The paper introduces an internal information tool, the advanced cash conversion cycle (ACCC), for controlling the amount and cost of working capital, by refining and extending the concept of the weighted cash conversion cycle. The ACCC model has been developed with a real world value chain case...

One of the most important roles of a company’s management is to forecast the future economic conditions in which the company will develop its activity. Based on these forecasts and taking into account the economic, technical and competitive environments, the management establishes the...

Деловая активность хозяйствующего субъекта в настоящее время является одним из важнейших факторов, оказывающих влияние на его конкурентоспособность. Уровень...

Earnings quality in financial reporting can influence confidence of investors in financial markets. Since the information and financial reporting environment of organizations is affected by the activity type of a business unit, quality of financial reporting is somehow influenced by these...

Working capital management is a critical element in the survival of every firm. While the effective management of working capital leads to value creation in firms, ineffective management of working capital, on the other hand, does not only destroy value but can lead to the eventual solvency of...

A corporate cash-holding strategy is a trade-off between the costs and benefits of holding cash. At the macrolevel, firms are inclined to adjust and optimize their cash-holding strategies in response to changes in purchasing power due to inflation. At the microlevel, the operating cycle, which...

The objective of this study is to investigate the impact of working capital management (WCM) on corporate performance in cement, chemical and engineering sectors of Pakistan. Data is obtained from annual reports of the companies during 2007-2011. Pooled ordinary least squares method is used to...