TABLE 1 THE ANALYSIS OF THE RELATIONSHIP OF CASH FLOW RATIOS AND
FUTURE EARNINGS OF ALL ANALYZED UNITS OF THE SAMPLE GROUP
Variable future earnings financial costs
CFOF β 0.251 -0.824
t-value 2.342 -1.421
Sig. 0.019* 0.156
CFOL β 0.262 -0.066
t-value 15.474 -2.249
Sig. 0.000*** 0.025*
CFOA β 0.059 -0.085
t-value 3.680 -5.344
Sig. 0.000*** 0.000***
CFOS β 0.043 -0.137
t-value 2.519 -2.102
Sig. 0.012* 0.036*
CFOP β 0.059 -0.031
t-value 3.434 -1.990
Sig. 0.001*** 0.047*
CFOE β 0.045 0.077
t-value 2.941 5.066
Sig. 0.003** 0.000***
Size β 0.335 0.672
t-value 3.122 41.689
Sig. 0.002*** 0.000***
Risk β -0.129 0.878
t-value -8.300 1.499
Sig. 0.000*** 0.134
R
2
= 0.640
F = 356.421
R
2
= 0.558
F = 307.319