Relationship Between Cash Flow Volatility And Capital Structure (An Empirical Study on Banks Listed at Damascus Securities Exchange)

Authors

  • rasha deba Tishreen University
  • Eyad Hatem Tishreen University
  • Afraa Ali Tishreen University

Abstract

This research aims to test the impact of the volatilities in cash flows with their various  net activities (operating, investing, and financing), in addition to Volatility in the Net cash flows on capital structure of banks listed in the Damascus Securities Exchange on. The research community consisted of 14 banks, during the time period from 2015 to 2022. Four independent variables were used؛ which are the Volatility of cash flows from activities (operating, investing, financing), in addition to the Volatility of Net cash flows, and its were measured according to the standard deviation. The capital structure was also measured through ratio of  Total Assets/Equity, and a controlling variable was used, which is the size of the bank, as it was measured through the natural logarithm of total Assets. The E-view10 program was used, and three models (pooled regression model, fixed effects, and random effects) were compared through the F test and the Hausman test. Results showed that there is significant positive relationship between volatilities of financing cash flows and capital structure, were  explanatory value of  the model is 18,4%, and there is no statistically significant relationship between volatilities of net cash flows, and volatilities of operating and investing cash flows and the capital structure of private banks.

Downloads

Published

2024-11-10

How to Cite

1.
ديبه ر, اياد حاتم, عفراء علي. Relationship Between Cash Flow Volatility And Capital Structure (An Empirical Study on Banks Listed at Damascus Securities Exchange). Tuj-econ [Internet]. 2024Nov.10 [cited 2024Nov.25];46(4):219-38. Available from: https://journal.tishreen.edu.sy/index.php/econlaw/article/view/16981

Issue

Vol. 46 No. 4 (2024): Tishreen University Journal of Research and Scientific Studies - Economic and Legal Sciences

Section

Articles

License

Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.

  • The authors retain the copyright and grant the right to publish in the magazine for the first time with the transfer of the commercial right to Tishreen University Journal of Research and Scientific Studies - Economic and Legal Sciences

     Under a CC BY- NC-SA 04 license that allows others to share the work with of the work's authorship and initial publication in this journal. Authors can use a copy of their articles in their scientific activity, and on their scientific websites, provided that the place of publication is indicted in  Tishreen University Journal of Research and Scientific Studies - Economic and Legal Sciences   .  The Readers have the right to send, print and subscribe to the initial version of the article, and the title of Tishreen University Journal of Research and Scientific Studies - Economic and Legal Sciences Publisher

  • journal uses a CC BY-NC-SA license which mean

    You are free to:

    • Adapt — remix, transform, and build upon the material
    •  
    • The licensor cannot revoke these freedoms as long as you follow the license terms.

  • Attribution — You must give appropriate credit, provide a link to the license, and indicate if changes were made. You may do so in any reasonable manner, but not in any way that suggests the licensor endorses you or your use.

  • NonCommercial — You may not use the material for commercial purposes.

  • ShareAlike — If you remix, transform, or build upon the material, you must distribute your contributions under the same license as the original.

  • No additional restrictions — You may not apply legal terms or technological measures that legally restrict others from doing anything the license permits.