EFFECTS OF CASH FLOW ON THE PERFORMANCE OF NON-FINANCIAL COMPANIES LISTED ON VIETNAM'S STOCK MARKET USE THE FIXED EFFECTS MODEL

Abstract

The paper study the effects of cash flow on the performance of non-financial
companies listed on Vietnam's stock market for the period of 2009-2018. The
stuty use the fixed effects model, with panel data. The results show that cash
flow has a positive effect on the performance of the business. In addition, the
results also indicate that the size of the business and the debt ratio have a
negative impact on the performance of the business. In contrast, asset growth
and investment opportunities have a positive effect on business performance.
From which, the author highlighted some recomemdations for manager to
improve operational efficiency.