Surveying the Relationship between Working Capital and Economic Value Added at Firms Listed in Tehran Stock Exchange

Abstract

This study has done to evaluate the impactof working capitalmeasurement criteria on Economic Value Added at firms listedinTehran Stock Exchange. The population of this study are the companies that accepted at Tehran stock exchange since 2008. To gathering date were selected 430 companies as sample.The sampling method of this study isprobability-simple random sampling. In order to analyze the data, we used deductive and descriptive statistical methods. The results K-S Test shows the test distribution is Normal. So we can use Pearson Correlation to test the hypothesis of the research. In order to determine the relationship between the variables of the study, the SPSS tool has been used.The findings show that the working capital has correlation with Economic Value Added at firms listedinTehran Stock Exchange. Also, there is relationship between Creditors Payment period and EVA, Inventory turnover and EVA, Receipt of Receivables period and EVA and Creditors Payment period and EVA. Also, Findings show that there is not relationship between Inventory turnover and EVA at firms listedinTehran StockExchange.