Management of working capital is regarded as one of the most essential part of business management this paper studies the impact of working capital management on the profitability of telecom industry the study period of papers is of 5 years ie 2010-2015 both dependent and independent variables are used in this. The purpose of this paper is to review research on working capital management ( wcm) and to identify gaps in the current body of knowledge, which justify future research directions wcm has attracted serious research attention in the recent past, especially after the financial crisis of 2008. In this study, we empirically investigate the effect of working capital management on firm's financial performance in an emerging market we hypothesize that working capital management leads to improved profitability our data set consists of firms listed in the cyprus stock exchange for the period. This paper aims to assess the effect of working capital management (wcm) on the performance utilizing unbalanced data for a sample of 49 jordanian industrial corporations listed at amman stock exchange - 2005 to 2009 using two alternative measures of profitability as proxy for the performance and five proxies for the. Many findings of past studies were revisited and analyzed to link working capital management with firm's profitability however, there is still ambiguity regarding the appropriate variables which might serve as proxies for working capital management that would affect firm's profitability thus, this research paper is conducted.
Improper management of working capital, that is, too much or too low working capital may suffer firms, so an optimum level of working capital is the key to a smooth inflow of profit in this paper we investigate the relationship between profitability and working capital management we used a sample of 60. Abstract: this study aims to develop an understanding about the evolutionary process of working capital management (wcm) research, explaining wcm in particular environments from the 1900's until the present the study discusses relevant studies in the literature, exploring the relevance of models, concepts or. The efficient management of working capital is crucial to the profitability of firms, therefore, it is prudent that management of firms make available in the ri add paper to my library share: permalink using the url or doi link below will ensure research journal of accounting and finance, vol 5, no 22, 2014 13 pages.
Unlike previous studies, other authors argue that the relationship between working capital management and corporate performance is nonlinear  second, the paper investigates the relationship between investment in working capital and firm performance according to different strategies of firms and. Cite this article: mr shivakumar, and dr n babitha thimmaiah (2016) “ working capital management - it's impact on liquidity and profitability - a study of coal india ltd” international journal of research - granthaalayah, 4(12) 178-187 223836 1 introduction. Working capital management components definitions 4 research methodologies the objectives of this research are: 1 discover the relationship between the wcm efficiency and firm's profitability and liquidity to find if there is evidence of wcm in telecommunication equipment industry 2 discover the wcm component.
The purpose of this paper is to examine the effect of working capital management on firms' performance for a sample of firms listed on a small emerging market, namely citation: bana abuzayed, (2012) working capital management and firms' performance in emerging markets: the case of jordan, international journal of. As a large manufacturing industry, working capital management in the steel industry involves a large portion of the company's total assets the optimum working hence, this paper analyses the working capital management of selected steel companies in india further, to measure indian journal of finance, vol 4, no3. This study investigates the influence of working capital management on firms' profitability under different business cycles in 65 non-financial firms listed on karachi stock exchange of pakistan by using the annual panel data for 10 years from the period of 2004 to 2013 we use pedroni panel co-integration and kao residual. Moreover, an optimal working capital management positively contributes in creating firm value (baghci and khamrui, 2012) most projects require the firm to invest in net working capital the main components of net working capital are cash, inventory, receivables, and payables it does not include excess.
Found from these articles for this study this thesis concentrates more on working capital management on a practical level, and on this particular theme articles and literature were not available some articles regarded account receivables or account payables only, so to broaden up the subject, many previous studies, articles. The main aim of this paper is to explore the working capital management components and examine their relationship with firm profitability among malaysia listed firms practice conservative working capital management techniques due to the fact that current ratio is high and debt ratio is low compared with prior studies.
Abstract: working capital management has lately been a hot topic since the financial turmoil of the late 2000's companies search for liquidity and operational efficiency through minimizing their investment in working capital however, can working capital management add to corporate profitability and shareholder value. Working capital management is applying investment and financing decisions to current assets most of the researchers found a positive impact of working capital management decisions on profitability of organizations it directly affects the liquidity and profitability of the firm in this research article 15 research papers of. This thesis is a study of articles published in scientific journals about working capital management using bibliometric methods the study was restricted to articles published in 1990–2010 that deal with the whole working capital management topic not a single sub-area of it working capital is defined as current assets minus. Journal of economics and international finance full length research paper working capital management and profitability: evidence from ghanaian listed manufacturing firms richard kofi akoto1, dadson awunyo-vitor2 and peter lawer angmor3 1department of banking and finance, university of professional studies.