نوع مقاله : مقاله پژوهشی
نویسندگان
1 گروه حسابداری، دانشکده مدیریت، دانشگاه تهران، تهران، ایران.
2 حسابداری، دانشکده مدیریت، دانشگاه تهران، ایران
چکیده
کلیدواژهها
عنوان مقاله [English]
نویسندگان [English]
The existence of a negative relationship between uncertainty and cash holding can be explained as Wright (2015) using two measures of short-term uncertainty and long-term uncertainty found that cash holding has a positive correlation with the company's long-term uncertainty. But there is a negative correlation with the short-term and long-term uncertainty of the market, probably managers in Iran do not consider the issues that cause uncertainty as long-term and keep less cash. Of course, it should be kept in mind that as Baum et al. (2008) and Chakraborty et al. (2017) believed, the source of uncertainty can also be decisive in this regard because it can affect the decision-making of managers in different industries in a different way. On the other hand, our results regarding the existence of an inverse relationship between uncertainty and inventory holding support the research of Zeng et al. (2020). In this regard, it can be argued that the uncertainty leads the companies to reduce the inventory, probably the uncertainty by tightening the financing conditions and increasing the information asymmetry in the financial markets lead the managers to reduce the inventory level. On the other hand, the results indicate that the managers in Iran convert the funds resulting from the decrease in the inventory into assets other than cash and vice versa. Now, the question can be, to which source the flow of these resources in Iran is likely to be allocated.
کلیدواژهها [English]
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