Paper Information

Journal:   THE IRANIAN ACCOUNTING AND AUDITING REVIEW   FALL 2007 , Volume 14 , Number 49; Page(s) 111 To 138.
 
Paper: 

DISAGGREGATING OF EARNINGS AND PREDICTING FUTURE OPERATING CASH FLOWS

 
 
Author(s):  ARAB MAZAR YAZDI MOHAMMAD, SAFARZADEH M.H.
 
* 
 
Abstract: 

This article examines the disaggregating of earnings on predicting future operating cash flows in the firms listed in Tehran Stock Exchange. Our sample is 41 firms during the period of 1376-1384 (Iranian calendar). Specifically, our analysis is based on the panel data regression framework employed by Al-Attar and Hussain (2004). We develop a model for cash flow prediction that decomposes earnings into cash and accrual components. We find that earnings components do reflect better information relating to future cash flows. Furthermore we also decompose accruals into five components and investigate the ability of model to predict future cash flows. We find that the disaggregating can generate superior explanatory power in regard to future cash flows.

 
Keyword(s): ACCRUALS, EARNINGS, OPERATING CASH FLOWS, PANEL DATA
 
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