TY  - JOUR
T1  - Industry Structure, Growth Opportunity and the Value of Cash Holding
AU - Ali Ahmadi, Saied AU - Soroushyar, Afsaneh 
JO  - International Business Management
VL  - 9
IS  - 6
SP  - 1346
EP  - 1351
PY  - 2015
DA  - 2001/08/19
SN  - 1993-5250
DO  - ibm.2015.1346.1351
UR  - https://makhillpublications.co/view-article.php?doi=ibm.2015.1346.1351
KW  - Industry structure
KW  -growth opportunity
KW  -firm size value of cash holding
KW  -optimal
KW  -cash holdings
AB  - One of the most important of managers’ financial decisions is determining of cash holdings. Recent studies find that deviation from optimal cash holdings can decrease market value of company and its performance. This study investigates the effect of product market competition, relative profitability firm to its industry peers and growth opportunity on the value of cash holdings. The research hypotheses are tested in Tehran Stock Exchange (TSE) for the period of 2001-2012. Using multiple regression analysis, we find that the firms with higher relative profitability and higher growth opportunity have the higher value of cash holdings. Also, the value of cash holdings in firms in low product competition industries is more than other firms.
ER  -