RELATIONSHIP BETWEEN CAPITAL STRUCTURE AND CASH HOLDING REGARDING THE MODERATING EFFECT OF OPERATIONAL CYCLE
The aim of this study is to investigate the relationship between capital structure and cash holding regarding the moderating effect of the operational cycle at companies listed in Tehran Stock Exchange. The regression analysis was employed to analyze information and test hypotheses. The statistical sample includes 100 companies listed on Tehran Stock Exchange from 2008 to 2014. In a descriptive study, the correlation of relationships is investigated to provide investors and creditors with information for making decisions on cash holding at companies. The research results indicated that there was a positive and significant relationship between capital structure and cash holding. Moreover, the operational cycle moderated this relationship. It is suggested that company executives consider capital structure and operational cycle when they are making decisions on cash holding.
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