The study of company dynamics is increasingly influenced by the role that the analysis of cashflows assumes, as these play a central role both for the company's economic performance and inpredictive terms. However, the literature on the predictive capabilities of cash flows is scarce bothin terms of number and depth of research, the samples that have so far been analyzed have limiteddimensions. Taking advantage of the power and opportunities offered by digitization, which allowsimmediate access to data and information in ever greater quantities, our work has the aim ofstudying the relationships between cash flows (of different management areas) and the economicperformance of the company using a complete sample of Italian listed digital firms in the 2008-2019 period with more solid statistical tools compared to previous studies. The choice of thedatabase, to collect all the necessary balance sheet data, fell on Amadeus of the Bureau van Dijkplatform, which already shows reclassified and easily comparable balance sheets. To assess whetherour cash flow proxies could be strong predictors of future cash flow and, consequently, of businessperformance, we will use correlation analysis and multiple regression
The Relation between Cash Flows and Economic Performance in the Digital Age: an Empirical Analysis
TRON A;DELLA CORTE G
2020-01-01
Abstract
The study of company dynamics is increasingly influenced by the role that the analysis of cashflows assumes, as these play a central role both for the company's economic performance and inpredictive terms. However, the literature on the predictive capabilities of cash flows is scarce bothin terms of number and depth of research, the samples that have so far been analyzed have limiteddimensions. Taking advantage of the power and opportunities offered by digitization, which allowsimmediate access to data and information in ever greater quantities, our work has the aim ofstudying the relationships between cash flows (of different management areas) and the economicperformance of the company using a complete sample of Italian listed digital firms in the 2008-2019 period with more solid statistical tools compared to previous studies. The choice of thedatabase, to collect all the necessary balance sheet data, fell on Amadeus of the Bureau van Dijkplatform, which already shows reclassified and easily comparable balance sheets. To assess whetherour cash flow proxies could be strong predictors of future cash flow and, consequently, of businessperformance, we will use correlation analysis and multiple regressionI documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.
