THE IMPACT OF OPERATING CASH FLOWS ON EXTERNAL FINANCING, CONSIDERING THE FIRM FINANCIAL CONSTRAINT AND INFLATION

Q: How can I download an article?

To download an article from SID, first log in to the site, search for the article title, and click on the 'Download Article' option.

Q: How can I download an ISI article?

To download an ISI article on SID, enter the keyword or article title in the search bar, view the relevant results, click on the desired article, and select the 'Download Article' option.

Q: How can I access the SID database?

To access the SID database, visit SID.ir, create an account, and log in to access scientific resources.

Q: Is downloading articles from SID free?

Some articles on SID are available for free, while others require payment. Details are specified on the article's page.

HASHEMI S.A.; AMIRI H.; MOSHTAGHIAN M.

مرکز اطلاعات علمی Scientific Information Database (SID) - Trusted Source for Research and Academic Resources

Journal Paper

Paper Information

Journal: Financial Accounting Research Year:2015 | Volume:7 | Issue:4 (26) Page(s): 19-38

Download Full-Text

Persian Verion

View:

1,528

Download:

Cites:

Information Journal Paper

Title

THE IMPACT OF OPERATING CASH FLOWS ON EXTERNAL FINANCING, CONSIDERING THE FIRM FINANCIAL CONSTRAINT AND INFLATION

Author(s)

HASHEMI S.A. | AMIRI H. | MOSHTAGHIAN M. | Issue Writer Certificate

Keywords

EXTERNAL FINANCINGQ2

OPERATING CASH FLOWQ2

FINANCIAL CONSTRAINTQ1

CAPITAL STRUCTUREQ2

Abstract

Managers should use a perfected combination of various financial resources based on the elements effective on financing, so that it would result in increase of stockholders wealth and reduce the cost of financing. Among the factors affecting the financing, the OPERATING CASH FLOW, FINANCIAL CONSTRAINTs and inflation considered effective. The objective of this study is to evaluate the effect of OPERATING CASH FLOW on EXTERNAL FINANCING by considering the effect of the FINANCIAL CONSTRAINTs and the inflation. The sample of this study consists of 117 companies listed in Tehran Stock Exchange for the period 2005 to 2013 (1384 to 1392 Iranian calendar). To test study hypothesizes, multivariable regression model to panel data was used. The result of this study shows, there is negative and meaningful relationship between OPERATING CASH FLOW and EXTERNAL FINANCING in both of financially constrained and financially unconstrained firms and the Intensity of this relationship is less in the firms with FINANCIAL CONSTRAINT. Also the inflation variable increases the effect of cash flow on EXTERNAL FINANCING and this effect is less in firms that have FINANCIAL CONSTRAINT.

Cites

No record.

References

No record.

Cite

APA: Copy

HASHEMI, S.A., AMIRI, H., & MOSHTAGHIAN, M.. (2015). THE IMPACT OF OPERATING CASH FLOWS ON EXTERNAL FINANCING, CONSIDERING THE FIRM FINANCIAL CONSTRAINT AND INFLATION. JOURNAL OF FINANCIAL ACCOUNTING RESEARCH, 7(4 (26) ), 19-38. SID. https://sid.ir/paper/155161/en

Vancouver: Copy

HASHEMI S.A., AMIRI H., MOSHTAGHIAN M.. THE IMPACT OF OPERATING CASH FLOWS ON EXTERNAL FINANCING, CONSIDERING THE FIRM FINANCIAL CONSTRAINT AND INFLATION. JOURNAL OF FINANCIAL ACCOUNTING RESEARCH[Internet]. 2015;7(4 (26) ):19-38. Available from: https://sid.ir/paper/155161/en

IEEE: Copy

S.A. HASHEMI, H. AMIRI, and M. MOSHTAGHIAN, “THE IMPACT OF OPERATING CASH FLOWS ON EXTERNAL FINANCING, CONSIDERING THE FIRM FINANCIAL CONSTRAINT AND INFLATION,” JOURNAL OF FINANCIAL ACCOUNTING RESEARCH, vol. 7, no. 4 (26) , pp. 19–38, 2015, [Online]. Available: https://sid.ir/paper/155161/en

Related Journal Papers