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
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