Open AccessInvestigation the effect of free cash flow and operating cash flow on cash flow distribution among the shareholders of the companies listed in Tehran Stock Exchange
Author(s) -
Kambiz Taghipour,
Mohammad Reza Abdoli
Publication year - 2019
Publication title -
journal of management and accounting studies
Language(s) - English
Resource type - Journals
ISSN - 2693-8448
DOI - 10.24200/jmas.vol3iss02pp31-36
Subject(s) - operating cash flow , free cash flow , cash flow forecasting , cash flow , cash flow statement , cash on cash return , cash management , stock exchange , business , shareholder , cash and cash equivalents , econometrics , finance , economics , corporate governance
The main goal of this study is investigation of free cash flow and operating cash flow effects on cash flow distribution among the shareholders of the companies listed in Tehran Stock Exchange. Methodology: Statistical population of this study were Tehran Stock Exchange listed companies from 2006 to 2013 that sample volume was 151 company after eliminating outlier observations and considering to screening method. Results: In this study free cash flow and operational cash flow are considered as independent variables for examining their impact on the company distributed cash. We have been used from data panel with fixed effect. Conclusion: Consequently, results of the analysis of corporate data points out that by using multiple regression (at 95% confidence interval) on one hand there is a direct relationship between the amount of free cash flow and operating cash flow with the amount of cash flow distributed among the shareholders and on the other hand there is a significant difference with the amount of cash flow distributed among the shareholders in large and small companies.