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Cash Flow Indicators for Bankruptcy Prediction by Wahyu Eko N is a document available to read on EtoBox.
What is Cash Flow Indicators for Bankruptcy Prediction about?
The paper examines the limitations of traditional bankruptcy modeling that relies on accrual-based ratios, arguing that cash flow indicators are more reliable predictors of financial distress due to their resistance to earnings manipulation. The authors propose a modified hybrid model that utilizes cash flow-based ratios in combination with other financial indicators, tested on a sample of 4,350 Czech manufacturing SMEs. Results indicate that operating cash flow ratios are significant predictors of financia
- Author
- Wahyu Eko N
- Language
- EN