Daya prediksi laba dan aliran kas (Studi empiris pada perusahaan manufaktur di Bursa Efek Indonesia periode 2005-2009)

This study provides information on predictive ability of annual earnings and cash flow from operation numbers. We obtained a sample of 42 BEI (Bursa Efek Indonesia) listed companies and 168 observation, year-end firms from 2005 to 2009. We find that both cashflows and earn- ings numbers have substantially predictive ability for future cashflows. Furthermore, this study documents that cashflows numbers have more predictive ability for future cashflows than earn- ings and the result are robust. Keywords: Earnings, Earnings and Cashflows Prediction, Cashflow.