- Title
- Operating cash flow asymmetric timeliness in Australia
- Creator
- Lu, Meiting; Shan, Yaowen; Wright, Sue; Yu, Yimeng
- Relation
- Accounting and Finance Vol. 60, Issue S1, p. 587-627
- Publisher Link
- http://dx.doi.org/10.1111/acfi.12349
- Publisher
- John Wiley & Sons
- Resource Type
- journal article
- Date
- 2020
- Description
- 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.
- Subject
- operating cash flow; asymmetric timeliness; firm life cycle; cost stickiness
- Identifier
- http://hdl.handle.net/1959.13/1443958
- Identifier
- uon:42158
- Identifier
- ISSN:0810-5391
- Language
- eng
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