Relationship between Working Capital, Operating Cash Flows and Operating Income: Empirical Evidences from Listed Firms in Tehran Stock Exchange
Journal Title: Asian Economic and Financial Review - Year 2012, Vol 2, Issue 1
Abstract
The main purpose of this research is to investigate the relationship between working capital, operating cash flow and operating income, in the companies that listed in Tehran Stock Exchange. Panel analysis is applied to sample of 52 companies during the period 2000-2009. The results show that there is a positive relationship between working capital and operating profit. But there is not meaningful relationship between operating cash flows and working capital.
Authors and Affiliations
Hashem Valipour| Accounting Department, Firouzabad Branch, Islamic Azad University, Firouzabad, Iran, Zakieh Shooshtarian| Accounting Department, Marvdasht Branch, Islamic Azad University, Marvdasht, Iran, Esmail Ostovari| Accounting Department, Marvdasht Branch, Islamic Azad University, Marvdasht, Iran
Keywords
Related Articles
- EP ID EP1736
- DOI -
- Views 490
- Downloads 37
DECISION USEFULNESS APPROACH TO FINANCIAL REPORTING: A CASE FOR MALAYSIAN INLAND REVENUE BOARD
This paper aims at determining whether or not financial reporting of companies in Malaysia provides useful information to Inland Revenue Board for income tax determination. The respondents in this study were staff of the...
THE EFFECT OF ECONOMIC FACTORS ON MENTAL DISORDER RESULTING TO CRIME
Nowadays, social criteria such as economic situation, educational degree, and marital status and so on play a significant role in individual development and growth in community. Lack of such parameters provides backgroun...
FINANCIAL CHALLENGES FACED BY RETAIL SMES OPERATING IN A MULTI- CURRENCY ENVIRONMENT. A CASE OF GWERU URBAN, ZIMBABWE
The study sought to find out financial challenges encountered by retail SMEs operating in a multi-currency environment with particular reference to Gweru Urban in Zimbabwe. The replacement of the Zimbabwean dollar by for...
INFLATION THRESHOLDS AND ECONOMIC GROWTH: EVIDENCE FROM NIGERIA
Inflation is one of the most challenging macroeconomic objectives capable of frustrating every pragmatic effort at achieving other macroeconomics goals if not curtailed. To this end, the paper empirically examines the th...
INTERDEPENDENCE OF SOUTH ASIAN & DEVELOPED STOCK MARKETS AND THEIR IMPACT ON KSE (PAKISTAN)
The objective of this study was to investigate the interdependence among the South Asian and developed markets and their impact on Karachi Stock Exchange. The data were collected from eight worldly stock exchanges, four...