The Effect of Ownership Structure on Cash Conversion Cycle in Listed Firms on Tehran Stock Exchange

Elaheh Javadi and Hashem Nikoumaram
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Elaheh Javadi: Department of Accounting, Master's Student in Accounting, Science and Research Branch, Islamic Azad University, Tehran, Iran,
Hashem Nikoumaram: Department of Accounting, Science and Research Branch, Islamic Azad University, Tehran, Iran.

International Journal of Economics and Financial Issues, 2017, vol. 7, issue 4, 453-458

Abstract: This study aims to investigate the effect of ownership structure in terms of ownership type and ownership concentrate on cash conversion cycle (CCC) in 115 listed firms on Tehran stock exchange between 2008 and 2014. The theoretical basis and the data used in this study were obtained through library research. Also, the hypotheses formulated in the present research were tested using correlation analysis based on multivariate regression analysis. The results obtained by testing the hypotheses show that there is a significant and negative correlation between institutional ownership and CCC and a significant and positive correlation between firm ownership and CCC. The results of the study also indicate that there is not a significant correlation between major shareholder ownership and CCC.

Keywords: Cash Conversion Cycle; Ownership Structure; Institutional Ownership; Cash (search for similar items in EconPapers)
JEL-codes: C32 O13 O47 (search for similar items in EconPapers)
Date: 2017
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eco:journ1:2017-04-54

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