Investigating relationship between types of cash and profitability based on economic, accounting and consolidated approaches

Agricultural Marketing and Commercialization Journal

دوره 6، شماره 2، اسفند 2022، صفحه 137-152   

نوع مقاله: Original Research

نویسندگان

Mojtaba Jameh Bozorgi¹؛ Akbar Bagheri^{* 2}؛ Asghar Karami³

¹Department of Accounting, Islamic Azad University, Islamshahr branch, Islamshahr, Iran

²Department of Economics Islamic Azad University, Islamshahr branch, Islamshahr, Iran

³Department of Accounting Islamic Azad University, Islamshahr branch, Islamshahr, Iran

چکیده

The main purpose of this study is to test the relationship between types of cash and profitability based on economic, accounting, and consolidated approaches for manufacturing companies listed on the Tehran Stock Exchange. In this regard, first, the theoretical foundations and internal and external background of the research are examined and in the next step a sample of 165 companies from manufacturing companies based on the fixed effects method and three research models based on the panel econometric approach for the period 2016-2016. Is. The results of estimating the first model confirm the significant relationship between the criteria for measuring the profitability performance of manufacturing companies based on the economic approach of investors with the total flow of free and operating cash. On the other hand, the analysis of the second model of the research showed that there is a significant relationship between the criteria for measuring the profitability performance of manufacturing companies based on the integrated approach of investors with the total flow of free and operational cash. Also, the third hypothesis of the research, which states that there is a significant relationship between the criteria for measuring the profitability performance of manufacturing companies based on investors' accounting approach with the total flow of free and operational cash, was confirmed after estimating the third model of the research. Finally, suggestions for improving the financial performance of selected manufacturing companies were presented based on the results.

کلیدواژه‌ها

Accounting approach؛ Cash flow؛ Manufacturing companies؛ Performance measurement؛ Tehran Stock Exchange

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