2024 - Franco Angeli
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The relevance of cash flow information in predicting corporate bankruptcy in Italian private companies
P. 179-202
- This study investigates the relevance of cash flow information in predicting corpo-rate bankruptcy in Italian private companies. The results indicate that while the cash flow-based model exhibits a high predictive capacity, it is less effective than the accrual-based model. In addition, cash flow-based ratios do not improve the predictive capacity of the accrual-based model. From a theoretical perspective, this study enriches existing literature on the relevance of cash flow information in predicting corporate bankruptcy by extending the investigation to the Italian con-text, which has not yet been sufficiently studied. From a practical standpoint, it provides Italian companies with new bankruptcy prediction models and offers pre-liminary suggestions regarding the relevance that should be attributed to cash flow information.
- within the organizational, administrative, and accounting structures that they must establish to promptly detect crises and undertake appropriate initia-tives in a timely manner to comply with the requirements of the new legislation on business crises.[Publisher's Text].
Ist Teil von
Management Control : 1, 2024-
Informationen
ISSN: 2239-4397
KEYWORDS
- Corporate bankruptcy prediction, Cash flow statement, Cash flow in-formation, Private companies, Italy
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