جستجوی مقالات مرتبط با کلیدواژه "working capital" در نشریات گروه "مالی"

The purpose of this research is to investigate the information of circulation capital management information for predicting financial helplessness based on artificial neural networks and particle cumulative optimization algorithms. The statistical population of the research consists of 120 companies listed in Tehran Stock Exchange during the years 2008-2019. In order to achieve the goals of the research, first, by studying previous studies in the field of financial distress, 28 variables affecting financial distress and then, using the leading logistic regression model, the estimated model and 5 variables were selected. Then, in order to verify the information of the information management information in circulation, comparing the research model with attention and regardless of the circulation of circulation management based on the combination of artificial neural networks and the optimization of the cumulative particle movement. The results of the two models based on the combination of artificial neural networks and the optimization algorithm of cumulative particle movement showed that the development of the research model reduced the error of neural network training with the cumulative particle movement algorithm to 0.0641. Also, with the development of the research model, the subcutaneous level of Rock increases to 6,248 and, consequently, the research model is added to 70.5%. This result shows the effectiveness of the entry of capital management in the research model.

Despite the fact that accruals have a central role in preparing financial reports and are viewed as a dynamic research domain, the studies on accruals have not provided a profound understanding of how firm level economic factors affect accruals. In this study, the firms’ working capital is regarded as a form of investment. Also, using theoretical predictions from a real option-based investment framework, the present study aims to examine the effects of stock returns volatilities on changes in firm working capital accruals. In addition, the moderating effect of financial distress on the relationship between stock return volatilities and working capital accruals is studied.

The statistical sample of this research consists of 111 firms listed in the Tehran Stock Exchange from 2005 to 2016. The research hypotheses are also tested by Generalized Least Squares (GLS) regression analysis, using the pooled data.

The results show that there is a significant negative relationship between volatilities of stock return and changes of working capital accruals of firms in general. On the other hand, the results indicate a firm’s financial distress does not decrease the negative effect of stock return volatilities on working capital accruals. Furthermore, another finding suggests that stock returns volatilities have a positive effect on the items of capital liabilities and negatively affect items of working capital in accruals; however, the firms’ inventories, here, are considered as exceptions and returns volatilities have positively impacted the firms’ inventories.

  This research is looking forward to study how working capital financing is confirmed by various industries companies’ managers of Tehran Stock Exchange, focusing on financing hierarchy theory. The research investigates data from 2007 to 2017. Through purposive sampling, a sample of size including 170 companies in nine different categories was selected. The statistical methods of research were SUR and OLS regression. The SUR test results hold that if liabilities are considered in general, it can be concluded that financing hierarch theory is not regarded in any of the industries; while, if liabilities are divided to short-term and long-term categories, financing hierarchy theory will be observed in three categories of food, chemical and petroleum and machinery industries, ignoring short-term liabilities. Moreover, OLS regression test results show that financing hierarchy theory is regarded by managers within food, chemical and petroleum and machinery industries. The results of the research showed that the managers of some industries observe the financial hierarchy theory in working capital financing. Thus, in general, the results indicate that company mangers in various industries do not pursue the same approach in their financing decisions.

Working capital management is one of the most important issues in financial management and corporate finance that focuses on current liabilities and current assets. The aim of this research is to investigate the relationship between working capital management and profitability of listed firms in Tehran stock exchange. The research in class of the field study and with the use of techniques of panel data Includes 3120 observations (company/season) is done. Therefore the seasonal information of 156 firms of listed firms in Tehran stock exchange during the period of 1389-1393 has been investigated. In this research¡ in order to not false regression, stationary test on the Research variables used and to specify the type of a hybrid model (Panel model vs pooled model) F limer-test used¡ and to specify the type of the Panel model (fixed effects vs random effects) The hausman test has been used.ultimately in this Research the Panel data with fixed effects model and by EGLS method has been used. Eviews software to test assumptions and The estimate of research models and analysis of the results of the research models is used Research findings indicates that between all of the elements of working capital with profitability of companies significant inverse relationship exists.

