THE IMPACT OF INTANGIBLE ASSETS AND FIRM-SPECIFIC FACTORS ON CASH FLOWS: AN EMPIRICAL ANALYSIS OF PUBLIC FIRMS LISTED ON THE PAKISTAN STOCK EXCHANGE

Authors

  • FIAZ AHMAD SULEHRI Lahore School of Accountancy and Finance, The University of Lahore, Lahore, Pakistan Author
  • MUHAMMAD RIZWAN Lahore School of Accountancy and Finance, University of Lahore, Pakistan Author
  • ISMAIL SENTURK Department of Economics, Tokat Gaziosmanpasa University, Turkey Author

Keywords:

Cash Flow, Intangible Asset, , Firm Siz, , Growth Opportunit, Profitability, Earnings Volatility

Abstract

Cash flow plays a vital role to bring many benefits to the smooth functioning of the financial system and the economy as a whole. So, it is interesting to study factors affecting cash flow. This study has examined the impact of intangible assets and firm-specific factors on cash flow. We have done our empirical analysis of public firms listed on the Pakistan stock exchange for the years 2009 to 2020. The data has been collected from the financial statements of automobile sectors which are listed on public firms on the Pakistan stock exchange (PSX). Cash flow is most significantly influenced in a positive way by the results that are expected to be generated by intangible assets. The firm size has a negative and significant impact on cash flow. The estimated results of firm growth have a significant and positive impact on cash flow. The estimated profitability results have a significant and negative impact on cash flow. The estimated results of earnings volatility have an insignificant and negative impact on cash flow. The overall results conclude that selected explanatory variables play an important role in determining the level of cash flow.

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Published

2022-09-30

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How to Cite

SULEHRI, F. A. ., RIZWAN, M. ., & SENTURK, I. . (2022). THE IMPACT OF INTANGIBLE ASSETS AND FIRM-SPECIFIC FACTORS ON CASH FLOWS: AN EMPIRICAL ANALYSIS OF PUBLIC FIRMS LISTED ON THE PAKISTAN STOCK EXCHANGE. Bulletin of Business and Economics (BBE), 11(3), 16-26. https://bbejournal.com/BBE/article/view/401

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