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This study comparatively examines the determinants of working capital management for listed vs. unlisted firms, and assesses the impact of this policy on profitability by focusing on the cash conversion cycle, a commonly used measure of working capital management. By using a large UK public and...
Persistent link: https://www.econbiz.de/10010934074
This study explores the association between working capital management and the profitability of textile firms in Pakistan. The efficiency of working capital management is reflected by three variables: cash conversion efficiency, days operating cycle, and days of working capital. We use return on...
Persistent link: https://www.econbiz.de/10010556348
In this paper we aim to specify the long term tendency of working capital in Turkey. Previous studies proved that working capital differentiated as per sectors and fluctuated over time. As found appropriate for analyzing the cross-section dependency and multiple structural breaks, we perform...
Persistent link: https://www.econbiz.de/10010840082
This study reports results of a nationwide survey on overall working capital policy of small manufacturing firms. The survey instrument used was a modified version of the 1980 Smith and Sell study [18] on large firms. A detailed 36-question form queried firms on their overall working capital...
Persistent link: https://www.econbiz.de/10010790695
The golden rule of financial equilibrium state the noncurrent resources should finance noncurrent assets and current resources should finance current assets. Managing working capital suppose to provide cash, which is indispensable for a company to run its day-by-day activities. The main aim of...
Persistent link: https://www.econbiz.de/10010679436
Objective of this study is to reveal the impact of the recent global economic crisis, triggered in 2007 and unveiled in 2008, on the working capital of real sector in Turkey. Since it is obvious that ratios would help in such an analysis, we have analyzed the current assets and liabilities...
Persistent link: https://www.econbiz.de/10010615616
profitability in Nigeria. It is closely followed by ICP and then CPP is third in importance in affecting profitability and liquidity … in Nigeria. The paper therefore recommends (1) that firms should promptly collect cash from credit sales, (2) that excess … participate in investing in Nigeria by creating the right legal and regulatory framework to enable them enter the market for …
Persistent link: https://www.econbiz.de/10010706235
It can be stated that, in France, a conventionality and a form of complacency probably stemmed from the standardization process. As a consequence, independent research has tended so far to concentrate more on fields that do not reside within the confines of the works of the standard-setting...
Persistent link: https://www.econbiz.de/10010706545
In the present article, the author aims to find solutions to optimize the supply chain for the cash flow – a flow of products reversed from the physical one and the two-ways flow of information. In the last 15-20 years, academics and practitioners were oriented towards increasing the speed,...
Persistent link: https://www.econbiz.de/10010819116
This paper analyzes the financing terms that support international trade and sheds light on how and why these arrangements affect trade. Using detailed transaction level data from a U.S. based exporter of frozen and refrigerated food products, primarily poultry, it begins by describing broad...
Persistent link: https://www.econbiz.de/10009131674