The meaning of net cash flow in explanation for financial distress of firms listed in Vietnam
Keywords:
non-financial firms, financial distress, net cash flow.
Abstract
This paper examines the meaning of net cash flow as the explanation for financial distress of the non-financial firms listed in Vietnam. 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 net cash flow in the same period has no significant in explanation for financial distress’s firms, while net cash flow in the previous period has a significant negative explanation for financial distress’s firms.
