How to cite this paper
Nguyen, H & Nguyen, T. (2020). The prediction of future operating cash flows using accrual-based and cash-based accounting information: Empirical evidence from Vietnam.Management Science Letters , 10(3), 683-694.
Refrences
Al-Attar, A. & Hussain, S. (2004). Corporate data and future cash flow. Journal of Business Finance and Accounting, 31(7-8), 861-903.
Ali, A. (1994). The incremental information content of earnings, working capital from operations, and cash flows. Journal of Accounting Research, 32, 61-74.
Anh, N.H. (2010). Using some accounting information to predict company’s operating cashflows. Journal of Economics and Development, 162(2), 13-17
Anh, N.H. (2013). Forecasting cash flows from operating activities of listed companies on Hochiminh city Stock Exchange. Journal of Economics and Development, Special Issue, 20-27
Arnold, A.J., Clubb, C.D.B., Manson, S., & Wearing, R.T. (1991). The relationship between earnings, funds flows and cash flows: evidence for the UK. Accounting and Business Research, 22(85), 13-19.
Barth, M. E., Cram, D. P., & Nelson, K. K. (2001). Accruals and the prediction of future cash flows. Accounting Review, 76(1), 27-58.
Block, B. (1999). A study of financial analysts: Practice and theory. Financial Analysts Journal, 55, 86-95.
Bowen, R. M., Burgstahler, D. & Daley, L. A. (1986). Evidence on the relationships between earnings and various measures of cash flow. The Accounting Review, 61(4), 713-25.
Call, A., Chen, S., & Tong, Y. (2009). Are analysts’ earnings forecasts more accurate when accompanied by cash flow fore-casts? Review of Accounting Studies, 14, 358-392.
Chuong, O.N & Quynh, N.T (2015). Research on diversity of income sources of households: the case of middle southern ar-ea of Vietnam. Journal of Economics and Development, 217, 17 – 23
Dechow, P.M., Richardson, S.A., & Sloan, R.G., (2008). The persistence and pricing of the cash component of earnings. Journal of Accounting Research, 46(3), 537- 566.
Dechow, P. M., Kothari, S. P., & L. Watts, R. (1998). The relation between earnings and cash flows. Journal of Accounting and Economics, 25(2), 133-168.
Dechow, P.M. (1994). Accounting earning and cash flows as measures of firm performance: the role of accounting accruals. Journal of Accounting and Economics, 18(1), 3-42.
Dechow, P.M., & Dichev, I.D. (2002). The quality of accruals and earnings: the role of accrual estimation errors. The Ac-counting Review, 77 (supplement), 35-59.
Duong, D.T & Hung, D.T (2014). Capital structure and profitability of listed companies on Vietnam Stock Market. Journal of Economics and Development, Special Issue in December, 54-60
Ebaid, I. E. (2011). Accruals and the prediction of future cash flows: empirical evidence from an emerging market. Manage-ment Research Review, 34(7), 838-853.
Farshadfar, S., Ng, C. & Brimble, M. (2008). The relative ability of earnings and cash flow data in forecasting future cash flows. Pacific Accounting Review, 20(3), 251-268.
Finger, C. A. (1994). The ability of earnings to predict future earnings and cash flow. Journal of Accounting Research, 32(2), 210-23.
Fulmer, J.G., Gavin, T.A., & Bertin, W.J. (1991). What Factors Influence the Lending Decision: A Survey of Commercial Loan Officers. Commercial Lending Review, 7(1), 64-70.
Greenberg, R. R., Johnson, G. L. & Ramesh, K. (1986). Earnings versus cash flows as a predictor of future cash flow measures. Journal of Accounting Auditing and Finance, 1(4), 266-77.
Habib, A. (2010). Prediction of operating cash flows: further evidence from Australia. Australian Accounting Review, 20(2), 134.
Jordan, C.E., Waldron, A., & Clark, S.J. (2007). An analysis of the comparative predictive abilities of operating cash flows, earnings and sales. The Journal of Applied Business Research, 23(3),53-60.
Kelly, J., & O'Connor, J. (1997). Is profit more important than cashflow?. Management Accounting: Magazine for Chartered Management Accountants, 75(6), 28-29.
Kim, M. & Kross, W. (2005). The ability of earnings to predict future operating cash flows has been increasing – not de-creasing. Journal of Accounting Research, 43(5), 753 -780.
Largay, J., & Stickney C. (1980). Cash flows, ratio analysis and the W.T. Grant Company bankruptcy. Financial Analysts Journal, 36(4), 51-54.
