Assessment the Effect of Financial Supply Chain Management on Performance of Listed Companies in Tehran Stock Exchange

Applying effective supply chains and planning the models of evaluating performance have been considered in recent years. The main purpose of this chain is reducing costs, increasing the effectiveness and efficacy and in general improving profit for all its stakeholders. The present study attempted to investigate the possible effect of Financial Supply Chain Management (FSCM) on performance of companies that listed in Tehran Stock Exchange. For this purpose, the 3 month interim (seasonal) data of 37 pharmaceutical and cement companies (888 seasons - company) during 2009-2014 were utilized as sample. The results showed that there was a meaningful negative effect of Days of Sales Outstanding, Days of Inventory, and Operating Cash Cycle on performance. Thus, firms’ managers could improve their performances by adopting plans and policies in the field of financial supply chain. However, there was not found any significant effect on Days of Payables Outstanding, Cash Conversion Cycle on firms’ performance.