نوع مقاله : مقاله پژوهشی
نویسندگان
1 استادیارگروه مدیریت، دانشگاه پیام نور، قزوین، ایران.
2 آزاد قزوین
3 غیرانتفاعی تاکستان
کلیدواژهها
عنوان مقاله English
نویسندگان English
The aim of this study is to investigate the effect of economic policy uncertainty (inflation, gross domestic product) on banks' financial leverage with the moderating role of cash holdings. This study is applied in terms of purpose and uses causal and ex post facto research methods. In causal research, the aim is to determine the effect of the independent variable on the dependent variable. The statistical population includes banks listed on the Tehran Stock Exchange during the years 1398 to 1402. The data were analyzed using the panel data regression method. The findings showed that inflation has a positive and significant effect on banks' financial leverage. Gross domestic product has a negative and significant effect on financial leverage and cash holdings, and the significant effect of inflation on cash holdings was confirmed. In addition, the results showed that the level of cash holdings plays a moderating role in the relationship between inflation and banks' financial leverage. These results can be useful for policymakers and financial managers in better understanding the liquidity behavior of banks in unstable economic conditions.
کلیدواژهها English
