Investigating the impact of environmental uncertainty on investment sensitivity to cash flow

Investment-cash flow sensitivity will be very strong for firms that face overcommitments between internal and external costs. Therefore, these companies are considered as companies with high financial constraints. In addition, it is also shown that the degree of sensitivity of cash flow investment varies with different parameters of the sample. Therefore, according to the above, this research seeks to investigate whether environmental uncertainty has an effect on the sensitivity of investment to the cash flow of companies. The statistical population of the research is 120 companies, 120 companies; Companies accepted in Tehran Stock Exchange. Also, the time domain includes 10 consecutive years from 1391 to 1400 according to the results of the environmental uncertainty variable hypothesis test, considering that its significance level is less than 5%, which indicates a significant relationship with investment sensitivity to the cash flow of accepted companies. It is in the Tehran Stock Exchange.