TY  - JOUR
T1  - The Investigation Effect of Value of Financial Flexibility on Dividend Policy, Financial Leverage and Level of Cash Holdings
AU - Esfandiari, Hassan AU - Jamshidinavid, Babak 
JO  - International Business Management
VL  - 10
IS  - 7
SP  - 1215
EP  - 1219
PY  - 2016
DA  - 2001/08/19
SN  - 1993-5250
DO  - ibm.2016.1215.1219
UR  - https://makhillpublications.co/view-article.php?doi=ibm.2016.1215.1219
KW  - pay
KW  -Financial flexibility
KW  -dividend policy
KW  -financial leverage
KW  -cash holdings
AB  - Financial flexibility the ability of a firm to respond effectively to the opportunities for non-influx of cash and investment shows. Although, measurement of financial flexibility due to its invisibility is difficult but to measure various parameters such as a leverage ratio, mode of financing and the cost of external borrowing used, in this study to the investigation of effect financial flexibility on dividend policy, financial leverage and level of cash holdings are discussed. Spatial domain research firms listed in the Tehran Stock Exchange after the procedure systematic elimination, a total of 100 companies were selected as sample of this research as well as research time territory, between the years 2008-2013. In this study for data analysis of multiple regression models and combined data and EViews Software used, the findings show that the financial flexibility with pay interest and financial leverage negatively and positively correlated with the level of cash holdings.
ER  -