In theory, it is expected that firm internal funds has no impact on its investments. However, there is a lot of empirical evidence about the positive relationship between firm investment and cash flows. This study uses regression analysis to survey the effects of cash flows on investment decisions of TSE firms between years 1380-1389. The results show that in parallel with previous findings in literature, there is a positive relationship between the two parameters that shows agency problems and market imperfections of Iran capital market
Fadaie Nezhad, M. E., Noferesti, M., & Eghbalnia, M. (2014). Effects of Cash Flow on Corporate Investment Decisions. Accounting and Auditing Research, 6(23), 4-23. doi: 10.22034/iaar.2014.104336
MLA
Mohammad Esmaiel Fadaie Nezhad; Mohammad Noferesti; Mohammad Eghbalnia. "Effects of Cash Flow on Corporate Investment Decisions". Accounting and Auditing Research, 6, 23, 2014, 4-23. doi: 10.22034/iaar.2014.104336
HARVARD
Fadaie Nezhad, M. E., Noferesti, M., Eghbalnia, M. (2014). 'Effects of Cash Flow on Corporate Investment Decisions', Accounting and Auditing Research, 6(23), pp. 4-23. doi: 10.22034/iaar.2014.104336
VANCOUVER
Fadaie Nezhad, M. E., Noferesti, M., Eghbalnia, M. Effects of Cash Flow on Corporate Investment Decisions. Accounting and Auditing Research, 2014; 6(23): 4-23. doi: 10.22034/iaar.2014.104336
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