The aim of this research is to investigate the factors affecting free cash flow valuation of the companies. In this research, the variables of growth opportunities, earnings quality, managerial ownership, financial leverage and institutional ownership as factors affecting the valuation of corporate free cash flow was used. Therefore, data from companies listed in Tehran Stock Exchange for the period 1383 to 1389 were used and the panel data regression model was used to test the hypotheses. The results showed that the valuation of free cash flow for firms with higher growth opportunities are more than other companies' valuation of free cash flow. Also, the results showed that the valuation of free cash flow for firms with higher managerial ownership percent and financial leverage are less than other firms' free cash flow valuation. However, the results for the impact of institutional ownership and earnings quality are not significant.
Khodadadi, V., Farazmand, H., & Ghorbani, R. (2015). Factors affecting free cash flow valuation of listed companies in Tehran Stock Exchange. Accounting and Auditing Research, 7(26), 28-45. doi: 10.22034/iaar.2015.103904
MLA
Vali Khodadadi; Hasan Farazmand; Ramin Ghorbani. "Factors affecting free cash flow valuation of listed companies in Tehran Stock Exchange". Accounting and Auditing Research, 7, 26, 2015, 28-45. doi: 10.22034/iaar.2015.103904
HARVARD
Khodadadi, V., Farazmand, H., Ghorbani, R. (2015). 'Factors affecting free cash flow valuation of listed companies in Tehran Stock Exchange', Accounting and Auditing Research, 7(26), pp. 28-45. doi: 10.22034/iaar.2015.103904
VANCOUVER
Khodadadi, V., Farazmand, H., Ghorbani, R. Factors affecting free cash flow valuation of listed companies in Tehran Stock Exchange. Accounting and Auditing Research, 2015; 7(26): 28-45. doi: 10.22034/iaar.2015.103904
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