Effects of Product Market Competition on the Relation between Corporate Social Responsibility and Cash Holding
Economic entities generally hold part of their assets in cash. Determining how much of the assets should be held in cash, is one of the important decisions taken by firm management. Despite of extensive investigations on determinants of cash holding level, in accounting literature, effects of product market competition on the relation between social responsibility (CSR) and cash holding in firms is largely unknown. So, this research is aimed to examine these effects. The sample consists of 84 firms listed in Tehran Stock Exchange during the period from 1390 to 1396. This study tests the hypothesis by the panel-data regression model. Results show that the product market competition and social responsibility have a negative and significant effect on the level of cash holding. In addition, findings indicate that the product market competition has a negative and significant effect on the relation between social responsibility and the level of cash holding.
- حق عضویت دریافتی صرف حمایت از نشریات عضو و نگهداری، تکمیل و توسعه مگیران میشود.
- پرداخت حق اشتراک و دانلود مقالات اجازه بازنشر آن در سایر رسانههای چاپی و دیجیتال را به کاربر نمیدهد.