Relationships among Idiosyncratic Uncertainty, Managerial Flexibility and Capital Investment within the Companies Listed in Tehran Stock Exchange

This research investigates the relationships among future uncertainty (for real options) and managerial flexibility and capital investment. For measuring managerial flexibility two criteria of firm size and financial constraint are used, and for measuring future uncertainty the criterion of stock re...

Descripción completa

Guardado en:
Detalles Bibliográficos
Formato: article
Lenguaje:FA
Publicado: Shahid Bahonar University of Kerman 2013
Materias:
Acceso en línea:https://doaj.org/article/3dbe1eb5081b4bb78fcc689a7d9540e5
Etiquetas: Agregar Etiqueta
Sin Etiquetas, Sea el primero en etiquetar este registro!
id oai:doaj.org-article:3dbe1eb5081b4bb78fcc689a7d9540e5
record_format dspace
spelling oai:doaj.org-article:3dbe1eb5081b4bb78fcc689a7d9540e52021-11-04T19:45:16ZRelationships among Idiosyncratic Uncertainty, Managerial Flexibility and Capital Investment within the Companies Listed in Tehran Stock Exchange2008-89142476-292X10.22103/jak.2013.556https://doaj.org/article/3dbe1eb5081b4bb78fcc689a7d9540e52013-08-01T00:00:00Zhttps://jak.uk.ac.ir/article_556_d08cd5d70a63eaab713817a0b6192ddd.pdfhttps://doaj.org/toc/2008-8914https://doaj.org/toc/2476-292XThis research investigates the relationships among future uncertainty (for real options) and managerial flexibility and capital investment. For measuring managerial flexibility two criteria of firm size and financial constraint are used, and for measuring future uncertainty the criterion of stock return. Statistical sample consists of 107 manufacturing firms listed in Tehran Stock Exchange, and time period of research is 2002 to 2010. In this research, the estimating model is explained by multivariable regression to test the hypothesis, using panel data model. The findings show that there is a significant positive relationship between future uncertainty and capital investment. Also,  there is a significant positive relationship between future uncertainty and financial constraint with capital investment. At least a significant negative relationship between future uncertainty and firm size with capital investment has been found.Shahid Bahonar University of Kermanarticlereal optionscapital investmentmanagerial flexibilityenvironmental uncertaintyAccounting. BookkeepingHF5601-5689FAمجله دانش حسابداری, Vol 4, Iss 13, Pp 29-52 (2013)
institution DOAJ
collection DOAJ
language FA
topic real options
capital investment
managerial flexibility
environmental uncertainty
Accounting. Bookkeeping
HF5601-5689
spellingShingle real options
capital investment
managerial flexibility
environmental uncertainty
Accounting. Bookkeeping
HF5601-5689
Relationships among Idiosyncratic Uncertainty, Managerial Flexibility and Capital Investment within the Companies Listed in Tehran Stock Exchange
description This research investigates the relationships among future uncertainty (for real options) and managerial flexibility and capital investment. For measuring managerial flexibility two criteria of firm size and financial constraint are used, and for measuring future uncertainty the criterion of stock return. Statistical sample consists of 107 manufacturing firms listed in Tehran Stock Exchange, and time period of research is 2002 to 2010. In this research, the estimating model is explained by multivariable regression to test the hypothesis, using panel data model. The findings show that there is a significant positive relationship between future uncertainty and capital investment. Also,  there is a significant positive relationship between future uncertainty and financial constraint with capital investment. At least a significant negative relationship between future uncertainty and firm size with capital investment has been found.
format article
title Relationships among Idiosyncratic Uncertainty, Managerial Flexibility and Capital Investment within the Companies Listed in Tehran Stock Exchange
title_short Relationships among Idiosyncratic Uncertainty, Managerial Flexibility and Capital Investment within the Companies Listed in Tehran Stock Exchange
title_full Relationships among Idiosyncratic Uncertainty, Managerial Flexibility and Capital Investment within the Companies Listed in Tehran Stock Exchange
title_fullStr Relationships among Idiosyncratic Uncertainty, Managerial Flexibility and Capital Investment within the Companies Listed in Tehran Stock Exchange
title_full_unstemmed Relationships among Idiosyncratic Uncertainty, Managerial Flexibility and Capital Investment within the Companies Listed in Tehran Stock Exchange
title_sort relationships among idiosyncratic uncertainty, managerial flexibility and capital investment within the companies listed in tehran stock exchange
publisher Shahid Bahonar University of Kerman
publishDate 2013
url https://doaj.org/article/3dbe1eb5081b4bb78fcc689a7d9540e5
_version_ 1718444643298836480