文章基本信息

标题：A study on relationship between capital employed efficiency and operating cash flow: Evidence from Tehran Stock Exchange ,
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作者：Mohammad Hassani ; Mehri Misaghi
期刊名称：Management Science Letters
印刷版ISSN：1923-9335
电子版ISSN：1923-9343
出版年度：2013
卷号：3
期号：4
页码：1089-1094
DOI：10.5267/j.msl.2013.03.019
出版社：Growing Science
摘要：Capital employed efficiency is one of the intellectual capital components based on value added intellectual capital model. It is calculated by dividing value added on capital employed. Operational cash flow is made from operating activities. It is expected that created value added from capital employed could make more operational cash flow. This paper investigates the relationship between capital employed efficiency and operating cash flow. To test this hypothesis, data has been collected from a sample of 161 firms in Tehran Stock Exchange over the period 2008-2012. Results show that there is a positive and significant relationship between capital employed efficiency and operational cash flow. In other words, more cash flow from operational is created through increasing the amount of value added based on capital employed.
关键词：Capital employed efficiency; Operational cash flow; Growth Opportunity; Profitability