بررسی رابطه بین ارزش وجه نقد نگهداری شده و حسابداری محافظه کارانه با تأکید بر نقش تعدیلی سهامداران کنترلی

Cash holdings in the company, despite the benefits of the ability to conduct business transactions, are the basis for creating problems such as the potential increase of nonfinancial investments due to agency issues. Therefore, conservative accounting practices, due to the efficient use of cash held, can reduce the cost of representing conflicting incentives between shareholders and managers. Therefore, the purpose of this study is to investigate the relationship between the value cash held balance and conservative accounting with an emphasis on the of modificating role of controlling shareholders. A sample of 111 companies listed in Tehran Stock Exchange during the period of 2012 to 2016 is delected. To test the research hypotheses a multivariable regression model is used. The results show that, in the absence of controlling shareholders, with a higher degree of conservatism cash is held, in accordance with the results of the second hypothesis of research, the strengthening of the dominant control of shareholders, would reduce the positive effects of conservative accounting activities on cash value. The findings of testing the third hypothesis also suggests that strengthening the supervisory dimension of controlling shareholders does not increase the positive relationship between cash and conservative accounting. [ABSTRACT FROM AUTHOR]