Determining the Relationship between Accruals Quality and Cash Holdings for Listed Companies in the Tehran Stock Exchange
The aim of this study is to investigate the relationship between the accruals quality and the cash holdings for the listed companies in the Tehran Stock Exchange. For determining the accruals quality, Dechow and Dichev model (2002) and to separate accruals in two components, namely the Discretionary...
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| Format: | Article |
| Language: | fas |
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Shahid Bahonar University of Kerman
2012-08-01
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| Series: | مجله دانش حسابداری |
| Subjects: | |
| Online Access: | https://jak.uk.ac.ir/article_115_b3681c056f3e7eef97385146158b1494.pdf |
| _version_ | 1828951838206984192 |
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| author | Shokrollah Khajavi Anvar Bayazidi Saeed Jabbarzadeh Kangarlue |
| author_facet | Shokrollah Khajavi Anvar Bayazidi Saeed Jabbarzadeh Kangarlue |
| author_sort | Shokrollah Khajavi |
| collection | DOAJ |
| description | The aim of this study is to investigate the relationship between the accruals quality and the cash holdings for the listed companies in the Tehran Stock Exchange. For determining the accruals quality, Dechow and Dichev model (2002) and to separate accruals in two components, namely the Discretionary and Non-discretionary, adjusted Jones model was employed. To measure of the cash holdings in exchange companies, Ozkan and Ozkan (2004) and Opler et al (1999) models were used. Our study sample included 54 listed companies in the Tehran Stock Exchange (TSE) during 2003 to 2009. For testify the hypotheses, pooled data (fixed effects) and econometric software of Eviews 6, were exerted.
The results of the study reveal there is a positive and no significant relationship between the accruals quality and the cash holdings, but this relationship between discretionary and non-discretionary accruals with cash holdings was negative and significant and negative but no significant, sequentially. Too, findings show bigger companies and companies have other cash assets other than cash, hold less cash but conversely, companies have more return on cash (opportunity cost on investing in cash assets) hold more cash. |
| first_indexed | 2024-12-14T06:44:37Z |
| format | Article |
| id | doaj.art-7c0d4a9b625d41afab1679048857c2e7 |
| institution | Directory Open Access Journal |
| issn | 2008-8914 2476-292X |
| language | fas |
| last_indexed | 2024-12-14T06:44:37Z |
| publishDate | 2012-08-01 |
| publisher | Shahid Bahonar University of Kerman |
| record_format | Article |
| series | مجله دانش حسابداری |
| spelling | doaj.art-7c0d4a9b625d41afab1679048857c2e72022-12-21T23:13:07ZfasShahid Bahonar University of Kermanمجله دانش حسابداری2008-89142476-292X2012-08-0139557610.22103/jak.2012.115115Determining the Relationship between Accruals Quality and Cash Holdings for Listed Companies in the Tehran Stock ExchangeShokrollah Khajavi0Anvar Bayazidi1Saeed Jabbarzadeh Kangarlue2استادیار حسابداری، دانشگاه شیرازکارشناس ارشد حسابداری، دانشگاه شیرازدکتری حسابداری و عضو هیأت علمی دانشگاه آزاد اسلامی واحد ارومیهThe aim of this study is to investigate the relationship between the accruals quality and the cash holdings for the listed companies in the Tehran Stock Exchange. For determining the accruals quality, Dechow and Dichev model (2002) and to separate accruals in two components, namely the Discretionary and Non-discretionary, adjusted Jones model was employed. To measure of the cash holdings in exchange companies, Ozkan and Ozkan (2004) and Opler et al (1999) models were used. Our study sample included 54 listed companies in the Tehran Stock Exchange (TSE) during 2003 to 2009. For testify the hypotheses, pooled data (fixed effects) and econometric software of Eviews 6, were exerted. The results of the study reveal there is a positive and no significant relationship between the accruals quality and the cash holdings, but this relationship between discretionary and non-discretionary accruals with cash holdings was negative and significant and negative but no significant, sequentially. Too, findings show bigger companies and companies have other cash assets other than cash, hold less cash but conversely, companies have more return on cash (opportunity cost on investing in cash assets) hold more cash.https://jak.uk.ac.ir/article_115_b3681c056f3e7eef97385146158b1494.pdfaccruals qualitynon-discretionary and discretionary accruals itemscash holdings |
| spellingShingle | Shokrollah Khajavi Anvar Bayazidi Saeed Jabbarzadeh Kangarlue Determining the Relationship between Accruals Quality and Cash Holdings for Listed Companies in the Tehran Stock Exchange مجله دانش حسابداری accruals quality non-discretionary and discretionary accruals items cash holdings |
| title | Determining the Relationship between Accruals Quality and Cash Holdings for Listed Companies in the Tehran Stock Exchange |
| title_full | Determining the Relationship between Accruals Quality and Cash Holdings for Listed Companies in the Tehran Stock Exchange |
| title_fullStr | Determining the Relationship between Accruals Quality and Cash Holdings for Listed Companies in the Tehran Stock Exchange |
| title_full_unstemmed | Determining the Relationship between Accruals Quality and Cash Holdings for Listed Companies in the Tehran Stock Exchange |
| title_short | Determining the Relationship between Accruals Quality and Cash Holdings for Listed Companies in the Tehran Stock Exchange |
| title_sort | determining the relationship between accruals quality and cash holdings for listed companies in the tehran stock exchange |
| topic | accruals quality non-discretionary and discretionary accruals items cash holdings |
| url | https://jak.uk.ac.ir/article_115_b3681c056f3e7eef97385146158b1494.pdf |
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