Evaluation of the effect of cash holding, dividends and financial leverage on competitive power of firms accepted in stock market
Journal Title: International Research Journal of Applied and Basic Sciences - Year 2014, Vol 8, Issue 9
Abstract
Cash is a great part of a firm asset. Therefore, it is a vital resource of each business institution which is paid attention by managers and investors. Current paper is an applicable one which is aimed at investigating the effect of cash holding, c and financial leverage on competitive power of firms accepted in Tehran stock market. To the end, financial information of firms involved in Tehran stock market between 1387 and 1391 is used. Also, other variables including cash holding, c to financial leverage ratio are controlled in this paper. To analyze data obtained from conclusive statistic of multi-variable regression and to test statistic hypotheses, Eviews is used. Results indicate that cash holding, c and financial leverage meaningfully affect competitive power of firms. It is concluded that profitability, fixed asset and sale growth meaningfully and positively affect competitive power of firms.
Authors and Affiliations
Zohreh Asayesh| Student of Islamic Azad University Science & Research Boushehr Branch, Amirhossein Jamali| Supervisor: DR of Islamic Azad University Science & Research Boushehr Branch
Keywords
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