This study examines causes of cash holdings of the companies listed in Tehran Stock Exchange, regarding the perspective of tax risks. The relationship between tax risks and cash holdings of the companies can be explained by precautionary motive for cash holdings.The precautionary motive for cash holdings requires that companies that accept higher tax risks have more willingness to hold excess cash. In this study, the sample takes 101 companies listed in the Tehran Stock Exchange in the period 1384 to1391. The results were obtained from a panel data study that was analyzed with in a generalized least squares regression model with fixed effect. The results from 808 observation showed that tax risks have positive and significant effects on the amount of cash holdings of the companies.
Pakizeh, K., Heidari, M., & Bashiri Joibari, M. (2015). Effects of Tax Risks on Cash Holdings of Companies Listed in Tehran Stock Exchange. Journal of Accounting Knowledge, 6(22), 57-80. doi: 10.22103/jak.2015.1409
MLA
Kamran Pakizeh; Mohammadreze Heidari; Mehdi Bashiri Joibari. "Effects of Tax Risks on Cash Holdings of Companies Listed in Tehran Stock Exchange", Journal of Accounting Knowledge, 6, 22, 2015, 57-80. doi: 10.22103/jak.2015.1409
HARVARD
Pakizeh, K., Heidari, M., Bashiri Joibari, M. (2015). 'Effects of Tax Risks on Cash Holdings of Companies Listed in Tehran Stock Exchange', Journal of Accounting Knowledge, 6(22), pp. 57-80. doi: 10.22103/jak.2015.1409
VANCOUVER
Pakizeh, K., Heidari, M., Bashiri Joibari, M. Effects of Tax Risks on Cash Holdings of Companies Listed in Tehran Stock Exchange. Journal of Accounting Knowledge, 2015; 6(22): 57-80. doi: 10.22103/jak.2015.1409
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