Operating cash flow asymmetric timeliness in Australia

Lu, M; Shan, Y; Wright, S; Yu, Y

Operating cash flow asymmetric timeliness in Australia

Lu, M Shan, Y

Wright, S

Yu, Y

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Publication Type:: Journal Article
Citation:: Accounting and Finance, 2018
Issue Date:: 2018-01-01

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Field	Value	Language
dc.contributor.author	Lu, M	en_US
dc.contributor.author	Shan, Y https://orcid.org/0000-0003-2156-8722	en_US
dc.contributor.author	Wright, S https://orcid.org/0000-0001-8634-1428	en_US
dc.contributor.author	Yu, Y	en_US
dc.date.issued	2018-01-01	en_US
dc.identifier.citation	Accounting and Finance, 2018	en_US
dc.identifier.issn	0810-5391	en_US
dc.identifier.uri	http://hdl.handle.net/10453/131943
dc.description.abstract	© 2018 AFAANZ. Operating cash flow (CFO) asymmetric timeliness occurs when CFO reflects bad news more quickly than good news. We examine the presence and determinants of CFO asymmetric timeliness in Australia, where substantial differences in reporting requirements of cash flow components, in characteristics of listed companies and in the degree of conservative financial reporting produce contrasting findings to those in the United States. We find supportive evidence for the novel 'sticky cost behaviour' explanation and also the product-pricing strategy, but not the life cycle hypothesis. These findings are useful for investors and analysts concerned with forecasting the future values of companies. Accounting and Finance	en_US
dc.relation.ispartof	Accounting and Finance	en_US
dc.relation.isbasedon	10.1111/acfi.12349	en_US
dc.subject.classification	Accounting	en_US
dc.title	Operating cash flow asymmetric timeliness in Australia	en_US
dc.type	Journal Article
utslib.for	1402 Applied Economics	en_US
utslib.for	1501 Accounting, Auditing and Accountability	en_US
utslib.for	1502 Banking, Finance and Investment	en_US
pubs.embargo.period	Not known	en_US
pubs.organisational-group	/University of Technology Sydney
pubs.organisational-group	/University of Technology Sydney/Faculty of Business
pubs.organisational-group	/University of Technology Sydney/Faculty of Business/Accounting Discipline
utslib.copyright.status	closed_access
pubs.publication-status	Published	en_US

Abstract:

© 2018 AFAANZ. Operating cash flow (CFO) asymmetric timeliness occurs when CFO reflects bad news more quickly than good news. We examine the presence and determinants of CFO asymmetric timeliness in Australia, where substantial differences in reporting requirements of cash flow components, in characteristics of listed companies and in the degree of conservative financial reporting produce contrasting findings to those in the United States. We find supportive evidence for the novel 'sticky cost behaviour' explanation and also the product-pricing strategy, but not the life cycle hypothesis. These findings are useful for investors and analysts concerned with forecasting the future values of companies. Accounting and Finance

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http://hdl.handle.net/10453/131943