1
Professor of Accounting, University of Tehran, Tehran, Iran
2
Department of accounting, Bandargaz Branch, Islamic Azad University, Bandargaz,Iran
3
Department of Accounting, Seminary Institute of Hakim Jorjani, Gorgan, Iran
Abstract
This paper is concerned with examining the relationship between cash holdings and firm value with an emphasis on the moderating role of managerial ownership. The research hypotheses were analyzed based on a sample of 76 firms listed in Tehran stock exchange during the years 1389-1393 and using multivariate regression model based on the panel data techniques. The results reveal that there is a significant and negative relationship between firm value and cash holdings while a significant and positive relationship was observed between firm value and managerial ownership. In addition, the results showed that managerial ownership has no effect on the relationship between cash holdings and firm value.
Noravesh,I. , Safari Gerayli,M. and Momeni Yanesari,A. (2018). Managerial Ownership, Cash Holdings and Firm Valuation. Accounting and Auditing Research, 10(39), 5-20.
MLA
Noravesh,I. , , Safari Gerayli,M. , and Momeni Yanesari,A. . "Managerial Ownership, Cash Holdings and Firm Valuation", Accounting and Auditing Research, 10, 39, 2018, 5-20.
HARVARD
Noravesh I., Safari Gerayli M., Momeni Yanesari A. (2018). 'Managerial Ownership, Cash Holdings and Firm Valuation', Accounting and Auditing Research, 10(39), pp. 5-20.
CHICAGO
I. Noravesh, M. Safari Gerayli and A. Momeni Yanesari, "Managerial Ownership, Cash Holdings and Firm Valuation," Accounting and Auditing Research, 10 39 (2018): 5-20,
VANCOUVER
Noravesh I., Safari Gerayli M., Momeni Yanesari A. Managerial Ownership, Cash Holdings and Firm Valuation. Accounting and Auditing Research, 2018; 10(39): 5-20.
