摘要
基于扩展后的DKW模型,结合中国的经济环境,可以设计出检验历史现金流的增量预测价值模型,用以验证“中国资本市场披露现金流量信息具有决策有用性”这一主题。实证结果表明,增加现金流量表后的现金预测模型具有更强的预测能力,从而印证了《企业会计准则——现金流量表》引言中的断定:现金流量信息的披露有助于投资者预测企业的未来现金流量。
Based on developed DKW model and Chinese economic environment, this paper makes incremental-predicting models to verify that revealing cash-flow information in China capital markets is useful for decision-making. Positive analysis shows that the cash-predicting models with cash-flow tables are more powerful, and revealing cash-flow information is useful for investors to predict future cash flows.
出处
《经济理论与经济管理》
CSSCI
北大核心
2003年第10期29-35,共7页
Economic Theory and Business Management
基金
国家自然科学基金(70072035)
