The Relationship between Social Responsibility Disclosure and Cash Holdings

The present study investigates the relationship between social responsibility and cash holdings. The sample contains ۷۷۰ firm years listed on the Tehran Stock Exchange from ۲۰۱۱ to ۲۰۱۷. The software used for statistical analysis is Stata ۱۲, and the hypotheses were tested according to the multivariable linear regression test.  The results suggest a negative and significant relationship between social responsibility and cash holdings. Furthermore, the results indicate that corporate governance negatively affects cash holdings. In addition, the results show the relationship between unsystematic risk and cash holdings is positive.

Keywords:

social responsibility , Cash Holdings , Unsystematic Risk , Governance Score