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Paper Information

Journal:   FINANCIAL KNOWLEDGE OF SECURITY ANALYSIS (FINANCIAL STUDIES)   FALL 2014 , Volume 7 , Number 23; Page(s) 29 To 43.
 
Paper: 

THE INVESTIGATION OF MEMBERSHIP EFFECT IN BUSINESS GROUP ON THE INVESTMENT-CASH FLOW SENSITIVITY

 
 
Author(s):  POURHEIDARI O.*, GHASEMI EGHBASH A.
 
* SHAHID BAHONAR UNIVERSITY OF KERMAN
 
Abstract: 

The main objective of this study investigation the effect of membership in business group on the Investment-cash flow sensitivity. When the external financial resource is scare, the companies use cash flow operation for investing. In Result the investing sensitive to cash flow. If a company membership in business group, it can provide the resources for investing from group and in result the sensitivity of investment to cash flow is reduce. The study sample consists of 120 Firms listed in Tehran stock Exchange during the 2002 to 2011. The multivariate regression is used to analyze the study Hypotheses. The results indicate there is not a significant relationship between cash flow and investment on member firms in business group. Also the results show that there isn’t significant relationship between cash flow and investment on member firms of diversity and non diversity business group in result the Hypotheses is rejected. It shows that Iranian company don’t use from capacities in business group.

 
Keyword(s): INVESTMENT-CASH FLOW SENSITIVITY, BUSINESS GROUP
 
 
References: 
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Click to Cite.
APA: Copy

POURHEIDARI, O., & GHASEMI EGHBASH, A. (2014). THE INVESTIGATION OF MEMBERSHIP EFFECT IN BUSINESS GROUP ON THE INVESTMENT-CASH FLOW SENSITIVITY. FINANCIAL KNOWLEDGE OF SECURITY ANALYSIS (FINANCIAL STUDIES), 7(23), 29-43. https://www.sid.ir/en/journal/ViewPaper.aspx?id=408120



Vancouver: Copy

POURHEIDARI O., GHASEMI EGHBASH A.. THE INVESTIGATION OF MEMBERSHIP EFFECT IN BUSINESS GROUP ON THE INVESTMENT-CASH FLOW SENSITIVITY. FINANCIAL KNOWLEDGE OF SECURITY ANALYSIS (FINANCIAL STUDIES). 2014 [cited 2021May11];7(23):29-43. Available from: https://www.sid.ir/en/journal/ViewPaper.aspx?id=408120



IEEE: Copy

POURHEIDARI, O., GHASEMI EGHBASH, A., 2014. THE INVESTIGATION OF MEMBERSHIP EFFECT IN BUSINESS GROUP ON THE INVESTMENT-CASH FLOW SENSITIVITY. FINANCIAL KNOWLEDGE OF SECURITY ANALYSIS (FINANCIAL STUDIES), [online] 7(23), pp.29-43. Available: https://www.sid.ir/en/journal/ViewPaper.aspx?id=408120.



 
 
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