Free Cash Flow Effect on Investment Performance of Listed Companies in Tehran Stock Exchange

Hedayat Nejati, Ghodratollah Talebnia, Hamid Reza Vakilifard

Abstract


The purpose of this research is study of free cash flow effect on investment performance of listed companies in Tehran Stock Exchange. Information of cash flow and investment performance were collected of financial statements of listed companies in Tehran Stock Exchange. 999 companies were considered as samples by using systematic sampling method. In this study, Kolmogorov–Smirnov test, Durbin-Watson and F test were used for regression analysis. The result showed there is no significant relationship between free cash flow, lever and growth with investment performance at 99% confidence level and there is significant relationship only between size of company and investment performance.

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References


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