Drop in Overinvestment, Marginal value of Cash Holdings, and Governance System of Companies Listed on Tehran Stock Exchange

被引：0
|
作者：
Vahedi, Adel [1 ]
Mohammadi, Hamidreza [1 ]
机构：
[1] Islamic Azad Univ, Fac Literature & Humanities, Dept Accounting, Zahedan Branch, Zahedan, Iran
来源：
EUROPEAN JOURNAL OF SUSTAINABLE DEVELOPMENT | 2018年 / 7卷 / 03期
关键词：
overinvestment; cash holdings level; governance system;
D O I：
10.14207/ejsd.2018.v7n3p445
中图分类号：
X [环境科学、安全科学];
学科分类号：
08 ; 0830 ;
摘要：
This study aimed to investigate overinvestment, marginal value of cash holdings, and governance system of companies listed on Tehran Stock Exchange (TSE). For this purpose, 159 companies listed on TSE during five years (2011-2015) in 795 observations were studied and hypotheses were tested using panel data method in EViews. The results showed that there is an inverse and significant relationship between market value of cash holdings level and overinvestment of the company but governance system did not influence the inverse and significant relationship between market value of cash holdings level and overinvestment.
引用
收藏
页码：445 / 454
页数：10
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