THE PREDICTABILITY OF PAST FIRMS’ PERFORMANCE ON FUTURE CASH FLOWS

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เผยแพร่แล้ว: เม.ย. 1, 2015

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Kusuma Dampitakse
Panarat Panmanee

บทคัดย่อ

This research investigated the predictability of past financial performance on future cash flows and the effects of financial and non-financial factors on the predictability. The secondary data was collected from financial reports and SET data of Thai listed companies in Agro & food industry and Technology industry during the period 2005 to 2010. The statistical analysis was conducted with regression statistic method.              The findings revealed that the predictability of past financial performance were different between industries. The findings showed that earnings had higher predictability in Agro & food industry than operating cash flows, free cash flows and comprehensive income.  On the other hand, it found that operating cash flows was higher predictability than the others in Technology industry. Considering the effects of financial and non-financial factors, the results revealed that firm size and market risk were significant effects on the predictability of past financial performance. 

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ฉบับ
ปีที่ 7 ฉบับที่ 1 (2015): มกราคม-เมษายน
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บทความวิจัย

“ข้าพเจ้าและผู้เขียนร่วม (ถ้ามี) ขอรับรองว่า บทความที่เสนอมานี้ยังไม่เคยได้รับการตีพิมพ์และไม่ได้อยู่ระหว่างกระบวนการพิจารณาลงตีพิมพ์ในวารสารหรือแหล่งเผยแพร่อื่นใด ข้าพเจ้าและผู้เขียนร่วมยอมรับหลักเกณฑ์การพิจารณาต้นฉบับ ทั้งยินยอมให้กองบรรณาธิการมีสิทธิ์พิจารณาและตรวจแก้ต้นฉบับได้ตามที่เห็นสมควร พร้อมนี้ขอมอบลิขสิทธิ์บทความที่ได้รับการตีพิมพ์ให้แก่สถาบันการจัดการปัญญาภิวัฒน์หากมีการฟ้องร้องเรื่องการละเมิดลิขสิทธิ์เกี่ยวกับภาพ กราฟ ข้อความส่วนใดส่วนหนึ่งและ/หรือข้อคิดเห็นที่ปรากฏในบทความข้าพเจ้าและผู้เขียนร่วมยินยอมรับผิดชอบแต่เพียงฝ่ายเดียว”

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