The Effect of Marginal Value of Cash on the Dividends Adjustment Speed Considering the Role of Liquidity Shock Moderation

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.

Nabavian Seyyed Morteza; Nabavi Chashmi Seyyed Ali; DADASHI IMAN; MOHSENI MALEKI BAHRAM

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

Journal Paper

Paper Information

Journal: JOURNAL OF MANAGEMENT AND ACCOUNTIN SCHOOL Year:2019 | Volume:16 | Issue:63 Page(s): 157-178

Download Full-Text

Persian Verion

View:

257

Download:

Cites:

Information Journal Paper

Title

The Effect of Marginal Value of Cash on the Dividends Adjustment Speed Considering the Role of Liquidity Shock Moderation

Author(s)

Nabavian Seyyed Morteza | Nabavi Chashmi Seyyed Ali | DADASHI IMAN | MOHSENI MALEKI BAHRAM | Issue Writer Certificate

Keywords

Financial flexibilityQ1

dividend smoothingQ2

dividends adjustment speedQ1

marginal value of cashQ1

Abstract

One of the most important factors affecting financing issues as a challenge for companies is to maintain Financial flexibility. Internal Financial flexibility is affected by the company's liquidity. The cash holding indicates the ability of a company to deal with the risks, which largely depends on changes in cash flow and dividend policy of the company. In order to measure the dividends adjustment speed, which is a benchmark for dividend smoothing, the rolling window regressions based on the Lintner model (1956) was used Faulkender and Wang (2006) method is applied for measuring the marginal value of cash, which is an indicator for measuring Financial flexibility. According to the research constraints, 105 companies listed in Tehran Stock Exchange during the period of 2008-2018 using the STATA software have been investigated. The results of the research show that the marginal value of cash does not have a significant effect on the dividends adjustment speed. Also, the Liquidity shock has no effect on the relationship between the marginal value of cash and the dividends adjustment speed.

Cites

No record.

References

No record.

Cite

APA: Copy

Nabavian, Seyyed Morteza, Nabavi Chashmi, Seyyed Ali, DADASHI, IMAN, & MOHSENI MALEKI, BAHRAM. (2019). The Effect of Marginal Value of Cash on the Dividends Adjustment Speed Considering the Role of Liquidity Shock Moderation. JOURNAL OF MANAGEMENT AND ACCOUNTIN SCHOOL, 16(63 ), 157-178. SID. https://sid.ir/paper/387047/en

Vancouver: Copy

Nabavian Seyyed Morteza, Nabavi Chashmi Seyyed Ali, DADASHI IMAN, MOHSENI MALEKI BAHRAM. The Effect of Marginal Value of Cash on the Dividends Adjustment Speed Considering the Role of Liquidity Shock Moderation. JOURNAL OF MANAGEMENT AND ACCOUNTIN SCHOOL[Internet]. 2019;16(63 ):157-178. Available from: https://sid.ir/paper/387047/en

IEEE: Copy

Seyyed Morteza Nabavian, Seyyed Ali Nabavi Chashmi, IMAN DADASHI, and BAHRAM MOHSENI MALEKI, “The Effect of Marginal Value of Cash on the Dividends Adjustment Speed Considering the Role of Liquidity Shock Moderation,” JOURNAL OF MANAGEMENT AND ACCOUNTIN SCHOOL, vol. 16, no. 63 , pp. 157–178, 2019, [Online]. Available: https://sid.ir/paper/387047/en

Related Journal Papers

No record.

Related Seminar Papers

No record.

Related Plans

No record.

Recommended Workshops