Relationship between Cash Holding, Working Capital and Dividend Payment with Investment Policies in Companies Listed on the Tehran Stock Exchange

Cash is one of the most important needs of each unit to carry out activities because it can affect various factors and ultimately increase the company's activity and gain returns for shareholders. In this regard, the purpose of this study is to investigate the relationship between cash holdings, working capital and dividend payment with investment policies. This research is descriptive in nature and method and in terms of purpose, it is an applied research and since in the present study the current status of variables has been analyzed using past information through past information, it is in the category of descriptive studies. And post-event type is included. In the course of this research, three hypotheses were formulated and 110 companies were selected through sampling by systematic elimination method for a period of 7 years between 1392 to 1398 and data related to research variables after compilation in Excel software using software Statata version 15 were statistically analyzed. The results of the hypothesis test showed that there is a significant direct relationship between cash retention and investment policies. There is also a significant direct relationship between working capital and investment policies. But no link was found between dividend payments and investment policies.