Structural financing equations with focus on working capital optimization

Document Type : Research Paper


1 Department of Accounting, Gorgan Branch, Islamic Azad University, Gorgan, Iran

2 Department of Accounting, Bandargaz Branch, Islamic Azad University, Bandargaz, Iran


The purpose of this study is to examine financing with a focus on optimizing working capital with structural equations. The statistical population of the present study consists of all the financial managers and senior managers of the dairy industry sector of Golestan province. The sample size of the research was considered to be 73 people, and the questionnaire was distributed among them. And for this purpose, nine hypotheses were formed, which were analyzed using pls. The results of the data analysis showed that investment factors have an effect on business factors. Facilitation factors do not affect business factors. Production factors do not affect commercial factors. Economic factors affect commercial factors. Performance has an impact on business factors. Business factors affect market factors. Business factors affect organizational factors. Investment factors influence market factors through commercial factors and investment factors influence organizational factors through commercial factors.


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Volume 15, Issue 1
January 2024
Pages 31-48
  • Receive Date: 04 November 2022
  • Revise Date: 26 December 2022
  • Accept Date: 05 January 2023