IPO companies are trying to improve their operational performance by paying attention to their liquidity for issuing shares or cash flows, and based on the management of these two issues, they can invest and issue shares; Because the lack of liquidity is expected to have a negative role in operational performance or the lack of cash flow will lead to a decrease in the company's activity. There is a possibility that IPO companies can play a role in predicting operational performance due to liquidity and cash flows, or how IPO companies play a role in operational performance due to lack of liquidity or cash flow; Therefore, the purpose of this study is to determine the effect of lack of liquidity in IPO companies on predicting operational performance with regard to cash flow in companies listed on the Tehran Stock Exchange.
The research method used is a descriptive-analytical method and historical research data was collected and classified by referring to the financial statements and reports of the companies admitted to the stock exchange. The panel data method was used to analyze the statistical data; And in the analysis section, descriptive and inferential statistics and various related tests were performed and data analysis was done using Eviews version 9 software. In order to analyze the hypotheses of the research, the statistical population was selected from 1397 to 1401 and for 5 years and included the companies admitted to the Tehran Stock Exchange.
The results of the analysis show that the main hypothesis was confirmed and it was found that the lack of liquidity in IPO companies has a negative and significant effect on predicting operational performance with regard to cash flow in companies listed on the Tehran Stock Exchange; Therefore, the lack of timely provision of liquidity or its management in IPO companies leads to a decrease in return on assets and return on equity.
Initial public offering or initial public offering is the process of offering shares of a private company to the public market. An initial public offering allows a company to raise cash through public investors. According to the findings of the research, the lack of liquidity in IPO companies causes the operational performance of the company to undergo changes, and as a result, the cash flow is also influential, and it is possible to pay attention to these two criteria for positive effects on operational performance, so that they can achieve better results or performance. Provide better for the company