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:: year 12, Issue 48 (2021) ::
fa 2021, 12(48): 152-169 Back to browse issues page
Operational efficiency of the cash conversion cycle and its effect on the financial and non-financial performance of the production companies listed on Tehran Stock Exchange
Davoud Mostafazadeh1 , Mohsen Hamidiyan * 1, Fatemeh Sarraf1
1- Islamic Azad University, Tehran-south Branch
Abstract:   (2996 Views)
The main objective of this research is the operational efficiency of the cash conversion cycle and its effect on the financial and non-financial performance of the companies listed on the Tehran Stock Exchange. The sample of the study is selected by the systematic elimination method from 2013 to 2018. After applying the restrictions, 120 companies were selected as the sample. In this study, the research model was investigated using the panel data regression method.
Research findings show that the relationship between the cash conversion cycle and the net trading cycle with equity returns of companies is positive and significant.
And the relationship between cash conversion cycle and net business cycle with return on assets and economic value added is negative and significant. And the relationship between firm size and financial leverage covariates with return on equity, return on assets and economic value added of Tehran Stock Exchange companies is positive and significant.
Keywords: cash conversion cycle, business cycle, return on equity, return on assets, economic value added
Full-Text [PDF 989 kb]   (452 Downloads)    
Type of Study: Research | Subject: Special
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Mostafazadeh D, Hamidiyan M, Sarraf F. Operational efficiency of the cash conversion cycle and its effect on the financial and non-financial performance of the production companies listed on Tehran Stock Exchange. fa 2021; 12 (48) :152-169
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year 12, Issue 48 (2021) Back to browse issues page
فصلنامه حسابداری مالی Quarterly Financial Accounting
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