Lorek, K., & Willinger, G. (1996). A multivariate time-series prediction model for cash-flow earnings data. Accounting Re-view, 71, 81–101.
McBeth, K. H. (1993). Forecasting operating cash flow: Evidence on the comparative predictive abilities of net income and operating cash flow from actual cash flow data. The Mid-Atlantic Journal of Business, 29(2), 173-87.
Mooi, T. L. (2007). Predicting future cash flows: Does cash flow have incremental information over accrual earnings? Malay-sian Accounting Review, 6(2), 63-80
Murdoch, B. & Krause, P. (1989). An empirical investigation of the predictive power of accrual and cash flow data in fore-casting operating cash flow. Akron Business and Economic Review, 20(3), 100-13. 301.
Murdoch, B. & Krause, P. (1990). Further evidence on the comparative ability of accounting data to predict operating cash flows. The Mid - Atlantic Journal of Business, 26(2), 1-14.
Pae, J., & Yoon, S.S (2012). Determinants of Analysts’ Cash Flow Forecast Accuracy. Journal of Accounting, Auditing & Finance, 27(1), 123-144
Percy, M., & Stokes, D.J. (1992). Further evidence on empirical relationships between earnings and cash flows. Accounting and Finance, 32(1), 27-49.
Pfeiffer, R. J., Elgers, P.T., Lo, M. H. & L. L. Rees (1998). Additional evidence on the incremental information content of cash flows and accruals: the impact of errors in measuring market expectations. Accounting Review, 73(3), 373 – 385.
Plewa, F.J. & Friedlob, G.T. (1995). Understanding Cash Flow. Wiley, New York
Quirin, J. J., O'Bryan, D., Wilcox, W. E. & Berry, K. T. (1999). Forecasting cash flow from operations: additional evidence. The Mid - Atlantic Journal of Business, 35(2-3),135-42
Stammerjohan, W. W. & Nassiripour, S. (2001). Predicting SFAS 95 cash flows: the relative importance of prior earnings, cash flows and accruals. Accounting Enquiries, 10(1), 87-146.
Waddell, D., & Sohal, A.S. (1994). Forcasting: The key to Managerial Decision Making. Management Decision, 32(1), 41 – 49.
Wilson, G. (1986). The relative incremental information content of accruals and cash flows: Combined evidence at the earn-ings announcement and annual report date. Journal of Accounting Research, 24, 163-200.
Ali, A. (1994). The incremental information content of earnings, working capital from operations, and cash flows. Journal of Accounting Research, 32, 61-74.
Anh, N.H. (2010). Using some accounting information to predict company’s operating cashflows. Journal of Economics and Development, 162(2), 13-17
Anh, N.H. (2013). Forecasting cash flows from operating activities of listed companies on Hochiminh city Stock Exchange. Journal of Economics and Development, Special Issue, 20-27
Arnold, A.J., Clubb, C.D.B., Manson, S., & Wearing, R.T. (1991). The relationship between earnings, funds flows and cash flows: evidence for the UK. Accounting and Business Research, 22(85), 13-19.
Barth, M. E., Cram, D. P., & Nelson, K. K. (2001). Accruals and the prediction of future cash flows. Accounting Review, 76(1), 27-58.
Block, B. (1999). A study of financial analysts: Practice and theory. Financial Analysts Journal, 55, 86-95.
Bowen, R. M., Burgstahler, D. & Daley, L. A. (1986). Evidence on the relationships between earnings and various measures of cash flow. The Accounting Review, 61(4), 713-25.
Call, A., Chen, S., & Tong, Y. (2009). Are analysts’ earnings forecasts more accurate when accompanied by cash flow fore-casts? Review of Accounting Studies, 14, 358-392.
Chuong, O.N & Quynh, N.T (2015). Research on diversity of income sources of households: the case of middle southern ar-ea of Vietnam. Journal of Economics and Development, 217, 17 – 23
Dechow, P.M., Richardson, S.A., & Sloan, R.G., (2008). The persistence and pricing of the cash component of earnings. Journal of Accounting Research, 46(3), 537- 566.
Dechow, P. M., Kothari, S. P., & L. Watts, R. (1998). The relation between earnings and cash flows. Journal of Accounting and Economics, 25(2), 133-168.
Dechow, P.M. (1994). Accounting earning and cash flows as measures of firm performance: the role of accounting accruals. Journal of Accounting and Economics, 18(1), 3-42.
