Cash flow forecast for South African firms

Article English OPEN
Li, Yun; Moutinho, Luiz; Opong, Kwaku K.; Pang, Yang;
(2015)
  • Publisher: Elsevier BV
  • Journal: Review of Development Finance,volume 5,issue 1,pages24-33 (issn: 1879-9337)
  • Publisher copyright policies & self-archiving
  • Related identifiers: doi: 10.1016/j.rdf.2014.11.001
  • Subject: Accruals | Predictive models | HG1-9999 | Economic growth, development, planning | Cash flow | Moving average | Economics and Econometrics | HD72-88 | Depreciation | Finance | Vector autoregressive model

This paper applies models in the extant literature that have been used to forecast operating cash flows to predict the cash flows of South African firms listed on the Johannesburg Stock Exchange. Out-of-sample performance is examined for each model and compared between ... View more
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