نوع مقاله : مقاله پژوهشی
نویسندگان
1 دانشجوی دکتری حسابداری ، گروه حسابداری و مدیریت مالی ، دانشکده اقتصاد ومدیریت ، دانشگاه ارومیه، ارومیه ، ایران
2 دانشیار گروه حسابداری و مدیریت مالی ، دانشکده اقتصاد ومدیریت ، دانشگاه ارومیه، ارومیه، ایران
3 دانشیار گروه حسابداری و مدیریت مالی، دانشکده اقتصد و مدیریت، دانشگاه ارومیه، ایران
چکیده
کلیدواژهها
موضوعات
عنوان مقاله [English]
نویسندگان [English]
The purpose of the present study is to investigate the mediating effect of Cash Flow Indicators in the relationship between mispricing and the Firm's Propensity to Hold Cash. Also, this study tries to examine the decision-making method of Tehran Stock Exchange member companies regarding their cash reserves when their shares are mispricing in the market. In this research, the information of 106 companies admitted to the Tehran Stock Exchange during the period of 11 years from 2012 to 2022 were used. Also, to analyze the data related to the research hypotheses, Eviews and Stata software have been used. The results of the first hypothesis showed that mispricing has a positive and significant effect on the Firm's propensity to hold cash. Also, the fitting of the statistical models of the second and third hypothesis shows the confirmation of the mediating effect of cash flow statement indicators in the relationship between mispricing and the Firm's propensity to hold cash, but more detailed investigations prove that the effects of mispricing is mostly transmitted through the channel of financing activities on the firm's propensity to hold cash. Also, the results show that companies tend to keep cash in the mispricing conditions, so that when necessary, they can use these saved funds for investment or other purposes.
کلیدواژهها [English]
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