Impact of Inflation and Operating Cycle on Cash Holdings of listed firms in Tehran StockExchange Exchange

In this study, the effect of inflation on cash holdings and operating cycle of the firms listed in Tehran Stock Exchange is studied. In order to achieve this purpose, tow hypothesis formulated and100 firms are selected from listed firms in Tehran stock exchange during 7 years, from 2007 to 2013 have been tested. This study follows two methods, first in aim view is applied and in descriptive view is correlation, and mixed regression models and panel data has been used for testing the hypotheses.The results show that inflation and operating cycle on cash holdings impact a reverse and significant. Also in relation to the control variables can also be said that according to the results, cash flow, net changes in working capitaland changes current liabilities directly associated and firms size a significant negative correlation with cash holdings of their shows. Also, between Tobin's q ratio and risk with cash holdings there is no relationship

کلیدواژه ها:

Inflation ، Operating Cycle ، Cash Holdings