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Mohammad Omid Akhgar

Mohammad Omid Akhgar

Academic rank: Associate Professor
ORCID:
Education: PhD.
ScopusId: 57188834769
Faculty: Faculty of Humanities and Social Sciences
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Research

Title
LINEAR AND NONLINEAR RELATIONSHIP BETWEEN INFLATION, OPERATING CYCLE AND CASH HOLDINGS: EVIDENCE FROM IRAN
Type
JournalPaper
Keywords
Cash holding, Inflation, Operating cycle, Linear relationship, Nonlinear relationship, Tehran stock exchange.
Year
2017
Journal International Journal of Asian Social Science
DOI
Researchers Mohammad Omid Akhgar ، jamil ebrahimi

Abstract

Cash holding strategy is one of the most important factors that firm should take into account to prevent additional charges. On this account, firms should pay heed to those factors that influence cash holding. For this purpose, in this research, the influence of inflation and operating cycle on the level of cash holding in firms is surveyed. The statistical population of this paper include all of the accepted corporations in the Tehran Stock exchange, from which 132 corporations, operating from 2007 to 2014 have been chosen. To achieve the goal of this research, 4 hypotheses have been proposed. The results obtained from the research’s hypotheses test which uses non-linear regression model, suggests that there is no significant relationship between the inflation and the amount of cash holding, whereas there is a negative and significant relationship between the operating cycle and the amount of cash holding which in case when the operating cycle reaches a specific level will change into a positive relationship.