TY - JOUR T1 - Investigating the impact of free cash flow on product diversification of the listed companies in Tehran stock exchange A1 - Mehdi Afshar1* A1 - Reza Fallah2 JF - specialty journal of accounting and economics JO - SPEC. J. ACCOUNT. ECON. SN - 2412-7418 Y1 - 2016 VL - 2 IS - 3 SP - 58 EP - 63 N2 - The goal of this investigation is to examine the impact of free cash flow on products diversification of the listed companies in Tehran stock exchange. The locative domain of the research includes all listed companies in Tehran stock exchange and the time domain is during between 2010 to 2013. This investigation is a kind of applied and quantitative research. Lehn & Poulsen model (1989) is used to measure free cash flows, and Vinktash & chiang (1986) is provided a model to calculate information asymmetry. 336 firms were selected based on the systematic elimination method as the statistical population and 79 firms were finally selected regarding DeMorgan table. The results suggested that there is a free cash flow significantly impact on products diversification of the listed companies in Tehran stock exchange. UR - https://sciarena.com/article/investigating-the-impact-of-free-cash-flow-on-product-diversification-of-the-listed-companies-in-tehran-stock-exchange ER -