This research aims on studying the effect of corporate social responsibility (CSR) disclosure on cash holding level (CHL) by emphasis on the interactive role of corporates institutional ownership. Therefore, 87 of the listed corporates in Tehran Stock Exchange were selected, and economic consequences of CR were studied through stock market investors’ view. In this regard, the first hypothesis based on the relationship between CSR and CHL and the second hypothesis based on the relationship between CSR in the corporates having institutional ownership was proposed with CHL. Research results show the significant and reverse relationship between CSR and CHL and also a significant relationship between CSR in the corporates with institutional ownership and CHL.
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