The prediction of future cash flows based on operating cash flows, earnings and accruals in the French context
<p dir="ltr">This study investigates the aptitudes of the cash-based and accrual-based accounting data for predicting future cash flows from operations in the French context. In addition, our paper aims to investigate the effect of the economic crisis on the prediction of future cash...
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2020
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| _version_ | 1864513559084400640 |
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| author | Benjamin Noury (17075209) |
| author2 | Helmi Hammami (10028794) A.A. Ousama (17075212) Rami Zeitun (17075215) |
| author2_role | author author author |
| author_facet | Benjamin Noury (17075209) Helmi Hammami (10028794) A.A. Ousama (17075212) Rami Zeitun (17075215) |
| author_role | author |
| dc.creator.none.fl_str_mv | Benjamin Noury (17075209) Helmi Hammami (10028794) A.A. Ousama (17075212) Rami Zeitun (17075215) |
| dc.date.none.fl_str_mv | 2020-12-01T00:00:00Z |
| dc.identifier.none.fl_str_mv | 10.1016/j.jbef.2020.100414 |
| dc.relation.none.fl_str_mv | https://figshare.com/articles/journal_contribution/The_prediction_of_future_cash_flows_based_on_operating_cash_flows_earnings_and_accruals_in_the_French_context/24225628 |
| dc.rights.none.fl_str_mv | CC BY 4.0 info:eu-repo/semantics/openAccess |
| dc.subject.none.fl_str_mv | Commerce, management, tourism and services Banking, finance and investment Economics Applied economics Cash flows Earnings Accruals Economic crisis France |
| dc.title.none.fl_str_mv | The prediction of future cash flows based on operating cash flows, earnings and accruals in the French context |
| dc.type.none.fl_str_mv | Text Journal contribution info:eu-repo/semantics/publishedVersion text contribution to journal |
| description | <p dir="ltr">This study investigates the aptitudes of the cash-based and accrual-based accounting data for predicting future cash flows from operations in the French context. In addition, our paper aims to investigate the effect of the economic crisis on the prediction of future cash flow. The sample consists of 61 non-financial French listed companies, using annual data over the period 1999–2016. The study found that, regardless of the period, the model based on the operating cash flows combined with disaggregate accruals has a stronger explanatory power for predicting future operating cash flows, compared to both earnings and operating cash flows combined with the aggregate accruals models. Moreover, our results show that the aggregation of earnings falsifies the contribution of each accrual item and, as a result, the decomposition of earnings into cash flows and disaggregate accrual enables a much more accurate explanation of future operating cash flows.</p><h2>Other Information</h2><p dir="ltr">Published in: Journal of Behavioral and Experimental Finance<br>License: <a href="http://creativecommons.org/licenses/by/4.0/" target="_blank">http://creativecommons.org/licenses/by/4.0/</a><br>See article on publisher's website: <a href="https://dx.doi.org/10.1016/j.jbef.2020.100414" target="_blank">https://dx.doi.org/10.1016/j.jbef.2020.100414</a></p> |
| eu_rights_str_mv | openAccess |
| id | Manara2_418e0a4d562040f600c1c419f7b3f224 |
| identifier_str_mv | 10.1016/j.jbef.2020.100414 |
| network_acronym_str | Manara2 |
| network_name_str | Manara2 |
| oai_identifier_str | oai:figshare.com:article/24225628 |
| publishDate | 2020 |
| repository.mail.fl_str_mv | |
| repository.name.fl_str_mv | |
| repository_id_str | |
| rights_invalid_str_mv | CC BY 4.0 |
| spelling | The prediction of future cash flows based on operating cash flows, earnings and accruals in the French contextBenjamin Noury (17075209)Helmi Hammami (10028794)A.A. Ousama (17075212)Rami Zeitun (17075215)Commerce, management, tourism and servicesBanking, finance and investmentEconomicsApplied economicsCash flowsEarningsAccrualsEconomic crisisFrance<p dir="ltr">This study investigates the aptitudes of the cash-based and accrual-based accounting data for predicting future cash flows from operations in the French context. In addition, our paper aims to investigate the effect of the economic crisis on the prediction of future cash flow. The sample consists of 61 non-financial French listed companies, using annual data over the period 1999–2016. The study found that, regardless of the period, the model based on the operating cash flows combined with disaggregate accruals has a stronger explanatory power for predicting future operating cash flows, compared to both earnings and operating cash flows combined with the aggregate accruals models. Moreover, our results show that the aggregation of earnings falsifies the contribution of each accrual item and, as a result, the decomposition of earnings into cash flows and disaggregate accrual enables a much more accurate explanation of future operating cash flows.</p><h2>Other Information</h2><p dir="ltr">Published in: Journal of Behavioral and Experimental Finance<br>License: <a href="http://creativecommons.org/licenses/by/4.0/" target="_blank">http://creativecommons.org/licenses/by/4.0/</a><br>See article on publisher's website: <a href="https://dx.doi.org/10.1016/j.jbef.2020.100414" target="_blank">https://dx.doi.org/10.1016/j.jbef.2020.100414</a></p>2020-12-01T00:00:00ZTextJournal contributioninfo:eu-repo/semantics/publishedVersiontextcontribution to journal10.1016/j.jbef.2020.100414https://figshare.com/articles/journal_contribution/The_prediction_of_future_cash_flows_based_on_operating_cash_flows_earnings_and_accruals_in_the_French_context/24225628CC BY 4.0info:eu-repo/semantics/openAccessoai:figshare.com:article/242256282020-12-01T00:00:00Z |
| spellingShingle | The prediction of future cash flows based on operating cash flows, earnings and accruals in the French context Benjamin Noury (17075209) Commerce, management, tourism and services Banking, finance and investment Economics Applied economics Cash flows Earnings Accruals Economic crisis France |
| status_str | publishedVersion |
| title | The prediction of future cash flows based on operating cash flows, earnings and accruals in the French context |
| title_full | The prediction of future cash flows based on operating cash flows, earnings and accruals in the French context |
| title_fullStr | The prediction of future cash flows based on operating cash flows, earnings and accruals in the French context |
| title_full_unstemmed | The prediction of future cash flows based on operating cash flows, earnings and accruals in the French context |
| title_short | The prediction of future cash flows based on operating cash flows, earnings and accruals in the French context |
| title_sort | The prediction of future cash flows based on operating cash flows, earnings and accruals in the French context |
| topic | Commerce, management, tourism and services Banking, finance and investment Economics Applied economics Cash flows Earnings Accruals Economic crisis France |