Investment-Cash Flow Sensitivity: A Study of Iranian Listed Companies

Mahdi Salehi; Ali Mohammadi; Parisa Taherzadeh Esfahani

doi:10.2478/orga-2013-0009

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Investment-Cash Flow Sensitivity: A Study of Iranian Listed Companies

Organizacija

Volume 46 (2013): Issue 3 (May 2013)

By: Mahdi Salehi, Ali Mohammadi and Parisa Taherzadeh Esfahani

Open Access

|Jun 2013

Abstract

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.

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Articles in this issue

DOI: https://doi.org/10.2478/orga-2013-0009 | Journal eISSN: 1581-1832 | Journal ISSN: 1318-5454

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Language: English

Page range: 87 - 97

Published on: Jun 1, 2013

Published by: University of Maribor

In partnership with: Paradigm Publishing Services

Publication frequency: 4 issues per year

Keywords:

Auditing,

auditor report,

cash flow-investment sensitivity,

Iran

Related subjects:

Business and economics,

Business management,

Management, organization, corporate governance

© 2013 Mahdi Salehi, Ali Mohammadi, Parisa Taherzadeh Esfahani, published by University of Maribor
This work is licensed under the Creative Commons License.

Volume 46 (2013): Issue 3 (May 2013)