Evaluate the Relationship between Risk Management and Working Capital Management in Companies Accepted in Tehran Stock Exchange during the Time Period of 2010-2015

APA 6th edition
In-text: (Rostami & Mansoori, 2017)
Your Bibliography: Rostami, R. & Mansoori, E. (2017). Evaluate the Relationship between Risk Management and Working Capital Management in Companies Accepted in Tehran Stock Exchange during the Time Period of 2010-2015. International Journal of Environmental and Science Education, 12(2), 291-301.

Harvard
In-text: (Rostami and Mansoori, 2017)
Your Bibliography: Rostami, R. and Mansoori, E. (2017). Evaluate the Relationship between Risk Management and Working Capital Management in Companies Accepted in Tehran Stock Exchange during the Time Period of 2010-2015. International Journal of Environmental and Science Education, 12(2), pp. 291-301.

Chicago 16th edition
In-text: (Rostami and Mansoori 2017)
Your Bibliography: Rostami, Reza and Ebrahim Mansoori (2017). "Evaluate the Relationship between Risk Management and Working Capital Management in Companies Accepted in Tehran Stock Exchange during the Time Period of 2010-2015". International Journal of Environmental and Science Education 12 (2):291-301.

Abstract

The aim of this study is to investigate the relationship between risk management and working capital management in companies accepted in Tehran Stock Exchange during the time period of 2010-2015. The sample includes total of 104 companies listed on the Tehran Stock Exchange. To test research hypothesis, risk management is considered as the independent variable, and working capital management is considered as the dependent variable. The results of panel data analysis showed that there is a significant inverse relationship between risk management and working capital indicators. That is, managers increase the level of investment in working capital to decrease the level of risk. Moreover, the results indicate that both operation working capital and liquid working capital is affected by risk management.

Keywords: Risk Management, Working Capital Management, Cash Conversion Cycle, Net Liquid Balance

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