Cash flow management and its effect on firm performance: Empirical evidence on non-financial firms of China.

ABSTRACT: The main purpose of this research is to investigate the impact of changes in cash flow measures and metrics on firm financial performance. The study uses generalized estimating equations (GEEs) methodology to analyze longitudinal data for sample of 20288 listed Chinese non-financial firms from the period 2018:q2-2020:q1. The main advantage of GEEs method over other estimation techniques is its ability to robustly estimate the variances of regression coefficients for data samples that display high correlation between repeated measurements. The findings of study show that the decline in cash flow measures and metrics bring significant positive improvements in the financial performance of firms. The empirical evidence suggests that performance improvement levers (i.e. cash flow measures and m

SUBMITTER: Laghari F 

PROVIDER: S-EPMC10281586 | biostudies-literature | 2023

REPOSITORIES: biostudies-literature