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Asset Tangibility, Cash Holding and Financial Development
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Mostafa Hashemi Tilehnouei1   , Fatemeh Samadi2 , Maliheh Mozafari2 |
1- Islamic Azad University, East Tehran Branch (Author) , mostafahashemi82@gmail.com
2- Islamic Azad University, East Tehran Branch |
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Abstract: (1190 Views) |
The present study investigates the moderating effect of financial development on the relationship between tangible assets and cash holdings of listed companies in Tehran Stock Exchange. The statistical population of the present study includes all companies listed in Tehran Stock Exchange. In order to select the sample size, the systematic elimination sampling method (screening) was used. The 7-year-olds were analyzed between 2011 and 2016 (a total of 1008 years-in-company). Multivariate regression methods using Eviews8 software and panel data method (panel-fixed effects) were used to test the hypotheses. The results show that there is a negative and significant relationship between tangible assets and cash holdings of companies. Also, financial development does not have a significant negative effect on the relationship between tangible assets and corporate cash holdings.
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Article number: 9 |
| Keywords: Financial Development, Tangible Assets, Cash Retention, Asset Management |
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Full-Text [PDF 642 kb]
(505 Downloads)
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Article type: Research |
Subject:
Special
Received: 2021/10/28 | Accepted: 2022/01/8 | Published: 2022/12/1
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