Does Human Resource Investment for Internal Control System Enhance Future Cash Flow Predictability?

被引：2

作者：

Lee, Jaehong ^{[1
]}

Kim, Suyon ^{[2
]}

机构：

[1] Kyonggi Univ, Div Accounting Tax & Management Informat Syst, Suwon 16227, South Korea

[2] Jeonbuk Natl Univ, Dept Accounting, Jeonju 54896, South Korea

来源：

SUSTAINABILITY | 2020年 / 12卷 / 20期

关键词：

internal control system; human resource investment; future cash flow predictability; sustainability; EARNINGS;

D O I：

10.3390/su12208500

中图分类号：

X [环境科学、安全科学];

学科分类号：

08 ; 0830 ;

摘要：

Generating positive long-term cash flow is vital for a firm's sustainability. In this paper, we consider the earnings in the forecasting of future cash flow from a human resource investment of an internal control system. Using the firms listed in the Korea Stock Exchange market from 2014 to 2018, we find that the current earnings are the components of cash flow forecasting, and this relationship is genuine in a firm equipped with sufficient internal control personnel and their experiences. These findings indicate that earnings are reliable when forecasting future cash flow for a firm with a well-operated foundation.

引用

页码：1 / 16

页数：16

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