Operating cash flow in commercial firms listed on the Ho Chi Minh Stock Exchange

• Autorzy: Tai Do Duc , Dung Tran Manh , Hong Nguyen Thi Xuan

Identyfikatory

DOI

10.15439/2021KM34

• Języki publikacji: EN

Abstrakty

EN

The study is conducted to scrutinize four operating cash flow indices of commercial firms listed on the Ho Chi Minh Stock Exchange (HSX). The research employs a set of aggregated data from 14 commercial firms. At the same time, the study also receives comments from experts experienced in the same field. We used both qualitative and quantitative methods. We have performed some descriptive analysis, compared to evaluate and measure four operating cash flow indices of commercial firms, including: (i) Operating cash flow/net sales; (ii) Operating cash flow/total assets, (iii) Operating cash flow/owner's equity, and (iv) Operating cash flow/net operating profit. The results illustrate that there is a big difference in operating cash flow indices of commercial firms listed in the context of Vietnam. Foreign ownership accounts for a relatively low proportion of these firms. Based on the results, some suggestions are proposed for commercial firms in order to improve the four operating cash flow indices.

Słowa kluczowe

EN

cash flow; net rates; assets; owner's equity

PL

przepływ środków pieniężnych; wartość netto; aktywa; kapitał własny; właściciel

• Wydawca: Polskie Towarzystwo Informatyczne
• Czasopismo: Annals of Computer Science and Information Systems
• Rocznik: 2021
• Tom: Vol. 28
• Strony: 277--282
• Opis fizyczny: Bibliogr. 13 poz., tab.

Twórcy

autor

Tai Do Duc

• University of Labor and Social Affairs, Vietnam

autor

Dung Tran Manh

• National Economics University, Vietnam

autor

Hong Nguyen Thi Xuan

• Hanoi University of Industry, Vietnam

Bibliografia

• 1. Anh, N. H. (2013). Forecast operating cash flow of enterprises listed on the Ho Chi Minh City Stock Exchange. Journal of Economic and Development, 10/2013, 20-27. [Vietnamese]
• 2. Anh, N. H., and Hieu, N. T. (2015).Using historical accounting profit and cash flow information to forecast operating cash flow of non-financial firms listed on the Ho Chi Minh Stock Exchange. Journal of Economy of Asia - Pacific, 458, 78-80. [Vietnamese]
• 3. Asgari, L., Salehi, M., and Mohammadi, A. (2014). Incremental Information Content of Cash Flow and Earnings in the Iranian Capital Market. Journal of Industrial Distribution and Business, 5-1, 5-9.
• 4. Bryman, A., and Cramer, D. (2001). Quantitative data analysis with SPSS release 10 for Windows: A guide for social scientists (1st Ed.). https://doi.org/10.4324/9780203471548
• 5. Greenberg, R., Johnson, G., & Ramesh. K. (1986). Earnings versus Cash Flow as a Predictor of Future Cash Flow Measures. Journal of Accounting, Auditing & Finance, 1(4), 266-277.
• 6. Habib, A. (2010). Prediction of operating cash flows: further evidence from Australia. Australian Accounting Review, 20(2), 134.
• 7. Hau, L. L., and Vy, Q. N. T. (2017). The influences of free cash flows on firm performance: Evidence from listed firms on the Ho Chi Minh stock Exchange. The journal of Banking Technology, 137, 72-84. [Vietnamese]
• 8. Lau, W. T., and Mahat, F. B. (2019). Robustness of Cash Flow Value: Investment in ASEAN. Journal of Asian Finance, Economics and Business, 6(2), 247-255.
• 9. Malmendier, U., and Tate, G. (2005). CEO overconfidence and corporate investment. The Journal of Finance, 60(6), 2661-2700.
• 10. Ministry of Finance (2014), Circular No. 200/2014/TT-BTC on guiding the accounting system of firms, Finance Publishing House.
• 11. Pouraghajan, A., Emamgholipour, M., Niazi, F., and Samakosh, A. (2012). Information content of earnings and operating cash flows: evidence from the Tehran Stock Exchange. International Journal of Economics and Finance, 4, 41-51.
• 12. Website: cophieu68.vn
• 12. Website: finance.vietstock.vn

Uwagi

1. Preface

2. Session: International Conference on Research in Management and Technovation