1
. Faculty of Accounting, Islamic Azad University of Ghaenat
2
. Faculty of Accounting Payam Noor University
Abstract
This study examines the relationship between information asymmetry and the sensitivity of cash flows Cash in the Tehran Stock Exchange's listed companies. Cash flow sensitivity refers to the percentage change in the level of cash maintained in the face of changes in operating cash flow is cash. To measure the price gap between demand and supply information asymmetry of the stock is used. The correlation study, based on the combined data. In this study, 108 financial information listed companies in Tehran Stock Exchange during the period 1385 to 1391 were studied. Test results show the effectiveness of information asymmetry hypothesis on the sensitivity of cash flow is cash. This means that with the introduction of a measure of cash flow sensitivity of cash flow information asymmetry is reduced.