1
Assistant Professor of Islamic Azad University, Tehran South Branch
2
Accounting doctoral student, South Tehran branch, Islamic Azad University, Tehran, Iran.
Abstract
Companies can strategically hold cash to reduce the risk of cash flow uncertainty to meet the company's investment needs on research and development activities. Companies with financial constraints and high cash flow risk tend to save cash by reducing investment. Therefore, the purpose of this research is to investigate whether cash flow uncertainty has an effect on R&D cost with the moderating role of financial constraint. Or not? The statistical population of companies admitted to the Tehran Stock Exchange between 2014 and 2019 and using the information of 120 companies and the multivariable linear regression method, the hypothesis was tested. According to the results of the first hypothesis test, the uncertainty variable of cash flow, considering that its significance level is less than 5%, which indicates a significant relationship with the cost of research and development, and also the results of the second hypothesis indicate that the hypothesis of the interactive variable ( financial limitation * uncertainty of cash flow) considering that its significance level is less than 5%, which indicates a significant relationship with the cost of research and development.
sarraf, F., & mosavi, S. Z. (2023). The effect of cash flow uncertainty on the cost of research and development with the moderating effect of financial constraints. Journal of Accounting and Management Vision, 5(73), 131-144.
MLA
fatemeh sarraf; seyede zahra mosavi. "The effect of cash flow uncertainty on the cost of research and development with the moderating effect of financial constraints". Journal of Accounting and Management Vision, 5, 73, 2023, 131-144.
HARVARD
sarraf, F., mosavi, S. Z. (2023). 'The effect of cash flow uncertainty on the cost of research and development with the moderating effect of financial constraints', Journal of Accounting and Management Vision, 5(73), pp. 131-144.
VANCOUVER
sarraf, F., mosavi, S. Z. The effect of cash flow uncertainty on the cost of research and development with the moderating effect of financial constraints. Journal of Accounting and Management Vision, 2023; 5(73): 131-144.
