Arabsalehi, M., Ashrafi Azarkharani, M. (2011). Investment-Cash flow Sensitivity of Cash Reserves in Firms Listed on Tehran Stock Exchange. M.A Thesis. Isfahan University.
 Arata, H. H. Sheng, M. Lora, I. (2015). Internationalization and Corporate Cash Holdings: Evidence from Brazil and Mexico. RAC Jeniuro, 19: 1-19.
 Alimov,A (2014). Product MarketCompetition and the Value of Corporate Cash. Research Centre for International Economics. City University of Hong Kong.
 Almeida, H. Campello, M., Weisbach, M.S. (2004). The cash flow sensitivity of cash, Journal of Finance, 59:39-56.
 Azimi, M. Sabagh, M. (2014). Value relation of cash holdings in companies listed in of Tehran Stock Exchange. Quarterly Financial Accounting. 21:61-80.
 Bao, D., Chan, K., & Zhang, W. (2012). Asymmetric cash flow sensitivity of cash holdings. Journal of Corporate Finance, 18: 690-700.
 Beuselinck, C., Yan, D. (2016). Determinants of cash holdings in multinational corporation’s foreings subsidiaries: U.S. subsidiaries in china. Corporate Governance: An International Review, 25: 49-63.
 Bodnar, G. Weintrop, J. (1997). The valuation of the foreign income of U.S. multinational firms: A growth opportunities perspective. Journal of Accounting and Economics, 24: 69-98.
 Chiang, Y.-C., & Wang, C.-D. (2011). Corporate international activities and cash holdings. African Journal of Business Management, 5:2992-3000.
 Chang, K. Noorbakhsh, A. (2006). Corporate cash holdings, foreign direct investment, and corporate governance. Global Finance. Journal, 16: 111-133.
 Chen CJP, Cheng CSA, He J, Kim J (1997). An investigation of the relationship between international activities and capital structure. Journal of International Business Studies, 28(3): 563-577.
 Doukas J. A., Pantzalis, C (2003). Geographic diversification and agency costs of debt of multinational firms. Journal of Corporate Finance, 9: 59-92.
 Dittmar, A., Duchin, R. (2013). Looking in the rear view mirror: The effect of managers’ professional experience on corporate cash holdings. Journal of Finance, 50: 1-51.
 Fakhari, H., Taghavi, R., Bashirijuybari, M. (2015). The impact of product market competition on the market value of cash holdings of companies, The knowledge of Financial Accounting Journal. 1:47-65.
 Foroughi, D., Farzadi, S. (2013). The Effect of Changes In Cash Flows on Cash Holdings With a View To Financing Constraints Of Listed Companies In Tehran Stock Exchange. M.A Thesis. Isfahan University.
 Foroughi, D., Farzadi, S. (2014). The effect of changes in cash flows on cash holdings with regard to the limitation of financial companies listed on Tehran Stock Exchange. Journal of Asset Management and Financing. 2:21-36.
 Grant R. M. (1987). Multinationality and performance among British manufacturing companies. Journal of International Business Studies, 18(1): 79-89.
 Garcia-Teruel, P. J. P. Martinez-Solano, J. & Sanchez-Ballesta, P. (2009). Accruals quality and corporate cash holdings, Journal of Accounting and Finance, 49: 95-115.
 GuneyYilmaz، OzkanAydin، OzkanNeslihan، (2003). Additional international evidence on corporate cash holdings, available at www.ssrn.com, id=406721.
 Hansen B. E. (1999). Threshold effects in non-dynamic panels: Estimation, testing and inference. Journal of Econometrics. 93: 345-368.
 Hittman R., Stevehollen (2010). International evidence on cash holdings and expected managerial agency problems. Review of Financial Studies, 20(4):1087-1112.
 Hymer (1976). The threshold of internationalization: replication, extension, and reinterpretation manage. International Reviews, 34(2): 165-186.
 Izadiniya, N. & Rasaeiyan A. (2010). Monitoring tools of corporate governance, cash holdings and performance of listed companies in Tehran Stock Exchange. Research and Economic Policies. 55: 141-154.
 Kadapakkam P. R. Kumar, P., & Riddick, L., (1998). The impact of cash flows and firm size on investment: the international evidence. Journal of Banking and Finance 22:293-320.
 Kashanipour, M. Naqinejad, B. (2009). The effect of financing constraints on cash flow sensitivity of cash. Accounting Research Journal. 2:72-93.
 Kashanipour, M., Rasekhi, S, Naqinejad, B. & Rasaeiyan, A. (2010). Financial constraints and the sensitivity of investment to cash flows in the Tehran Stock Exchange. Accounting Advances Journal. 3:51-74.
 Lee K. C., Kwok C. (1988). Multinational corporations vs. domestic corporations: international environmental factors and determinants of capital structure. Journal of International Business Studies, 19(1): 195-217.
 Lee S, Habet DM (2004). Corporate international activity and debt financing. Journal of International Business Studies, 33(1): 129-147.
 Opler, T., Pinkowitz, L., & Stulz, R. (1999). The determinants and implications of corporate cash holdings. Journal of Finance Economics, 52(1): 3-46.
 Ozkan A., Ozkan N. (2004). Corporate cash holdings: An empirical investigation of UK companies. Journal of Banking Finance, 28: 2103–2134.
 Riddick, L., Whited, T., 2009. The Corporate propensity to save. The Journal of Finance, 64, 1729-1766.
 Ramirez, A., Tadesse, S. (2009). Corporate cash holdings, uncertainty avoidance, and the multinationality of firm. International Business Review, 18, 387-403.
 Rasaeiyan, A., Hanjari, S. & Rahimi, F. (2010).The effect of regulatory mechanisms of corporate governance in the cash holdings. Research of Financial Accounting Journal. 6:11-21.  Tahmasebi, I., Soleimani, S. (2011). The impact of macroeconomic variables on stock returns Investment Companies listed on Tehran Stock Exchange. Economic Research Journal, 5:209-236.
 Whited, T. M., Wu, G. (2006). Financial constraint risk. Review of Financial Studies. 19, 531–559.
 Wright F. W., Madura, J., & Wiant, K. (2002). The differential effects of agency costs on multinational corporations. Applied Financial Economics, 12: 347-359