The present study aimed to investigate the relationship between product market competition with the cash balance is emphasized the role of corporate governance. In this study, in accordance with the purpose, 3 is hypothesized that in the present case was statistical analysis and research. A sample of 17 companies active in the automotive industry are listed on Tehran Stock Exchange data for a period of 5 years were analyzed. Hypotheses through multiple regression models were evaluated in accordance with the findings, product market competition, the role of capital markets in response to changes in the cash balance had. However, the involvement of major stakeholders has led the competition in the product market, the capital market reaction to changes in the cash balance, stimulate. This applies in particular institutional shareholders and potentially reflect the regulatory role of such shareholders.
Fadaee Nezhad,M. E. and Sakhaei,F. (2019). Product Market Competition and the Value of Corporate Cash Evidence from Trade Liberalization. Accounting and Auditing Studies, 8(31), 41-58. doi: 10.22034/iaas.2019.99056
MLA
Fadaee Nezhad,M. E. , and Sakhaei,F. . "Product Market Competition and the Value of Corporate Cash Evidence from Trade Liberalization", Accounting and Auditing Studies, 8, 31, 2019, 41-58. doi: 10.22034/iaas.2019.99056
HARVARD
Fadaee Nezhad M. E., Sakhaei F. (2019). 'Product Market Competition and the Value of Corporate Cash Evidence from Trade Liberalization', Accounting and Auditing Studies, 8(31), pp. 41-58. doi: 10.22034/iaas.2019.99056
CHICAGO
M. E. Fadaee Nezhad and F. Sakhaei, "Product Market Competition and the Value of Corporate Cash Evidence from Trade Liberalization," Accounting and Auditing Studies, 8 31 (2019): 41-58, doi: 10.22034/iaas.2019.99056
VANCOUVER
Fadaee Nezhad M. E., Sakhaei F. Product Market Competition and the Value of Corporate Cash Evidence from Trade Liberalization. Accounting and Auditing Studies, 2019; 8(31): 41-58. doi: 10.22034/iaas.2019.99056
