.org/10.59992/IJFAES.2026.v5n9p3Keywords:
Operating Cash Flows (OCF), Investing Cash Flows (ICF), Financing Cash Flows (FCF), EPSAbstract
This study aims to investigate the potential impact of cash flow components (operating, investing, and financing) on the earnings per share (EPS) of 37 non-financial companies listed on the Qatar Stock Exchange across various sectors during the period 2016-2025. It also focuses on understanding the quality of returns for investors in these companies' shares when influenced by cash flow components. Therefore, it was essential to analyze the impact of each cash flow component on EPS to gain a deeper understanding and more accurate results in determining the effect of each company activity—operating, investing, or financing—on these earnings. The study initially hypothesized that there was no relationship between cash flow components and EPS in these companies. The study employed a quantitative analytical approach, and this relationship was confirmed using appropriate statistical tests, such as Pearson correlation analysis, multiple linear regression analysis, and panel data models, to validate or refute the study's hypotheses. The results of the correlation and multiple regression analyses demonstrated... The robustness analysis revealed a positive and significant relationship between operating cash flows and earnings per share (EPS). Investing cash flows also showed a positive and significant impact on EPS, although the magnitude of this impact was smaller than that of operating cash flows. In contrast, financing cash flows did not show a significant impact on EPS.
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