The effect of firm size on the relationship between working capital management and profitability of companies listed on the Tehran Stock Exchange

Document Type : Original Article


1 M.A. in Accounting, Islamic Azad University, Qaemshahr Branch, Iran

2 Associate Professor of Accounting Department, Payam Noor University, Iran

3 PhD Student in Accounting, Islamic Azad University, Damavand Branch, Iran

4 M.A. in Accounting, Parandak Institute of Higher Education, Iran


In the present study, the effect of company size on the relationship between working capital management and profitability of companies listed on the Tehran Stock Exchange has been investigated. This research is empirical in terms of purpose. The study sample of this research are the companies listed on the Tehran Stock Exchange during a seven-year period from 2011 to 2018. According to the limitations of the research and using a systematic approach, data about 84 companies have been collected. To test the research hypotheses, statistical method based on multivariate regression and Eviews software was used to analyse the data. According to the results of research hypotheses, there is a positive and significant relationship between working capital management and profitability. The findings also showed that firm size has no significant effect on the relationship between working capital management and corporate profitability.


Main Subjects

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Volume 2, Issue 4
December 2019
Pages 37-48
  • Receive Date: 03 September 2019
  • Revise Date: 29 September 2019
  • Accept Date: 25 October 2019