M.A. Thesis:

financial leverage٫ operating liquidity and combined effect of these two on performance companies

One of the main incentives for investors to enter the capital market, business efficiency and ultimately increase wealth. Performance is an important factor in the stock market value, thus changing the shareholder wealth. The present study sought to examine the relationship between financial leverage, liquidity, operational and performance combined effect of these two companies. To represent operating measures the cash conversion cycle, operating cash flow margin and current ratio is used to evaluate the performance of the rate of return on assets. The sample consisted of 100 participants over a period of 5 years, (2011-2015) was. Based on the results of research and statistics at the 5% level we can say that Between financial leverage cash conversion cycle and the combined effect of these two there is a significant relationship with firm performance. The financial leverage ratio between operating cash flow and margins are significant. But the combined effect of financial leverage with a ratio of operating cash flow and margins there is no significant relationship with firm performance.

Keywords: : Financial leverage, Performance, Cash Conversion Cycle, Current Ratio, Operating Cash Flow Margin,