Investment-Cash Flow Sensitivity: A Study of Iranian Listed Companies
Open Access
|Jun 2013Abstract
The main objective of the current study is to examine the effect of audit report on cash-flow investment sensitivity of 123 listed companies in Tehran Stock Exchange (TSE) during 2006-2010. Regression analysis and synthetic data were used for data analysis. The results showed that receiving modified report has a significant negative effect on cash flow-investment sensitivity. The findings also suggest the significant effect of receiving qualified report and unqualified report with explanatory paragraphs on cash flow-investment sensitivity.
Language: English
Page range: 87 - 97
Published on: Jun 1, 2013
Published by: Sciendo
In partnership with: Paradigm Publishing Services
Publication frequency: 4 times per year
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© 2013 Mahdi Salehi, Ali Mohammadi, Parisa Taherzadeh Esfahani, published by Sciendo
This work is licensed under the Creative Commons License.