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Abstract. The current study aims to evaluate the impact of working capital components on the financial performance of Indian pharmaceutical companies. Moreover, it aims to analyze working capital among small, medium and large firms. The study uses a panel data of 82 pharmaceutical companies for the period from 2008 to 2017.
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According to Aktas et al. (2015) and Yunos et al. (2015), efficient working capital management (WCM) helps in reallocating underutilized resources to generate higher-value that can lead to the enhancement of firm's performance and can help in increasing profitability without resulting in liquidity problems. These studies have the privilege of ...
This paper aims to investigate how firms growing at a high average rate over a period differ in their working capital management (WCM) efficiency from those growing at a low rate during the same period. It also examines how WCM efficiency impacts firms' financial performance and how firms' growth influences this relationship.
Working capital management, firm performance and nature of business: An empirical evidence from India. International Journal of Productivity and Performance Management , 70(1), 179-200. Crossref
The main aim of this paper is to evaluate the impact of working capital policies on firms' profitability. The study uses a panel data set of 829 manufacturing firms for the period from 2011 to 2017. Data is extracted from Prowess IQ database. An empirical model is used for testing research hypotheses. The results show that all firms across Indian states follow conservative financing and ...
The purpose of this study is to examine how Indian commercial banks' performance can be improved by determinants of working capital management. This study uses both static models Generalised ...
This paper aims to investigate the impact of the efficiency of working capital management (WCM) on the performance of a sample of Indian companies and explore how the nature of the firm's business influences the significance and direction of this impact.,The data for this study were collected for the period of 2012-2018 for 414 non-financial ...
Towards this end, this paper studies 366 non-financial Indian corporates, chosen from a widely followed broad-based stock index BSE-500, over a three-year period, from 2007 to 2010, to assess ...
The purpose of this paper was to examine the relationship between working capital management strategies of a firm and its profitability. We also make an attempt to understand the impact of the global macroeconomic conditions on this relationship. We apply correlation analysis and fixed effects estimation on our sample of Indian manufacturing companies. Cash conversion cycle has been utilized ...
P and Etal (2018) identified "the impact of working capital management on corporate performance: An empirical analysis of selected IT firms in India". The studyperiod was from 2008 - 2017. During the study they found that the management of current assets was more important than other aspects of the working capital management.
Return on total assets represents the profitability of the industry and acts as a dependent variable to develop an empirical model in order to establish relationship between working capital management and profitability of the steel industry in India by using panel data regression. The period of study is 17 years, that is, 2000-2016.
The purpose of this paper is to investigate the working capital management (WCM) practices adopted by Indian firms listed on the National Stock Exchange (NSE).,Using a questionnaire, the authors gather data from 110 financial managers and use various statistical techniques to test for statistical significance.,The evidence shows that the ...
In their study, Farhan et al., (2021) analysed "the effect that various aspects of working capital had on the overall financial performance of 82 Indian pharmaceutical companies throughout the ...
Ghosh and Maji, (2003) in this paper made an attempt to examine the efficiency of working capital management of the Indian cement companies during 1992 - 1993 to 2001 - 2002. Findings of the study indicated that the Indian Cement
Purpose - - 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. Design/methodology/approach - - Using systematic literature review (SLR) method, the ...
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Purpose: The purpose of this paper is to investigate the working capital management (WCM) practices adopted by Indian firms listed on the National Stock Exchange (NSE). Design/methodology/approach: Using a questionnaire, the authors gather data from 110 financial managers and use various statistical techniques to test for statistical significance.
As the working capital management which was measured by the account receivables period, cash conversion cycle, and accounts payable period have a statistically significant and positive correlation with the performance of exporting firms in Ethiopia which was measured by return on asset and return on investment, exporting firms may need to ...
1. Introduction. Working capital management (WCM) is one of the challenges faced by companies, which can provide a convenient and appropriate level of liquidity for enabling companies to cover their short-term financial obligations - resulting from financing their operations - in order to ensure the continuity of the companies' business and maximize their profitability.
The purpose of the article is to look into the impact of working capital management (WCM) on the profitability of Indian automobile companies. ... (2017). Effect of receivables management on profitability: A study of commercial vehicle industry in India. Management, 2(2), 246-255. Google Scholar. ... International Review of Business Research ...
Kamma Arpitha1, Pavan Kumar2. 1,2Student, Department of Management Studies, VIT University, Chennai, India. Abstract: Dairy cooperatives play important role in socio economic development of our country particularly in India. Today India is under developed and one of the illiterate countries in the World with high level of unemployment.
The global computer outage affecting airports, banks and other businesses on Friday appears to stem at least partly from a software update issued by major US cybersecurity firm CrowdStrike ...
The paper examined the working capital management variations and profitability by analysing the connection among changes in working capital management and firm profitability. The previous literature review provides evidence of the significant roles of working capital management on the accounting profitability and assures that both accounting ...