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

• Authors: Mahdi Salehi , Ali Mohammadi , Parisa Taherzadeh Esfahani
• Languages of publication: EN

Abstracts

EN

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.

Keywords

EN

Auditing; auditor report; cash flow-investment sensitivity; Iran

• Publisher: Sciendo
• Journal: Organizacija
• Year: 2013
• Volume: 46
• Issue: 3
• Pages: 87-97

Dates

published

2013-05-01

online

2013-06-01

Contributors

author

Mahdi Salehi

• Ferdowsi University of Mashhad, Faculty of Economics and Business Administration, Azadi Square, Vakilabad Bolvard, Mashhad City, Khorasan Razavi Province, Iran

author

Ali Mohammadi

• Department of Accounting, Zanjan Branch, Islamic Azad University, Zanjan, Iran

author

Parisa Taherzadeh Esfahani

• Department of Accounting, Islamic Azad University, Zanjan Sciences & Research Branch, Iran

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Identifiers

DOI

10.2478/orga-2013-0009