Cash flow forecast for South African firms

Review of Development Finance - Tập 5 - Trang 24-33 - 2015
Yun Li1, Luiz Moutinho2, Kwaku K. Opong2, Yang Pang2
1School of Engineering, University of Glasgow, University Avenue, G12 8QQ, United Kingdom
2Adam Smith Business School, University of Glasgow, University Avenue, G12 8QQ, United Kingdom

Tài liệu tham khảo

Arthur, 2006 Badertscher, 2009, Earnings management strategies and the trade-off between tax benefits and detection risk: to conform or not to conform?, Account. Rev., 84, 63, 10.2308/accr.2009.84.1.63 Barth, 2001, Accruals and the prediction of future cash flows, Account. Rev., 76, 27, 10.2308/accr.2001.76.1.27 Box, 2008 Brochet, 2008 Cheng, 2008, Do core and non-core cash flows from operations persist differentially in predicting future cash flows?, Rev. Quant. Finance Account., 31, 29, 10.1007/s11156-007-0062-7 Dechow, 1998, The relation between earnings and cash flows, J. Account. Econ., 25, 133, 10.1016/S0165-4101(98)00020-2 Dechow, 2006, The persistence of earnings and cash flows and the role of special items: implications for the accrual anomaly, Rev. Account. Stud., 11, 253, 10.1007/s11142-006-9004-1 Dechow, 1995, Detecting earnings management, Account. Rev., 70, 193 Farshadfar, 2013, Further evidence on the usefulness of direct method cash flow components for forecasting future cash flows, Int. J. Account., 48, 111, 10.1016/j.intacc.2012.12.001 Francis, 2012, Accruals and the naïve out-of-sample prediction of operating cash flow, Adv. Account., 28, 226, 10.1016/j.adiac.2012.09.004 Jones, 1991, Earnings management during import relief investigations, J. Account. Res., 29, 193, 10.2307/2491047 Kothari, 2005, Performance matched discretionary accrual measures, J. Account. Econ., 39, 163, 10.1016/j.jacceco.2004.11.002 Lorek, 2010, Time series versus cross-sectionally derived predictions of future cash flows, Adv. Account., 26, 29, 10.1016/j.adiac.2009.10.001 Ogneva, 2012, Accrual quality, realized returns, and expected returns: the importance of controlling for cash flow shocks, Account. Rev., 87, 1415, 10.2308/accr-10276 Orpurt, 2009, Do direct cash flow disclosures help predict future operating cash flows and earnings?, Account. Rev., 84, 893, 10.2308/accr.2009.84.3.893 Pae, 2012, Determinants of analysts cash flow forecast accuracy, J. Account. Audit. Finance, 27, 123, 10.1177/0148558X11409148 Roychowdhury, 2006, Earnings management through real activities manipulation, J. Account. Econ., 42, 335, 10.1016/j.jacceco.2006.01.002 Sims, 1980, Macroeconomics and reality, Econometrica, 48, 1, 10.2307/1912017 Whittle, 1951