Volume 21, Issue 4 (12-2026)
J. Mon. Ec. 2026, 21(4): 0-0 |
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Maleki Kaklar H, Molaei Gholenji I, Zeinalzadeh Ahranjani L, Bizaval H. Free Cash Flow and Investment Efficiency: An Empirical Examination of Investor Support Effects in Tehran Stock Exchange Firms. , J. Mon. Ec.. 2026; 21 (4)
URL: http://jme.mbri.ac.ir/article-1-717-en.html
URL: http://jme.mbri.ac.ir/article-1-717-en.html
1- Department of Accounting
2- Department of Mathematics
3- Department of Economy
2- Department of Mathematics
3- Department of Economy
Abstract: (13 Views)
The present study intends to survey the impact of free cash flow on the investment efficiency highlighting investor protection effect in the listed companies on Tehran Stock Exchange. Hence, the information analysis was conducted for 80 sample companies in the 8-year period from 2016 to 2023. To analyze relevant data, multivariate regression, combined data, EViews10 and STATA software version 17 were used. Data analysis displayed free cash flow negatively and meaningfully affect the investment efficiency. On the other hand, the investor support revealed its positive and meaningful effect on the relationship between free cash flow and investment efficiency.
Type of Study: Original Research - Empirical |
Subject:
Monetary Economics
Received: 23 Jul 2025 | Accepted: 29 Jul 2026 | Published: 10 Nov 2026
Received: 23 Jul 2025 | Accepted: 29 Jul 2026 | Published: 10 Nov 2026
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