Relation between firm diversification and the value of corporate cash holding for firms accepted in stock market
Journal Title: International Research Journal of Applied and Basic Sciences - Year 2016, Vol 10, Issue 2
Abstract
This paper is aimed at investigating relation between firm diversification and the value of corporate cash holding. To this end, data obtained from the firms accepted in stock market for the years 1385 to 1390 is used. Results have shown that there is a reverse relation between firm diversification and value of cash. On the other hand, firm diversification leads to less value of cash. These studies have shown that for constrained firms the value of cash holding is more than in unconstrained firms. Also, results have indicated that for firms with higher corporate governance, the value of cash holding is higher than for firms with lower corporate governance. On the other hand, firm diversification for firms with lower corporate governance leads to lesser value of cash holding. It is possible to conclude that in case of firm diversification, lower governance leads to loss of resources and higher leverage usage.
Authors and Affiliations
Maryam Etemad| Student of Islamic azad university fars Science & Research branch, Eman Joker| superviser :dr Islamic azad university science & research fars branch
Keywords
Related Articles
- EP ID EP7238
- DOI -
- Views 362
- Downloads 27
Qara-Chai River sediment survey of the Markazi province numerical model HEC-RAS.4
Estimate the amount of sediment load and transfer it to a lot of land and water resources projects such as the removal of a river bend, narrowing rivers, flood control, navigation, water went, and the design of dams and...
Relation between organizational intelligence and performance of managers in petrochemical company of Shiraz city
Objective of this paper is to study relation between organizational intelligence and performance of managers in petrochemical company of Shiraz city. Method of research is descriptive method. Statistical society of this...
The study of theosophical doctrines base on Kimia E Saadat book
Imam Mohammad Ghazali is among writers whose works have been considered from different aspects by researchers. Regarding Ghazali’s works the truth that he is a multi thoughtful person is being realized.He is a man who ha...
RapidExtract, a novel biodegradable filter cartridge for capture and containment of biomolecules
DNA, RNA and protein isolation is essential in the expansion of science related to the study of these biomolecules. Extraction and purification science has since advanced so rapidly but there seems to be of the same dire...
Assess the efficacy of teaching life skills on the social competence of students with dyscalculia hepatitis
Children with learning disability have serious problems. For example these children have some issues in reading, writing, listening or even playing. This research study on relationship between efficacy of teaching and s...