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Research On Application Theory Of Enterprises' Cash Flow Information

Posted on:2009-09-14Degree:DoctorType:Dissertation
Country:ChinaCandidate:T LiFull Text:PDF
GTID:1119360245975640Subject:Technical Economics and Management
Abstract/Summary:PDF Full Text Request
In the 1990s, the statement of cash flow is integrated into the financial report system. From then on, there is an upsurge of study on cash flow information. However, the history of cash flow research in China is not long. Though some scholars have discussed the application of cash flow, their achievements usually focuses on some special parts of cash flow from the view of research contents and conclusions, without a systematical and theory study of cash flow application.This paper proposes the interactive mechanism of the compliancenes, pursuanceness,blendness,boundedness between the essence of corporate economic activity and cash flow bases on the relationship of them; It analyzes the essence of the balanced power of cash flow according to the different channels of getting cash increment on the basis of the realization of the balance of cash flow. It also classifies corporate based on different channels of the balanced power of cash flow to establish a kind of corporate financial model and examines the practical value of it.It introduces the concept and connotation of"cash profit"and carries a study on the relationship between accounting earning and it and proves the practical value of it. We illustrate the practical value of cash flow information on corporate financial decision through a research on the relationship between the cash flow information and financing decisions, investments decisions and dividends decisions. We also carry an empirical study on the basis of the traditional financial evaluation system, we re-establish a new financial evaluation system which including the cash flow information. In order to prove the effect of the new financial evaluation system, we examine the effect of the new system from the four aspects: credit capacity; operating ability; profitable ability; growth ability.This paper lays a theory basis of broadening the application area of cash flow information through the excavation of the interactive mechanism of the corporate economic activities and cash flow; it creates a new pattern of corporate financial condition analysis through proposing the cash flow– balanced power theory; it opens a new thinking of cash flow application through proposing the concept of"cash profit"and an empirical study on it; it proves the application value of cash flow information in corporate financial decisions through carrying an empirical research on the relationship between them; it proves the effect of the financial indexes in corporate financial evaluation through the establishment of a financial evaluation indexes system which bases on the cash flow information.This paper plans to carry on a theory and empirical study on the cash flow application, the topic does not only worth discussing theorically, but also has a significance of practical value and promotion prospect.
Keywords/Search Tags:cash flow, cash balanced power, cash flow condition model, cash profit, evaluation system
PDF Full Text Request
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