Effect of maintenance of expected cash on efficiency and future performance in accepted companies in Stock Exchanges of Iran

Journal Title: International Research Journal of Applied and Basic Sciences - Year 2013, Vol 6, Issue 11

Abstract

This research verifies relationship between the deviation of cash held with efficiency and future performance. In fact, the purpose of this research is verifying that, if deviation of expected cash reduces the future performance. Also this research is verifying that if the impact of negative deviation is more than positive deviation or not. The panel method is applied to test research hypotheses and 84 companies' data are applied for the period from 2003 to 2011. The results show that, the deviation of expected cash leads to reduce the future performance and also the effect of negative deviation is more than positive deviation.

Authors and Affiliations

Nina MolaZeinali| Professor of university of Islamic Azad University-Karaj Unit, email: n_boshra2000@yahoo.com, Javad Bakhtiari| Faculty member of Islamic Azad University-Karaj Unit, Mohammad Bakhtiari| Molana faculty member of non-profit institution of high education-Abeyek-Qazvin

Keywords

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  • EP ID EP6311
  • DOI -
  • Views 299
  • Downloads 9

How To Cite

Nina MolaZeinali, Javad Bakhtiari, Mohammad Bakhtiari (2013). Effect of maintenance of expected cash on efficiency and future performance in accepted companies in Stock Exchanges of Iran. International Research Journal of Applied and Basic Sciences, 6(11), 1627-1635. https://www.europub.co.uk/articles/-A-6311