Investigating the impact of block and institutional ownership on cash retention policies in companies listed on the Tehran Stock Exchange.

Subject Areas : Corporate governance

Amirmohammad Bakhtiari ¹ , Mohadese Beigom Jalali ² , Saeed Brati ³ , Shima Mirarabrazi ⁴

1 - MSc. Student, Department of Accounting, Shahrood Branch, Islamic Azad University, Shahrood, Iran
2 - Assistant Prof, Department of Accounting, Shahrood Branch, Islamic Azad University, Shahrood, Iran.
3 - Assistant Prof, Department of Accounting, Shahrood Branch, Islamic Azad University, Shahrood. Iran.
4 - PhD Candidate, Department of Accounting, Aliabad katul Branch, Islamic Azad University, Aliabad katul, Iran.

Received: 2024-08-19 Accepted : 2025-02-28 Published : 2025-06-10

Keywords: Block Ownership, Institutional Ownership, Cash Holding Policies, Companies admitted to the stock exchange,

Abstract :

This research investigates the impact of block ownership and institutional ownership on the cash holding and cash retention policies of companies listed on the Tehran Stock Exchange. The research method employed is library-based, utilizing domestic and international sources, references, and articles. Relevant data was gathered through various databases of the Tehran Stock Exchange, including financial statements and accompanying explanatory notes provided by listed companies. For this purpose, data from 104 accepted and listed companies on the Tehran Stock Exchange were analyzed for the period between 2019 and 2023. To examine each of the hypotheses presented in this paper, regression models were used. The results of this research indicate that the independent variables, block ownership and institutional ownership, do not have a significant impact on companies' cash holdings. Therefore, it can be concluded that there is no meaningful relationship between block ownership and institutional ownership and the cash holding and cash retention policies of companies listed on the Tehran Stock Exchange.

References:

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