Dechow, P.M., & Dichev, I.D. (2002). The quality of accruals and earnings: the role of accrual estimation errors. The Ac-counting Review, 77 (supplement), 35-59.
Duong, D.T & Hung, D.T (2014). Capital structure and profitability of listed companies on Vietnam Stock Market. Journal of Economics and Development, Special Issue in December, 54-60
Ebaid, I. E. (2011). Accruals and the prediction of future cash flows: empirical evidence from an emerging market. Manage-ment Research Review, 34(7), 838-853.
Farshadfar, S., Ng, C. & Brimble, M. (2008). The relative ability of earnings and cash flow data in forecasting future cash flows. Pacific Accounting Review, 20(3), 251-268.
Finger, C. A. (1994). The ability of earnings to predict future earnings and cash flow. Journal of Accounting Research, 32(2), 210-23.
Fulmer, J.G., Gavin, T.A., & Bertin, W.J. (1991). What Factors Influence the Lending Decision: A Survey of Commercial Loan Officers. Commercial Lending Review, 7(1), 64-70.
Greenberg, R. R., Johnson, G. L. & Ramesh, K. (1986). Earnings versus cash flows as a predictor of future cash flow measures. Journal of Accounting Auditing and Finance, 1(4), 266-77.
Habib, A. (2010). Prediction of operating cash flows: further evidence from Australia. Australian Accounting Review, 20(2), 134.
Jordan, C.E., Waldron, A., & Clark, S.J. (2007). An analysis of the comparative predictive abilities of operating cash flows, earnings and sales. The Journal of Applied Business Research, 23(3),53-60.
Kelly, J., & O'Connor, J. (1997). Is profit more important than cashflow?. Management Accounting: Magazine for Chartered Management Accountants, 75(6), 28-29.
Kim, M. & Kross, W. (2005). The ability of earnings to predict future operating cash flows has been increasing – not de-creasing. Journal of Accounting Research, 43(5), 753 -780.
Largay, J., & Stickney C. (1980). Cash flows, ratio analysis and the W.T. Grant Company bankruptcy. Financial Analysts Journal, 36(4), 51-54.
Lorek, K., & Willinger, G. (1996). A multivariate time-series prediction model for cash-flow earnings data. Accounting Re-view, 71, 81–101.
McBeth, K. H. (1993). Forecasting operating cash flow: Evidence on the comparative predictive abilities of net income and operating cash flow from actual cash flow data. The Mid-Atlantic Journal of Business, 29(2), 173-87.
Mooi, T. L. (2007). Predicting future cash flows: Does cash flow have incremental information over accrual earnings? Malay-sian Accounting Review, 6(2), 63-80
Murdoch, B. & Krause, P. (1989). An empirical investigation of the predictive power of accrual and cash flow data in fore-casting operating cash flow. Akron Business and Economic Review, 20(3), 100-13. 301.
Murdoch, B. & Krause, P. (1990). Further evidence on the comparative ability of accounting data to predict operating cash flows. The Mid - Atlantic Journal of Business, 26(2), 1-14.
Pae, J., & Yoon, S.S (2012). Determinants of Analysts’ Cash Flow Forecast Accuracy. Journal of Accounting, Auditing & Finance, 27(1), 123-144
Percy, M., & Stokes, D.J. (1992). Further evidence on empirical relationships between earnings and cash flows. Accounting and Finance, 32(1), 27-49.
Pfeiffer, R. J., Elgers, P.T., Lo, M. H. & L. L. Rees (1998). Additional evidence on the incremental information content of cash flows and accruals: the impact of errors in measuring market expectations. Accounting Review, 73(3), 373 – 385.
Plewa, F.J. & Friedlob, G.T. (1995). Understanding Cash Flow. Wiley, New York
Quirin, J. J., O'Bryan, D., Wilcox, W. E. & Berry, K. T. (1999). Forecasting cash flow from operations: additional evidence. The Mid - Atlantic Journal of Business, 35(2-3),135-42
Stammerjohan, W. W. & Nassiripour, S. (2001). Predicting SFAS 95 cash flows: the relative importance of prior earnings, cash flows and accruals. Accounting Enquiries, 10(1), 87-146.
Waddell, D., & Sohal, A.S. (1994). Forcasting: The key to Managerial Decision Making. Management Decision, 32(1), 41 – 49.
Wilson, G. (1986). The relative incremental information content of accruals and cash flows: Combined evidence at the earn-ings announcement and annual report date. Journal of Accounting Research, 24, 163-200.