نوع مقاله : مقاله پژوهشی
نویسندگان
1 استادیار گروه حسابداری، دانشکده علوم انسانی و اجتماعی، دانشگاه کردستان، سنندج، ایران
2 گروه حسابداری، دانشکده علوم اقتصادی و اجتماعی، دانشگاه بوعلی سینا، همدان، ایران
3 دانشجوی دکتری، گروه حسابداری، دانشکده علوم انسانی، دانشگاه آزاد اسلامی سنندج، سنندج، ایران
چکیده
کلیدواژه‌ها
موضوعات
عنوان مقاله [English]
نویسندگان [English]
This research investigates the moderating effect of the spread of the COVID-19 pandemic on the relationship between the firm’s cash flow volatility and its level of cash holdings. To this end, we utilized data from 163 firms listed on the Tehran Stock Exchange during the period of 2011-2022. The research hypotheses were tested using regression analysis with the generalized least squares (GLS) estimator. The findings reveal that firms with more cash flow volatility tend to hold more cash and during the COVID-19 pandemic, firms have maintained higher cash reserves. Furthermore, the study suggests that the COVID-19 outbreak amplifies the positive correlation between cash flow volatility and firms’ cash holdings. The research findings indicate that the cash flow volatility and the COVID-19 outbreak have escalated the cash flow risk for firms and bolstered the precautionary reasons for maintaining cash reserves. This research contributes to the literature on cash holdings and enriches the literature on the financial impacts of COVID-19 on Iranian firms.
کلیدواژه‌ها [English]
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