Monitoring Distressed Companies through Cash Flow Analysis

被引：12
|
作者：
Fawzi, Noor Salfizan [1 ]
Kamaluddin, Amrizah [1 ]
Sanusi, Zuraidah Mohd [2 ]
机构：
[1] UiTM Shah Alam, Fac Accountancy, Shah Alam, Malaysia
[2] UiTM Shah Alam, Accounting Res Inst, Shah Alam, Malaysia
来源：
7TH INTERNATIONAL CONFERENCE ON FINANCIAL CRIMINOLOGY 2015, 7TH ICFC 2015 | 2015年 / 28卷
关键词：
cash flow ratios; financial distress; logistic regression analysis; Malaysia;
D O I：
10.1016/S2212-5671(15)01092-8
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
The purpose of this paper is to examine the importance of cash flow ratios in determining financial distress companies. Using a logistic regression, this paper analyses the data of 52 distressed and 52 non-distressed companies for three years prior to distress years between 2009 until 2012. The results found that five cash flow ratios are significant predictors of financial distress with the overall predictive accuracy of 82.1 percent. This suggests that cash flow ratios are reliable tools to predict financial distress for Malaysian context. (C) 2015 The Authors. Published by Elsevier B.V.
引用
收藏
页码：136 / 144
页数：9
相关论文
共 50 条
  • [1] A Comparison of Cash Flow Ratios: Distressed and Non-Distressed Companies
    Salfizan, Noor F.
    Amrizah, K. B.
    Zuraidah, M. S.
    [J]. 2014 2ND INTERNATIONAL CONFERENCE IN HUMANITIES, SOCIAL SCIENCES AND GLOBAL BUSINESS MANAGEMENT (ISSGBM 2014), VOL 31, 2014, 31 : 9 - 15
  • [2] THE FLOW OF NET CASH SAVINGS THROUGH LIFE INSURANCE COMPANIES
    LOEWY, H
    [J]. JOURNAL OF THE AMERICAN STATISTICAL ASSOCIATION, 1954, 49 (266) : 362 - 362
  • [3] Analysis of the Solvency of Airport Industry Companies Based on Cash Flow
    Yurievna, Laskina Liubov
    Vladimirovna, Silakova Liubov
    Talibzhanovna, Smirnova Anastasiya
    [J]. VISION 2020: SUSTAINABLE ECONOMIC DEVELOPMENT, INNOVATION MANAGEMENT, AND GLOBAL GROWTH, VOLS I-IX, 2017, 2017, : 3731 - 3740
  • [4] The importance of cash-flow news for financially distressed firms
    Eisdorfer, Assaf
    [J]. FINANCIAL MANAGEMENT, 2007, 36 (03) : 33 - 48
  • [5] Accounting Choices in the Cash Flow Statement: Analysis in Latin American Companies
    Nascimento, Denise Fernandes
    Zanolla, Ercilio
    [J]. CONTABILIDADE GESTAO E GOVERNANCA, 2020, 23 (03): : 424 - 441
  • [6] IMPROVEMENT OF TOOLS FOR CASH FLOW ANALYSIS OF E-COMMERCE COMPANIES
    Khoma, I
    Kostiuk-Pukaliak, O.
    [J]. FINANCIAL AND CREDIT ACTIVITY-PROBLEMS OF THEORY AND PRACTICE, 2019, 3 (30): : 305 - 314
  • [7] FORECASTING OF CASH FLOW OF POWER ENGINEERING COMPANIES
    Lihanova, Zinaida
    [J]. SGEM 2016, BK 2: POLITICAL SCIENCES, LAW, FINANCE, ECONOMICS AND TOURISM CONFERENCE PROCEEDINGS, VOL III, 2016, : 287 - 295
  • [8] Valuing Companies with Cash Flow@Risk
    Bancel, Franck
    Tierny, Jacques
    [J]. JOURNAL OF APPLIED CORPORATE FINANCE, 2011, 23 (02) : 85 - +
  • [9] Cash Holding, Dividend Policy and Cash Flow Management: Dynamic Interaction Analysis Based on Chinese Listed Companies
    Dai, Bin
    [J]. 2016 INTERNATIONAL CONFERENCE ON MANAGEMENT, ECONOMICS AND SOCIAL DEVELOPMENT (ICMESD 2016), 2016, : 1131 - 1136
  • [10] Study on Cash Dividends and Cash Flow Manipulation in Refinancing of China Listed Companies
    Guo, Huiting
    Zhang, Junrui
    Li, Bin
    Liu, Donglin
    [J]. EBM 2010: INTERNATIONAL CONFERENCE ON ENGINEERING AND BUSINESS MANAGEMENT, VOLS 1-8, 2010, : 232 - 238
12345