The Effect of Audit Quality on the Market Value of Cash Holdings: Evidence from Tehran Stock Exchange and IACPA
Publish place: International Journal of Management, Accounting and Economics (IJMAE)، Vol: 7، Issue: 10
Publish Year: 1399
Type: Journal paper
Language: English
View: 138
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Document National Code:
JR_IJMAE-7-10_004
Index date: 1 November 2023
The Effect of Audit Quality on the Market Value of Cash Holdings: Evidence from Tehran Stock Exchange and IACPA abstract
In this study, the effect of audit quality on the market value of cash holdings was investigated. The company’s auditor expertise and tenure were considered as measures of audit quality. The regression model developed by Faulkender and Wang (2006) was applied to estimate the market value of cash holdings.Target sample includes 175 listed companies in the Tehran Stock Exchange during 2008-2014 (1387-1393Iranian calendars). In this study, it was supposed that audit quality affects the market value of cash holdings. The hypotheses were examined using panel data and a multivariate regression model of generalized least squares. The results indicated that the company’s auditor expertise affects the market value of cash holdings (the positive and significant relationship statistically). However, tenure does not affect the market value of cash holdings.
The Effect of Audit Quality on the Market Value of Cash Holdings: Evidence from Tehran Stock Exchange and IACPA Keywords:
The Effect of Audit Quality on the Market Value of Cash Holdings: Evidence from Tehran Stock Exchange and IACPA authors
Moslem Tahmasbi
Department of Accounting, University of Isfahan, Isfahan, Iran
Hesam Rahmani
Department of Accounting, University of Isfahan, Isfahan, Iran
Mohammad Bakhtiarvand
Department of Accounting, University of Isfahan, Isfahan, Iran
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