KEMAMPUAN LABA FUNGSIONAL DALAM MENJELASKAN PERILAKU ALIRAN KAS

Abstract: This research investigate the ablility of functional profits to predict and explain the cash flow behavior.  Much of previous study focus on relation of  operating profit, transitory profit, and net profit with ERC and stock return only. Using the panel data 1998-2005 periods that consist of 54 firms (432 firm-years), this research document that gross profit component have the strongest ability to explain cash flow behavior compare with others. Therefore, if investor  want to predict the future cash flows the use of gross profit is the best one.
Keywords: functional profit, cahs flow behavior, gross profit, operating  profit, net profit
Penulis: I Made Narsa
Kode Jurnal: jpmanajemendd080061
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