<abstract xmlns="http://www.w3.org/1999/xhtml"><p>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.</p></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.

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

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

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

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

Organizacija

{"article-title":"Investment-Cash Flow Sensitivity: A Study of Iranian Listed Companies"}

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...

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

Pubblicato online: 01 giu 2013

Pagine: 87 - 97

DOI: https://doi.org/10.2478/orga-2013-0009

This content is open access.