The Usefulness of Aggregated and Disaggregated Cash Flows in Signaling Financial Distress (original) (raw)

The Usefulness of Aggregated and Disaggregated Cash Flows in Signaling Financial Distress

1998

Abstract

Abstract: This study compares the incremental usefulness of aggregated net and disaggregated gross cash flows in signaling future firm financial distress. Our study extends previous research because we used actual reported, rather than estimated, cash flows. ...

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