Investigating the Effect of Liquidity on Cash Saving in Companies Existing in Stock Exchange

Short-term decisions such as how much cash has been saved and working capital of this matter may influence the value of company in long-term. Therefore, the present study aims at helping managers identify the importance of saved cash and managing working capital in surplus value for shareholders. Also, it help investors decide on choosing uses of funds optimally by understanding the relationships between saved cash in making working capital management with excess return. The current study investigates the effects of liquidity on cash saving in companies existing in capital market, then the results show that cash holding or saving is less in companies with cash stock after controlling various effects of company, industry and fixed year properties.

کلیدواژه ها:

capital management ، cash saving ، liquidity ، exchange market