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نقش گروههای تجاری در انتقال ریسک و عملکرد شرکت
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Abstract: (574 Views) |
Businesses provide a credit and financing advantage when the ability to meet the obligations of cash flows to foreign capitalists is limited. Risk sharing is another important and effective factor for business groups. The main purpose of this study is to investigate the risk transfer and performance of business groups. The purpose of this study is practical. The statistical population is the companies listed in Tehran Stock Exchange during the period of 2109-2009. The results indicate that, first; firms affiliated with business groups are less likely to face financial constraints (low level of cash flow sensitivity of the investment) than independent firms, if other conditions remain. Second, companies affiliated with business groups are more likely to share risk than independent companies. And third, the performance of affiliate companies differs from that of independent companies.
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Full-Text [PDF 877 kb]
(154 Downloads)
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Type of Study: Research |
Subject:
Auditing
Received: 2019/12/16 | Accepted: 2022/11/5 | Published: 2020/11/30
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