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’s profitability in the textile sector of Pakistan. WCM plays an important role in firm’s financial management decisions. An optimal … WCM is expected to contribute positively to the creation of firm’s value and enhancement of its profitability. Working … variables are also used to investigate their effect on profitability (net income). A sample size of 55 textile companies in …
Persistent link: https://www.econbiz.de/10011259564
This article analyzes the profitability of the banks in six European countries between 1994 and 1997. We deal with the … link between profitability and certain external and interns' determinants of European banking system. Following a …
Persistent link: https://www.econbiz.de/10005015590
The decentralization of organizational decision authority has been shown to be complementary to Information Technology (IT) in prior research. We draw from the information processing view of organizations, the IT and de/centralization debate, and organizational learning theory to argue that IT...
Persistent link: https://www.econbiz.de/10008542248
The core objective of this study is to ascertain a link between the investment in fixed assets and the changing in the patterns of working capital. The relation between the flow of funds and the fixed assets is a central issue of the study. It is concluded in this study that funds from different...
Persistent link: https://www.econbiz.de/10005835634
The study aims at investigating, whether or not the cost channel of monetary policy is effective in Pakistan. The cost channel is one of the theoretical justifications of Price Puzzle, a phenomenon that has been observed in a number of empirical studies. Using Structural Vector Autoregression...
Persistent link: https://www.econbiz.de/10009223345
Under financial constraints, exporting may have less to do with productivity and more to do with financial resources. The established relationship between exporting and productivity would differ when examined through the lens of the working capital needs of the firm. I approach the hypothesis...
Persistent link: https://www.econbiz.de/10008756498
Financial constraints are widespread in developing countries, where even short term credit is limited. Finance held by firms as working capital is a substantial proportion of sales revenue, yet the role of working capital is largely neglected by existing models of financial constraints. I...
Persistent link: https://www.econbiz.de/10008756516
We formulate a simultaneous equations model and with the data of a panel of 600 Indian firms for the period 1991-92 to 1997-98 test the hypothesis of finance constraint. The firms are classified by the dividend pay-out ratio into high-cost and low-cost groups; a high dividend pay-out ratio...
Persistent link: https://www.econbiz.de/10011110688
This paper formulates a dynamic macroeconomic model with banks and two uses of credit, viz. for fixed capital and for working capital. The model was simulated for the dynamic path of the endogenous variables. To see the role of policy in a bad state, government expenditure was increased financed...
Persistent link: https://www.econbiz.de/10010575761
The paper deals with the application of the basic indicator of evaluating profitability in the context with alternative … traded on the stock exchange by means of the basic comparative indicator of profitability of equity in cooperation with …
Persistent link: https://www.econbiz.de/10005835494