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for the period 1990-2004 (87030 firm-year observations). The results suggest that managers can increase profitability and … reducing profitability and operating cash flow of firms instead of increasing them …
Persistent link: https://www.econbiz.de/10012976787
by the cash conversion cycle and profitability of Small and Medium Enterprises (SMEs). The paper employs panel data … empirical results show that there is a concave relationship between working capital level and firm profitability and that there … is an optimal working capital level at which firms' profitability is maximised. Furthermore, an examination as to whether …
Persistent link: https://www.econbiz.de/10013004018
profitability of Small and Medium Enterprises (SMEs) listed on the Alternative Investment Market (AIM), from the perspective of … WCM practices has an effect on profitability. However, the results show that given the limited resources of SMEs, the main … profitability …
Persistent link: https://www.econbiz.de/10013007079
This study examined the effect of working capital management (WCM) on the financial performance of quoted conglomerate firms in Nigeria for the period 2006 to 2016. Account receivable period (ARP), account payable period (APP), inventory turnover period (INV) and cash conversion cycle (CCC) were...
Persistent link: https://www.econbiz.de/10012834661
The traditional link between the cash conversion cycle and the firm's profitability is that shortening the cash … conversion cycle increases firm's profitability. On the other hand shortening the cash conversion cycle could harm the firm …'s operations and reduces profitability. However, identifying optimal levels of inventory, receivables, and payables where total …
Persistent link: https://www.econbiz.de/10013116801
We examine the value effect of working capital management (WCM) for a large sample of US firms between 1982-2011. Our results indicate (i) the existence of an optimal level of working capital policy; and (ii) firms that converge to that optimal level (either by increasing or decreasing their...
Persistent link: https://www.econbiz.de/10013062593
insufficient. Reducing retained earnings affected by lower profitability level increase corporate long-term debt. Furthermore, the …
Persistent link: https://www.econbiz.de/10012650718
Profitability is substantial for any firm to maintain business and enable long-term sustainability. Firms' decision on … new empirical evidence on the influence of debt (debt ratio and debt to equity ratio) on firm profitability (ROA), with … significant correlation and negative influence of debt ratio and capital structure on firm profitability. …
Persistent link: https://www.econbiz.de/10013266167
We take a closer look at the links between corporate capital structure and productivity, profitability and access to … capital structure has no significant impact on the firms' profitability or productivity. However, the capital structure is …
Persistent link: https://www.econbiz.de/10010439503
in cement, chemical and engineering sectors of Pakistan. Data is obtained from annual reports of the companies during …
Persistent link: https://www.econbiz.de/10011926207