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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
We contribute to the study of the conceptualization and measurement of the rate of profit of the financial and … nonfinancial sectors. We assemble a new data set for the US economy to construct measures of the profit rate for each sector: the … measures of profitability in each sector have changed over time, how these have been correlated at different frequencies, and …
Persistent link: https://www.econbiz.de/10013264883
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debt structure, and the effect of this on corporate profitability. The assumption on which the study was based is that, if … profitability but no significant relationship between firm's working capital composition and profitability. The results, however … profitability is positively affected. The study therefore recommends that, for firms to optimize profitability and to maintain good …
Persistent link: https://www.econbiz.de/10013071720
of investors. We found that the dissatisfaction after a loss is more intense than the satisfaction after a profit, and …
Persistent link: https://www.econbiz.de/10012951569
This paper offers an alternative theory of corporate finance, to replace the invalid MM theorem. It derives the optimal amount of fund, which can be equity or debt. It introduces a new concept called marginal yield. It corrects the meaning of borrowing. It reproduces the MM theorem, to show its...
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