Cash Held and Stock Portfolio Returns

Cash, including the company's most vital assets. The amount of cash held and assessing stock portfolio returns of companies, issues of interest to investors, creditors and financial analysts. This paper seeks to investigate the effect of cash held by the company on Stock Portfolio Returns. In order to achieve the research objectives, 169 companies listed in Tehran Stock Exchange during the years 1381 to 1388 were completed. In this study, the calculation of cash held by multiple regression analysis (cross sectional) and to evaluate the stock portfolio returns of companies, the Sharpe index, and to test the research hypothesis, Comparison of means test is used. Then, All observations are based on the amount of cash held regularly and are divided into five categories, so that gradually at the end of the first classes, cash held increases. The results show that the average stock portfolio returns of upper levels is significantly higher than those lower levels.