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Year 2015, Volume: 36 Issue: 3, 4322 - 4330, 13.05.2015

Abstract

References

  • Ghalibaf Asl, Hasan, Nateghi,Mahbobeh(2006)” studying efficiency in weak level in Tehrans’ securities exchange” , financial researches, Tehran university , number22, p 47-66
  • Ezati,Morteza(1996), “ Research method in social science , application in field of economic problems “, teacher education university, economic researches institution, edition 1.
  • Schilling, G, (1996) ”Working Capital's Role in Maintaining Corporate Lliquidity”,TMA Journal,Vol.16,No.5,pp.4-7
  • Johnson, R, Soenen,L(2003) "Indicators Of Successful Companies", European Management Journal, Vol.21, NO. 3,pp.364-69
  • Polák, P Kocurek, K (2007)”Cash and Working Capital Management in the Czech Republic”, Investment Management & Financial Innovations, Vol. 4, No. 1, pp. 1730
  • Brewer,A.& J.Zhao(2010),”The Impact of a pathway college on Reputation and Brand Awareness for It’s Afflicated university in Sydney” International Journal of Educational Management. Vol.24.No1,PP 34-44
  • Shabahang, Reza (2007),” financial management “, second copy,Tehran,audit organization , publication number 102, fourth edition
  • Donaldson, G. (1961). Corporate debt capacity: A study of corporate debt policy and the determination of corporate debt capacity، Boston: Division of Research, Harvard School of Business Administration.
  • Nikumaram , Hashem,Rahnamay Rudposhti,Feridun,Hemati,Farshad(1999) Financial management bases “,Termeh publications, first copy.

Effect of working capital and financial decision making management on profitability of listed companies in Tehran’s securities exchange

Year 2015, Volume: 36 Issue: 3, 4322 - 4330, 13.05.2015

Abstract

Abstract. Working capital management is one important part of financial management, because it directly affects corporate profitability and its goal is to establish a critical equivalence between maintaining liquidity for supporting daily operations and maximization of short- term investment opportunities. So, managers should consider decisions related to finance and effects that these factors have on capital structure up to can acquire enough earnings for securing appropriate return for investors and trusters. Present research is searching for studying effect of working capital and financial decision making management on profitability of listed companies in Tehran’s securities exchange. In this direction, all listed companies in bourse during time period 2009-2013, were investigated that after systematic deletion of some corporate, regarding contracted defaults, numbers of 141 companies were studied as a sample. Research findings show that there is a meaningful relation between decision making about corporate finance and working capital composition .And also combination of working capital and decision making for corporate finance, each independently has effect on corporate profitability, but combinational reaction of working capital and corporate debt ratio does not have meaningful relation on corporate profitability.

References

  • Ghalibaf Asl, Hasan, Nateghi,Mahbobeh(2006)” studying efficiency in weak level in Tehrans’ securities exchange” , financial researches, Tehran university , number22, p 47-66
  • Ezati,Morteza(1996), “ Research method in social science , application in field of economic problems “, teacher education university, economic researches institution, edition 1.
  • Schilling, G, (1996) ”Working Capital's Role in Maintaining Corporate Lliquidity”,TMA Journal,Vol.16,No.5,pp.4-7
  • Johnson, R, Soenen,L(2003) "Indicators Of Successful Companies", European Management Journal, Vol.21, NO. 3,pp.364-69
  • Polák, P Kocurek, K (2007)”Cash and Working Capital Management in the Czech Republic”, Investment Management & Financial Innovations, Vol. 4, No. 1, pp. 1730
  • Brewer,A.& J.Zhao(2010),”The Impact of a pathway college on Reputation and Brand Awareness for It’s Afflicated university in Sydney” International Journal of Educational Management. Vol.24.No1,PP 34-44
  • Shabahang, Reza (2007),” financial management “, second copy,Tehran,audit organization , publication number 102, fourth edition
  • Donaldson, G. (1961). Corporate debt capacity: A study of corporate debt policy and the determination of corporate debt capacity، Boston: Division of Research, Harvard School of Business Administration.
  • Nikumaram , Hashem,Rahnamay Rudposhti,Feridun,Hemati,Farshad(1999) Financial management bases “,Termeh publications, first copy.
There are 9 citations in total.

Details

Journal Section Special
Authors

Masoomeh Shahnazı

Keyhan Azadı This is me

Publication Date May 13, 2015
Published in Issue Year 2015 Volume: 36 Issue: 3

Cite

APA Shahnazı, M., & Azadı, K. (2015). Effect of working capital and financial decision making management on profitability of listed companies in Tehran’s securities exchange. Cumhuriyet Üniversitesi Fen Edebiyat Fakültesi Fen Bilimleri Dergisi, 36(3), 4322-4330.
AMA Shahnazı M, Azadı K. Effect of working capital and financial decision making management on profitability of listed companies in Tehran’s securities exchange. Cumhuriyet Üniversitesi Fen Edebiyat Fakültesi Fen Bilimleri Dergisi. May 2015;36(3):4322-4330.
Chicago Shahnazı, Masoomeh, and Keyhan Azadı. “Effect of Working Capital and Financial Decision Making Management on Profitability of Listed Companies in Tehran’s Securities Exchange”. Cumhuriyet Üniversitesi Fen Edebiyat Fakültesi Fen Bilimleri Dergisi 36, no. 3 (May 2015): 4322-30.
EndNote Shahnazı M, Azadı K (May 1, 2015) Effect of working capital and financial decision making management on profitability of listed companies in Tehran’s securities exchange. Cumhuriyet Üniversitesi Fen Edebiyat Fakültesi Fen Bilimleri Dergisi 36 3 4322–4330.
IEEE M. Shahnazı and K. Azadı, “Effect of working capital and financial decision making management on profitability of listed companies in Tehran’s securities exchange”, Cumhuriyet Üniversitesi Fen Edebiyat Fakültesi Fen Bilimleri Dergisi, vol. 36, no. 3, pp. 4322–4330, 2015.
ISNAD Shahnazı, Masoomeh - Azadı, Keyhan. “Effect of Working Capital and Financial Decision Making Management on Profitability of Listed Companies in Tehran’s Securities Exchange”. Cumhuriyet Üniversitesi Fen Edebiyat Fakültesi Fen Bilimleri Dergisi 36/3 (May 2015), 4322-4330.
JAMA Shahnazı M, Azadı K. Effect of working capital and financial decision making management on profitability of listed companies in Tehran’s securities exchange. Cumhuriyet Üniversitesi Fen Edebiyat Fakültesi Fen Bilimleri Dergisi. 2015;36:4322–4330.
MLA Shahnazı, Masoomeh and Keyhan Azadı. “Effect of Working Capital and Financial Decision Making Management on Profitability of Listed Companies in Tehran’s Securities Exchange”. Cumhuriyet Üniversitesi Fen Edebiyat Fakültesi Fen Bilimleri Dergisi, vol. 36, no. 3, 2015, pp. 4322-30.
Vancouver Shahnazı M, Azadı K. Effect of working capital and financial decision making management on profitability of listed companies in Tehran’s securities exchange. Cumhuriyet Üniversitesi Fen Edebiyat Fakültesi Fen Bilimleri Dergisi. 2015;36(3):4322-30.