The effect of net working capital on the market value of companies listed in Tehran Stock Exchange using Auto Regressive Distributed Lag (ARDL)

Document Type : Research Paper

Author

Department of Accounting, Payame Noor Unvierstiy, Tehran, Iran

10.22075/ijnaa.2023.30611.4448

Abstract

The purpose of this research was to investigate the net effect of working capital on the company's market value. The statistical population of the current research was the companies admitted to the Tehran Stock Exchange between 2011 and 2021, and the samples included 150 companies that have characteristics such as data availability, financial statements, etc. The analysis of corporate financial information was performed by Autoregressive Distributed Lag (ARDL) in the Eviews software environment. The result of the research showed that net working capital has a significant effect on the value of companies listed on the Tehran Stock Exchange.

Keywords


Articles in Press, Accepted Manuscript
Available Online from 27 May 2023
  • Receive Date: 15 January 2023
  • Revise Date: 09 May 2023
  • Accept Date: 20 May 2023