M.A. Thesis:

CEO gender, level of over-investment and corporate cash holdings

Abstract The main objective of this study was to investigate the relationship between CEOs gender, level of over-investment and cash holdings based on the evidence of capital market. In this applied research with descriptive and correlational approach from ex post facto type(based on the past and historical information) using the financial statements of listed companies in Tehran Stock Exchange (statistical population), analysis of testing hypotheses was conducted using panel data during the period 2009 to 2015 (a period of seven years). Also information of selected sample was gathered by systematic deletion sampling method and formulated hypotheses were tested with the help of statistical software R& Stata.Results of data analysis collected using multivariate regressions at expected error level (five percent) indicated thatthere is a significant relationship between the presence of women among CEOs and cash holdings. There is a significant relationship between the presence of women among CEOs and level of over-investment.

Keywords: CEO gender - Level of over-investment - Cash holdings