The effect of working capital strategies on performance evaluation criteria

Abstract

The main aim of the present study is to explore the effect of working capital strategies on performance evaluation criteria. To this end, a number of 658 companies were selected during the period of 2007. For testing research hypotheses, multivariate linear regression statistical technique was used. The results indicate that investment strategies have a significant effect on return on assets and Tobin Q indicator. However, these strategies do not have any significant effect on Market Value Added. Financing strategies also have only a significant effect on Return on Assets.