In this research, we examine the effect of company’s FREE CASH FLOW on financial reporting conservatism. Jensen (1986) argues that as FREE CASH FLOW increases, interests conflict of managers and shareholders increases, increasing the severity of agency problem between managers and shareholders. conservatism is one potential mechanism to address these agency problems. Thus, our prediction is that as FREE CASH FLOW increases, the severity of agency problem increases, increasing the demand for conservatism. In this research,we examined 109 companies (763 firm-year) accepted in Tehran Stock Exchange (TSE) and found evidences consistent with our prediction. We thus provide evidence of a demand for conservatism from the firm’s shareholders.

The aim of this study is to investigate the effect of leverage and FREE CASH FLOW on the CASH holding adjustments. This study is significant as its finding can be of help in the efficient management of CASH holding for achievement of optimal CASH and in establishment of a good policy for CASH management. Therefore, in this study, information about 60 companies in Tehran Stock Exchange during 2003 to 2015 is gathered and analyzed with the Regression Method. The findings show that there is a direct relationship between the leverage and FREE CASH FLOW with the CASH holding adjustments. This relationship is as same as in the companies with the deficit but this relationship does not exist in the companies with the excess CASH holding. These findings can be an emphasis on the need of CASH management to achieve optimal CASH decisions.

This study examined the effect of accumulated CASH FLOW and FREE CASH FLOW flexibility in Tehran Stock Exchange listed companies in 1393 took place. The survey companies listed in Tehran Stock Exchange from 1387 to 1392 was, Consideration of the use of certain criteria, 50 companies qualified and recognized as the sample size was considered. Methods of data collection based on the Tehran Stock Exchange databases, website and software company stock as new software was Rahavard that to collect the required data were used to test the hypotheses. Continue to test the hypothesis Chow and Hausman test, T-test, regression model was used. Statistical methods used in this study using panel data is done using SPSS software and Eviews. The findings Despite the accumulated CASH FLOW and FREE CASH FLOW of financial flexibility to approved, also It was found accumulated CASH FLOW and FREE CASH FLOW in the company' s financial flexibility, financial flexibility than companies that do not have significant difference is positive.

Performance appraisal is a process which help shareholders make informed and optimal investment decisions. In recent decades, a long stream of research has devoted particular attention to the importance and impact of financial decisions on firm performance and firm value. The present study thus is primarily concerned with investigating the association between FREE CASH FLOW and institutional ownership and long-term performance of the firms listed on the Tehran Stock Exchange over the period of 2012-2016. Moreover, firm size, financial leverage and sale grows serve as the control variables of the research. A number of 89 firms listed on the Tehran Stock Exchange were selected, and then the research hypotheses were tested using multivariate regression model based on panel data. The results reveal that firm long-term performance is not significantly correlated with FREE CASH FLOW, yet it has a significant relationship with institutional ownership.

According to the agency problems, the auditing fees can be changed in companies with FREE CASH FLOW (FCF). This research investigated the hypotheses of how the relationship between FCF and growth opportunities of the company causes higher auditing fees. This research is aimed to determine whether or not there is any significant relation between FREE CASH FLOW and Auditing fees. To this end, the data required were collected through 50 companies as the members of Tehran stock Exchange during 2003-2008 by using Rahavard Novin software and TSE site. Multivariate regression was used to test the hypotheses. The research included 3 hypotheses investigating the relationship between FREE CASH FLOW, Debt, divided interest of the company and auditing fees. The results showed that the companies by higher FREE CASH FLOW paid more auditing fess and also the companies with lower debt and divided interest paid lower auditing fees.

This paper examines the effectiveness of CASH distributions to shareholders on operational and FREE CASH FLOW predictability.The Wilcoxon rank sum test has been used to compare the prediction errors and data from 123 firms listed in Tehran Stock Exchange (TSE) for the period from 2002 to 2011 has been examined.Results show that operational and FREE CASH FLOW prediction errors are different among firms with least and most net CASH distributions to shareholders, and also with least and most size. Also, results indicate that, after controlling firm size effect, net CASH distributions to shareholders have effect on operational CASH FLOW prediction error, however, after controlling firm size effect, net CASH distributions to shareholders have no effect on FREE CASH FLOW prediction error.Actually this study suggests that net CASH distribution to shareholders is a sign of future condition of operational CASH FLOW.

Tax avoidance is one of the most important decisions managers, which can have a positive or adverse effect on a firm's value by preventing the transfer of the company's resources to the government. The purpose of this study is to investigate the impact of tax avoidance on firm value in companies listed to Tehran Stock Exchange with a sample of 180 firm's for the years 2008-2018. To test the hypotheses, multivariate linear regression got used and to assess the firm's value, two accounting criteria of FREE CASH FLOW to the firm and FREE CASH FLOW from the business have been used. Also, effective tax rate operating CASH FLOW have been used to measure tax avoidance. The research findings showed that tax avoidance has a positive and significant effect on the accounting criteria of firm's value, which means that with increasing tax avoidance, the value of the company increases. The intensity of this increase in the estimated value of the firm through FREE CASH FLOW from the business is greater than the estimated value of the firm through the FREE CASH FLOW from the firm, which can be due to the neutralization of the financing effect. Thus, the research results confirm the theory of value creation in the relationship between tax avoidance activities and company value.