Working Capital Management Policies of Listed Companies in the Tehran Stock Exchange

International Business Management, 10(15), 2016, DOI: 10.3923/ibm.2016.3108.3112

Posted: 25 Aug 2016

See all articles by Dr Ebrahim Mansoori

Dr Ebrahim Mansoori

University of Kurdistan Hewler

Omid Mansouri

Islamic Azad University (IAU), Mahabad Branch; Payam-e-Noor University - Department of Accountancy

Date Written: 2016

Abstract

The present study examines the working capital procedures of companies listed in Tehran Stock Exchange (TSE). The population consisted of all manufacturing companies listed on the TSE at the end of year 2013. The standard survey questionnaires were mailed to all sample firms. In order to test hypotheses, Chi-square is used. The results of the research have been compared with similar results of previous studies conducted in companies within USA, Canada, and Australia. We find that most of Iranian companies use unofficial working capital policies compared with these countries. Moreover, the results also showed that Iranian companies are more risk-averse for managing working capital and are associated with more conservative policies. In addition, Iranian companies have no scheduled programming to use the Just in Time (JIT) techniques to manage their inventories.

Keywords: working capital, working capital management, comparative study, Tehran Stock Exchange

JEL Classification: M41

Suggested Citation

Mansoori, Ebrahim and Mansouri, Omid, Working Capital Management Policies of Listed Companies in the Tehran Stock Exchange (2016). International Business Management, 10(15), 2016, DOI: 10.3923/ibm.2016.3108.3112, Available at SSRN: https://ssrn.com/abstract=2817328

Ebrahim Mansoori

University of Kurdistan Hewler ( email )

Hewler
Iraq

HOME PAGE: http://https://www.ukh.edu.krd/

Omid Mansouri (Contact Author)

Islamic Azad University (IAU), Mahabad Branch ( email )

University Alley
Mahabad, West Azarbayjan 5913933137
Iran

Payam-e-Noor University - Department of Accountancy ( email )

Alborz provience,Iran
mahabad, Tehran
Iran

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