The effect of uncertainty of economic policies and tax avoidance on the value of surplus cash with emphasis on different stages of the company's life cycle

Document Type : Original Article

Authors

1 Master of Accounting, Azarshahr Branch, Islamic Azad University, Azarshahr, Iran.

2 Assistant Professor of Accounting Department, Azarshahr Branch, Islamic Azad University, Azarshahr, Iran.

Abstract

The present study examines the impact of uncertainty of economic policies and tax avoidance on the value of surplus cash with emphasis on different stages of the company's life cycle. This research is practical in terms of purpose, and from the point of view of correlation methodology, it is causal type (post-event). The statistical population of the research is the companies admitted to the Tehran Stock Exchange and using the systematic elimination sampling method, 128 companies were selected as the research sample in the 8-year period between 1393 and 1400. The method used to collect information is a library, and the relevant data for measuring the variables were collected from the Kodal website and the financial statements of the companies, and basic calculations were made in Excel, then Stata software was used to test the research hypotheses. The results of the research show that the uncertainty of economic policies has a direct effect on the value of surplus cash. Tax avoidance has a direct impact on the value of excess cash. The uncertainty of economic policies has a direct impact on the value of surplus cash in the maturity stage. Tax avoidance has a direct impact on the value of excess cash at the maturity stage.

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