Small and medium size enterprises play and important role in the economic development of Iran. However, they face difficulties such as timely availability of working capital problem. As a result, the main purpose of this study is to investigate causes of this problem as one of the most challenging problems of such enterprises. This applied and descriptive study uses a qualitative data collection method and a sample of selected managers in small and medium size enterprises located in the provinces of Tehran, Qazvin, Alborz and Mazandaran. To test our hypotheses, we first study characteristics of small and medium size enterprises as well as the principles and theoretical concepts of their working capital. Second, causes of timely availability of working capital problem in small and medium size enterprises are determined. Finally, based on semi-structured interviews, the opinion of selected company's managers regarding the timely availability of working capital problem is recognized. According to the Top ten method, the results of this study indicate that the roots and causes of timely availability of working capital problem in small and medium size enterprises can be investigated in two internal and external aspects i.e. the supply and the demand sides.

Today continuation of economic activities requires access to timely and adequate financial resources to provide working capital for enterprises, and any decision in this area has a considerable effect on the operational efficiency of the business unit and will lead to changes in the value of the company and ultimately shareholder's wealth.
In current conditions, because of the volume of outstanding debts of banks, and consequently, the lack of adequate capacity to respond to the increasing demand for loans, the access to financing is more difficult, leading to undesirable and inappropriate management of working capital and companie's loss of their competitive deals. Accordingly, one of the requirements of enterprises for improving the business environment is the effectiveness in providing working capital through the development of methods to achieve short-term funding from the capital market. In this paper, by using a descriptive analytical method with fiqh-based approach and considering the requirements of sharia and the country's laws, efforts have been made to develop a model for the issuance of securities that lead to efficient working capital of firms. Thus, according to the research carried out in our country and experiences gained in the field of securities, Sukuk Al Dayn based on accounts receivable is recommended as a new model for an efficient working capital management in Iran's financial market.

Recent economic crisis of 2007 and 2008 focus on working capital management in all companies is being considered again. Given the importance of business cycles on the working capital of the companies in the study of business cycles on the relationship between working capital management and profitability has been paid. In this study, two criteria to measure operational profitability and return on assets and gross profit, a total of 200 companies were selected as the sample for the period 91-1380 the total year 2218 the company was created. Results show that the impact of business cycles on the relationship between working capital and profitability in terms of economic prosperity is leading the economic downturn. Also the additional results show that the importance of the cash conversion cycle management and collection period increased demands in terms of economic prosperity, as well as efficient management of inventory and accounts payable payment period is reduced in terms of economic prosperity. Overall, the results show that working capital management is essential and critical for companies. And so, companies should consider it in their financing plans.

The purpose of this study was to assess the impact of working capital management on the agency costs of listed companies in Tehran Stock Exchange. The question is: Do different types of working capital management company representing the amount of money they have in Impact What are the Types of Working Capital Management at less cost effective representation? Agency costs may adversely affect the company''s value. In the present investigation agency costs as a function of the interaction between the company''s growth opportunities and free cash flow definition and the index of Tobin Q as a measure has been used to measure growth opportunities. For this purpose، the data of 127 firms listed in Tehran Stock Exchange during the period 1391-1386 has been adopted. Research hypotheses using multiple regression analysis and correlation has been studied. Our findings suggest that the costs of debt collection agency، there is no statistically significant relationship between the payment of debts and expenses represent a significant direct relationship is established.

The aim of this research is to find out the effect of working capital management on profitability and stock return. Working capital is one of the most important item of the right side of the balance sheet of each company and is equal to the current assets. Working capital management is the best compound of the items of working capital that causes the highest wealth for the company’s shareholders. This research has examined 75 companies of the SEC of the Tehran in a period since 1379 to 1386. The method is correlation. For analyzing data’s, Pierson rate of coefficient and multiline regression and ANOVA analysis has used. The results have shown that working capital policies have relation with profitability. Another result have shown that profitability of stock have direct relation only with working capital policy and don᾿ t have relation with growth of fixed assets and growth of sales .