Investigating the Relationship between Cash Conversion Cycle with economic Evaluation Criteria and Stock Returns in the Companies Accepted in the Tehran Stock Exchange
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The purpose of this research has been to investigate the relationship between the cash conversion cycle with the economic evaluation criteria and the stock returns. The spatial domain of this research has been the companies accepted in the Tehran Stock Exchange and the time domain has been between the years from 2010 to 2016. This research was post-event and applied type, and since the research data has been collected without researcher's involvement, it is a semi-experimental research type and it has been a correlation type with regard to the analysis of relationships between variables.
In this research, based on the systematic elimination method, 99 companies were selected as statistical samples and in order to collect data, the document mining in the context of financial reports provided by companies accepted in the Tehran Stock Exchange has been used.
The results of this research indicate that there is a significant difference between the cash conversion cycle and the economic evaluation criteria, which include the economic value added, refined economic value added, market value added, and also stock returns.
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