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:: year 6, Issue 21 (2014) ::
quarterly financial accounting journal 2014, 6(21): 129-152 Back to browse issues page
The value Relevance of Cash Holding in the Companies Listed in Tehran Stock Exchange
Abstract:   (10740 Views)
One of the most important issues in financial management is cash holding. How to use firm’s assets and especially firm’s cash is a major discussion between stockholders and managers. To maximize firm’s value, managers try to choose a suitable combination of firm’s assets and debts. In this paper, it is tried to test the value relevance of cash holdings. This study is an experimental-basic research and on the nature is a correlational. The multiple regression model with pooling data is used. To test the research hypotheses a sample of 118 companies listed in Tehran stock exchange, using screening sampling is selected, over the period 2006-2010. The results of study show that cash holdings don’t have negative relation with firm’s value, but extra cash holdings with current level of firm’s cash have negative relation with firm’s value. Also, stockholders pay attention to current ratio and immediate ratio in leveraged companies very much.
Keywords: Value Relevance, Cash Holdings, Benchmark Return for the stock, Financial Leverage
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Type of Study: Research | Subject: Special
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The value Relevance of Cash Holding in the Companies Listed in Tehran Stock Exchange. quarterly financial accounting journal. 2014; 6 (21) :129-152
URL: http://qfaj.ir/article-1-115-en.html

year 6, Issue 21 (2014) Back to browse issues page
فصلنامه حسابداری مالی Quarterly Financial Accounting
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