Financial distress and cash flows of non-financial firms listed in Vietnam

  • Bui Kim Dung
  • Mai Thi Truc Nhan
Keywords: : financial distress, operating cash flows, investing cash flows, financing cash flows.

Abstract

This paper studies cash flows as the evidence for financial distress of the non-financial firms
listed in Vietnam. The research data is collected from audited financial statements of 542 non-financial
firms in the period of 2014- 2018. Regression analysis with GLS shows that operating cash flows have
negative significant effect on financial distress, while investing and financing cash flows have positive
significant effect on financial distress.

điểm /   đánh giá
Published
2021-04-20
Issue
No. 226 (2021)
Section
Bài viết