Investigating the Short-Term and Long-term Effects of Risk Management on Liquid Assets of the Listed Companies on Tehran Stock Exchange

Document Type : Original Article

Author

Faculty member, Department of Business Administration, Sari Branch, Islamic Azad University, Sari, Iran

Abstract

The present research examines the short- and long-term effects of risk management on liquid assets of the listed companies on Tehran Stock Exchange (TSE). This is an applied research conducted based on a post-event, descriptive - analytical design. The research data are collected using documents and library research. To adapt economic theories to the realities of society, the causal relationships between the variables were tested using the published statistics and figures. Next, using the econometric dynamic panel data and the ARDL panel data methods in Eviews software, the research hypotheses were tested. The results indicate that risk management, both in the short- and long-term, has a significant effect on liquid assets of the TSE-listed companies, confirming the research hypotheses.

Keywords