The main aim of the present study is to examine the relationship between cash conversion cycle and operating cycle with financial performance of companies listed on Tehran Stock Exchange. Statistical population of this study is consisted of companies listed on Tehran Stock Exchange during the time period of 2008 to 2014 and sample volume was considered equal to 118 companies by using screening method and after the elimination of outlaying observations. In this study, the measures of operating cash flows including inventory turnover period, period of collection of receivables and the operating cash flows metrics including cash conversion cycle and operating cycle were taken as independent variables in order to study their effect on financial performance of companies. In this study, in which panel data with fixed and random effects were used, results obtained from firm data analysis by using multivariate regression at 95% confidence indicated that inventory turnover period, period of collection of receivables, cash conversion cycle and operating cycle have a reverse (negative) effect on financial performance of companies.
Jalili, S., & Hamidi Shakeri, M. (2016). The Relationship between Cash Conversion Cycle and Financial Performance. Applied Research in Financial Reporting, 4(2), 81-98.
MLA
Saber Jalili; Masoud Hamidi Shakeri. "The Relationship between Cash Conversion Cycle and Financial Performance". Applied Research in Financial Reporting, 4, 2, 2016, 81-98.
HARVARD
Jalili, S., Hamidi Shakeri, M. (2016). 'The Relationship between Cash Conversion Cycle and Financial Performance', Applied Research in Financial Reporting, 4(2), pp. 81-98.
VANCOUVER
Jalili, S., Hamidi Shakeri, M. The Relationship between Cash Conversion Cycle and Financial Performance. Applied Research in Financial Reporting, 2016; 4(2): 81-98.
