Arus Kas
Arus Kas
Abstrak
The objective of this study is to investigate whether earnings or operating cash flows
have more predictive ability to predict future operating cash flows between firms
reporting positive profit and firms reporting negative profit. Although prior study
indicates a strengthening relationship between earnings and future operating cash
flows for both firms reporting profits and losses, while relationship between current
and future operating cash flows is neither increasing nor decreasing, our result
indicates that both earnings and cash flows have ability to predict future operating
cash flow for firms reporting positive profit. On the other hand, for firms reporting
negative profit, earnings are not significant to predict future operating cash flows
while current operating cash flows still have ability to predict future operating cash
flows.
Key Words: earnings, current operating cash flows, future operating cash flows,
firms reporting positive profit, firms reporting negative profit.
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dengan
atau
tanpa
ramalan
arus
kas.
Hasil
penelitiannya
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= koefisien konstanta.
1, 2
Eit
CFOit
et
= variabel gangguan.
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264
174
106
146
148
146
Tabel 2.
Statistik Deskriptif untuk Perusahaan Berlaba Positif
Descriptive Statistics
N
CFO t+1
Et
CFO t
Valid N (listwise)
546
546
546
546
Minimum
-,64008
,00008
-,46661
Maximum
,41840
,59427
,51939
Mean
Std. Deviation
,0803110
,10592933
,0840064
,08179264
,0903303
,11248929
Tabel 3.
Hasil Regresi untuk Perusahaan Berlaba Positif.
b
Model Summary
Model
1
R
R Square
,483a
,234
Adjusted
R Square
,231
Change Statistics
Std. Error of R Square
df1
df2
Sig. F Change
the Estimate Change F Change
,09290942
,234
82,725
2
543
,000
Regression
Residual
Total
Sum of
Squares
1,428
4,687
6,115
df
2
543
545
Mean Square
,714
,009
F
82,725
Sig.
,000a
Model
1
(Constant)
Et
CFO t
Unstandardized
Coefficients
B
Std. Error
,026
,006
,263
,052
,351
,038
Standardized
Coefficients
Beta
,203
,373
t
4,401
5,073
9,312
Sig.
,000
,000
,000
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N
174
174
174
174
Minimum
,00050
-,55714
-,29968
Maximum
Mean
Std. Deviation
,31651 ,0556439
,05524157
-,00105 -,1191666
,12604999
,28179 ,0368813
,07456103
Tabel 5.
Hasil Regresi untuk Perusahaan Berlaba Negatif.
b
Model Summary
Model
1
R
R Square
,307a
,094
Change Statistics
Adjusted Std. Error of R Square
df1
df2
Sig. F Change
R Square the Estimate Change F Change
,084
,05287760
,094
8,907
2
171
,000
Regression
Residual
Total
Sum of
Squares
,050
,478
,528
df
2
171
173
Mean Square
,025
,003
F
8,907
Sig.
,000a
Coefficientsa
Model
1
(Constant)
Et
CFO t
Unstandardized
Coefficients
B
Std. Error
,043
,006
-,038
,032
,217
,054
Standardized
Coefficients
Beta
-,087
,293
t
7,385
-1,189
4,019
Sig.
,000
,236
,000
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