The impact of over-investment on the investor's reaction to the cost of cash holdings
Publish place: World Conference on Management, Accounting Economics and Humanities at the beginning of the third millennium
Publish Year: 1395
نوع سند: مقاله کنفرانسی
زبان: English
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شناسه ملی سند علمی:
MEAHBTM01_025
تاریخ نمایه سازی: 11 آبان 1395
Abstract:
Here the relationship between over-investment and the cash value is examined. In this study, cash value is measured through market reaction to cash changes. The present study has taken place for the period of 2006 to 2014 in Tehran Stock Exchange. The statistical method used in this study is generalized squares (GLS). The results show that the cash changes have positive impacts on the market value of firms. The results of this study showed that there is an inverse relationship between over-investment and end value of cash.
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Authors
Azam Sadegh zadeh
Sama Technical and vocation Training College, Islamic Azad University , Rudehen Branch, Rudehen, Iran