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Study of Nonlinear Relationship between Debt Financing and Cash Flow Manipulation of Listed Companies in Tehran Stock Exchange
| Content Provider | Semantic Scholar |
|---|---|
| Author | Zamani, Ali Asghar Rostamy, Ali Asghar Anvary |
| Copyright Year | 2017 |
| Abstract | This research expands profit quality and opportunistic behaviors towards profit management and cash flow manipulation. The goal of this research is studying the second order relation between debt financing and cash flow manipulation of 103 companies listed in Tehran Stock Exchange from 2005 to 2014. Multi-variable Regression based on Extended Least Square of Pooled Data Method was used to test the assumption. The outcomes indicate a positive nonlinear second order significant relation between debt and cash flow manipulation. Namely, the managed cash flows will decrease firstly, and then increase. In other words, management prefers refraining from failure of debt contracts than the benefits of reporting high quality operational cash flows and further seeking the benefits of the effects of cash flows. |
| File Format | PDF HTM / HTML |
| Alternate Webpage(s) | http://amf.ui.ac.ir/article_21194_247d8d5bdbdf2fd032bda2cd8300cdb0.pdf |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |