University of Isfahan Financial Accounting Research 2322-3405 1 1 2009 12 22 The Effective Factors in Cash Holdings Corporations in Listed Companies on Tehran Stock Exchange The Effective Factors in Cash Holdings Corporations in Listed Companies on Tehran Stock Exchange 53 70 16862 FA M. A. Aghaei Associate Professor Tarbiat Modares University,Tehran, Iran A. R. Nezafat M.A of Accounting, Tarbiat Modares University, Tehran, Iran. M. Nazemi Ardakani .M.A Student of Accounting, Tarbiat Modares University, Tehran, Iran A. A. Javan .M.A Student of Accounting, Tarbiat Modares University, Tehran, Iran Journal Article 2016 06 14 <br />Economic agents hold a considerable percentage of their assets in cash and this matter has preoccupied the researchers’ minds for a long time. Firms usually consider target cash levels as their main objective and to get access to it, they make corrections in cash holdings based upon factors that are effective in determining target cash levels. <br />This study is an attempt to investigate the effects of 10 factors on corporate cash holdings, using periodical statement data among corporations in Tehran Exchange, from 1379 to 1384 and multi-variable linear regression. The findings show that receivable accounts, net working capital, inventories and short debts are factors that have negative impact on cash holdings respectively. Conversely, the firms’ growth opportunities, dividend, cash flows variance and net profit are factors that have positive impact on cash holdings respectively. However, there is not enough evidence which shows a negative effect of long debts and firm size on cash holdings. <br />Economic agents hold a considerable percentage of their assets in cash and this matter has preoccupied the researchers’ minds for a long time. Firms usually consider target cash levels as their main objective and to get access to it, they make corrections in cash holdings based upon factors that are effective in determining target cash levels. <br />This study is an attempt to investigate the effects of 10 factors on corporate cash holdings, using periodical statement data among corporations in Tehran Exchange, from 1379 to 1384 and multi-variable linear regression. The findings show that receivable accounts, net working capital, inventories and short debts are factors that have negative impact on cash holdings respectively. Conversely, the firms’ growth opportunities, dividend, cash flows variance and net profit are factors that have positive impact on cash holdings respectively. However, there is not enough evidence which shows a negative effect of long debts and firm size on cash holdings. https://far.ui.ac.ir/article_16862_d6a10fc728520ed75984599fff20dd93.pdf