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CEO tenure and its influence on Sensitivity of Investment to Cash Flows: Evidence from Tehran Stock Exchange

International Journal of Economics and Management Studies
© 2016 by SSRG - IJEMS Journal
Volume 3 Issue 2
Year of Publication : 2016
Authors : MostafaPahlavan, Mehdi Dehghan
10.14445/23939125/IJEMS-V3I3P104
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How to Cite?

MostafaPahlavan, Mehdi Dehghan, "CEO tenure and its influence on Sensitivity of Investment to Cash Flows: Evidence from Tehran Stock Exchange," SSRG International Journal of Economics and Management Studies, vol. 3,  no. 2, pp. 17-30, 2016. Crossref, https://doi.org/10.14445/23939125/IJEMS-V3I3P104

Abstract:

 Personal characteristics of management represent one of the factors affecting the company performance and reporting. Effects of management characteristics on different issues have been discussed in many researches. The characteristics are further affected by various factors. As management characteristics, CEO tenure can be associated with various consequences. One of the potential effects of personal characteristics of management is its impact on investment sensitivity to cash flow which is addressed in the present research where the subject is investigated during 2009-2013 period. The result shows that a significant association between CEO tenure and investment sensitivity to cash flow was not confirmed.

Keywords:

CEO tenure, investment sensitivity to cash flows.

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