The prediction of future operating cash flows using accrual-based and cash-based accounting information: Empirical evidence from Vietnam
This research was conducted for assessing the predictive ability of future cash flows from operating activities by using accounting earnings and cash flows information in the past. Data were collected from the firms listed on Ho Chi Minh Stock Exchange (HOSE) from 2009 to 2018, including the sample...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Growing Science
2019-09-01
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| Series: | Management Science Letters |
| Subjects: | |
| Online Access: | http://www.growingscience.com/msl/Vol10/msl_2019_262.pdf |
| _version_ | 1828474192999219200 |
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| author | Huu Anh Nguyen Thanh Hieu Nguyen |
| author_facet | Huu Anh Nguyen Thanh Hieu Nguyen |
| author_sort | Huu Anh Nguyen |
| collection | DOAJ |
| description | This research was conducted for assessing the predictive ability of future cash flows from operating activities by using accounting earnings and cash flows information in the past. Data were collected from the firms listed on Ho Chi Minh Stock Exchange (HOSE) from 2009 to 2018, including the sample of 242 non-financial listed companies. Three statistical methods approaches were employed to address econometric issues and to improve the accuracy of the regression coefficients based on Ordinary Least Squares (OLS), Random Effects Model (REM), and Fixed Effects Model (FEM). The findings showed that earnings and cash flows and aggregated accruals had remarkable ability to forecast future cash flows and the model of operating cash flows combined with aggregated accruals had the most effective prediction ability for companies listed on Ho Chi Minh Stock Exchange. |
| first_indexed | 2024-12-11T05:55:54Z |
| format | Article |
| id | doaj.art-f8c6eaf7d3744b71beeb92665ab63d63 |
| institution | Directory Open Access Journal |
| issn | 1923-9335 1923-9343 |
| language | English |
| last_indexed | 2024-12-11T05:55:54Z |
| publishDate | 2019-09-01 |
| publisher | Growing Science |
| record_format | Article |
| series | Management Science Letters |
| spelling | doaj.art-f8c6eaf7d3744b71beeb92665ab63d632022-12-22T01:18:40ZengGrowing ScienceManagement Science Letters1923-93351923-93432019-09-0110368369410.5267/j.msl.2019.9.010The prediction of future operating cash flows using accrual-based and cash-based accounting information: Empirical evidence from VietnamHuu Anh NguyenThanh Hieu Nguyen This research was conducted for assessing the predictive ability of future cash flows from operating activities by using accounting earnings and cash flows information in the past. Data were collected from the firms listed on Ho Chi Minh Stock Exchange (HOSE) from 2009 to 2018, including the sample of 242 non-financial listed companies. Three statistical methods approaches were employed to address econometric issues and to improve the accuracy of the regression coefficients based on Ordinary Least Squares (OLS), Random Effects Model (REM), and Fixed Effects Model (FEM). The findings showed that earnings and cash flows and aggregated accruals had remarkable ability to forecast future cash flows and the model of operating cash flows combined with aggregated accruals had the most effective prediction ability for companies listed on Ho Chi Minh Stock Exchange.http://www.growingscience.com/msl/Vol10/msl_2019_262.pdfCash flowsForecasting cash flowsPrediction modelsAccounting information |
| spellingShingle | Huu Anh Nguyen Thanh Hieu Nguyen The prediction of future operating cash flows using accrual-based and cash-based accounting information: Empirical evidence from Vietnam Management Science Letters Cash flows Forecasting cash flows Prediction models Accounting information |
| title | The prediction of future operating cash flows using accrual-based and cash-based accounting information: Empirical evidence from Vietnam |
| title_full | The prediction of future operating cash flows using accrual-based and cash-based accounting information: Empirical evidence from Vietnam |
| title_fullStr | The prediction of future operating cash flows using accrual-based and cash-based accounting information: Empirical evidence from Vietnam |
| title_full_unstemmed | The prediction of future operating cash flows using accrual-based and cash-based accounting information: Empirical evidence from Vietnam |
| title_short | The prediction of future operating cash flows using accrual-based and cash-based accounting information: Empirical evidence from Vietnam |
| title_sort | prediction of future operating cash flows using accrual based and cash based accounting information empirical evidence from vietnam |
| topic | Cash flows Forecasting cash flows Prediction models Accounting information |
| url | http://www.growingscience.com/msl/Vol10/msl_2019_262.pdf |
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