An investigation on the effects of debt, firm size and liquidity on sensitivity of investment-cash flow: A case study of Tehran Stock Exchange
This paper investigates the effects of debt, firm size and liquidity on internal resources as well as investment expenses on 140 selected firms listed on Tehran Stock Exchange over the period of 2006-2010. The survey has performed based on panel data analysis and the proposed model uses Husman model...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Growing Science
2013-06-01
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| Series: | Management Science Letters |
| Subjects: | |
| Online Access: | http://www.growingscience.com/msl/Vol3/msl_2013_137.pdf |
| _version_ | 1818903563878793216 |
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| author | Abbas Ali Pouraghajan Fatemeh Zabihi |
| author_facet | Abbas Ali Pouraghajan Fatemeh Zabihi |
| author_sort | Abbas Ali Pouraghajan |
| collection | DOAJ |
| description | This paper investigates the effects of debt, firm size and liquidity on internal resources as well as investment expenses on 140 selected firms listed on Tehran Stock Exchange over the period of 2006-2010. The survey has performed based on panel data analysis and the proposed model uses Husman model chooses random effect as well as fixed effect to analyze the data. The results indicate that there was a positive relationship between firms’ debt and sensitivity of investment-cash flow. There are also some positive and meaningful relationship between firms’ size and liquidity on one side and sensitivity of investment-cash flow. |
| first_indexed | 2024-12-19T20:53:32Z |
| format | Article |
| id | doaj.art-c3dfd5c7e29940a3b344adbf2d2dccd8 |
| institution | Directory Open Access Journal |
| issn | 1923-9335 1923-9343 |
| language | English |
| last_indexed | 2024-12-19T20:53:32Z |
| publishDate | 2013-06-01 |
| publisher | Growing Science |
| record_format | Article |
| series | Management Science Letters |
| spelling | doaj.art-c3dfd5c7e29940a3b344adbf2d2dccd82022-12-21T20:06:03ZengGrowing ScienceManagement Science Letters1923-93351923-93432013-06-01361683168610.5267/j.msl.2013.05.017An investigation on the effects of debt, firm size and liquidity on sensitivity of investment-cash flow: A case study of Tehran Stock ExchangeAbbas Ali PouraghajanFatemeh ZabihiThis paper investigates the effects of debt, firm size and liquidity on internal resources as well as investment expenses on 140 selected firms listed on Tehran Stock Exchange over the period of 2006-2010. The survey has performed based on panel data analysis and the proposed model uses Husman model chooses random effect as well as fixed effect to analyze the data. The results indicate that there was a positive relationship between firms’ debt and sensitivity of investment-cash flow. There are also some positive and meaningful relationship between firms’ size and liquidity on one side and sensitivity of investment-cash flow.http://www.growingscience.com/msl/Vol3/msl_2013_137.pdfSensitivity of investment-cash flowDebt ratioFirm size |
| spellingShingle | Abbas Ali Pouraghajan Fatemeh Zabihi An investigation on the effects of debt, firm size and liquidity on sensitivity of investment-cash flow: A case study of Tehran Stock Exchange Management Science Letters Sensitivity of investment-cash flow Debt ratio Firm size |
| title | An investigation on the effects of debt, firm size and liquidity on sensitivity of investment-cash flow: A case study of Tehran Stock Exchange |
| title_full | An investigation on the effects of debt, firm size and liquidity on sensitivity of investment-cash flow: A case study of Tehran Stock Exchange |
| title_fullStr | An investigation on the effects of debt, firm size and liquidity on sensitivity of investment-cash flow: A case study of Tehran Stock Exchange |
| title_full_unstemmed | An investigation on the effects of debt, firm size and liquidity on sensitivity of investment-cash flow: A case study of Tehran Stock Exchange |
| title_short | An investigation on the effects of debt, firm size and liquidity on sensitivity of investment-cash flow: A case study of Tehran Stock Exchange |
| title_sort | investigation on the effects of debt firm size and liquidity on sensitivity of investment cash flow a case study of tehran stock exchange |
| topic | Sensitivity of investment-cash flow Debt ratio Firm size |
| url | http://www.growingscience.com/msl/Vol3/msl_2013_137.pdf |
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