Academia.edu no longer supports Internet Explorer.
To browse Academia.edu and the wider internet faster and more securely, please take a few seconds to upgrade your browser .
Enter the email address you signed up with and we'll email you a reset link.
- We're Hiring!
- Help Center
Download Free PDF
Research Proposal of working capital impact on profitability
Working capital management: a literature review and research agenda
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 present study reviews 126 articles from referred journal and international conferences published on WCM. Findings – Detailed content analysis reveals that most of the research work is empirical and focuses mainly on two aspects, impact of working capital on profitability of firm and working capital practices. Major research work has concluded that WCM is essential for corporate profitability. The major issues with prior literature are lack of survey-based approach and lack of systematic theory development study, which opens all new areas for future research. The future research directions proposed in this paper may help develop a greater understanding of determinants and practices of WCM. Practical implications – Till date, literature on classification of WCM has been almost non-existent. This paper reviews a large number of articles on WCM and provides a classification scheme in to various categories. Subsequently, various emerging trends in the field of WCM are identified to help researchers specifying gaps in the literature and direct research efforts. Originality/value – This paper contains a comprehensive listing of publications on the WCM and their classification according to various attributes. The paper will be useful to researchers, finance professionals and others concerned with WCM to understand the importance of WCM. To the best of the authors’ knowledge, no detailed SLR on this topic has previously been published in academic journals.
- Related Documents
A systematic literature review on working capital management – an identification of new avenues
Purpose This paper aims to provide a review of the existing literature available on working capital (WC) and working capital management (WCM). Design/methodology/approach A systematic literature review (SLR) methodology is used to review 187 articles selected from referred journals, books and international conferences for the period 1980-2017. Findings This comprehensive review reveals that much of the focus in the existing literature is paid on investigating the empirical relationship between WCM and firm performance. Furthermore, the attention has been paid towards studying the WC practices. The behavioural aspects, qualitative studies, survey studies and systematic theory development have been ignored in most of the prior studies. These areas have a broader scope for future research. Research limitations/implications This study is based on literature review and theoretical in nature. Therefore, it does not have any empirical results. Practical implications So far, a limited literature review studies have been conducted in WCM perspective. This review provides various emerging trends, which may be considered in future research for providing a deep understanding of WCM. Originality/value This is the first time a detailed review of WCM literature has been conducted by using SLR for the period of 1980-2017. This review will be useful for researchers, business policymaker, finance professionals and all other having direct or indirect concerns with WCM study.
Process improvement project failure: a systematic literature review and future research agenda
Purpose Although scholars have considered the success factors of process improvement (PI) projects, limited research has considered the factors that influence failure. The purpose of this paper is to extend the understanding of PI project failure by systematically reviewing the research on generic project failure, and developing research propositions and future research directions specifically for PI projects. Design/methodology/approach A systematic literature review protocol resulted in a total of 97 research papers that are reviewed for contributions on project failure. Findings An inductive category formation process resulted in three categories of findings. The first category are the causes for project failure, the second category is about relatedness between failure factors and the third category is on failure mitigation strategies. For each category, propositions for future research on PI projects specifically are developed. Additional future research directions proposed lay in better understanding PI project failure as it unfolds (i.e. process studies vs cross-sectional), understanding PI project failure from a theoretical perspective and better understanding of PI project failure antecedents. Originality/value This paper takes a multi-disciplinary and project type approach, synthesizes the existing knowledge and reflects upon the developments in the field of research. Propositions and a framework for future research on PI project failure are presented.
Research in urban logistics: a systematic literature review
Purpose The last decades have witnessed an increased interest in urban logistics originating from both the research and the practitioners’ communities. Sustainable freight transports today are on the political, social and technological agenda of many actors operating in urban contexts. Due to the extent of the covered areas and the continuous progress in many fields, the resulting body of research on urban logistics appears quite fragmented. From an engineering management perspective, the purpose of this paper is to present a systematic literature review (SLR) that aims to consolidate the knowledge on urban logistics, analyse the development of the discipline, and provide future research directions. Design/methodology/approach The paper discusses the main evidence emerging from a SLR on urban logistics. The corpus resulting from the SLR has been used to perform a citation network analysis and a main path analysis that together underpin the identification of the most investigated topics and methodologies in the field. Findings Through the analysis of a corpus of 104 articles, the most important research contributions on urban logistics that represent the structural backbone in the development of the research over time in the field are detected. Based on these findings, this work identifies and discusses three areas of potential interest for future research. Originality/value This paper presents an SLR related to a research area in which the literature is extremely fragmented. The results provide insights about the research path, current trends and future research directions in the field of urban logistics.
Green competencies: insights and recommendations from a systematic literature review
PurposeThis study conceptualises the construct – green competencies. The concept is in the niche stage and needs further elaboration. Hence, to address the research gap, this study follows the steps proposed by Tranfield et al. (2003). The major part of the study comprises descriptive analysis and thematic analysis. Descriptive analysis of the selected 66 articles was examined with the classification framework, which contains year-wise distribution, journal-wise distribution, the focus of the concept, the economic sector, and dimensions of sustainable development. The paper conducts a thematic analysis of the following research questions. What are the green competencies and their conceptual definition? What are their dimensions?Design/methodology/approachThis paper applies a systematic literature review of green competencies literature, extends the state-of-the-art using the natural resource-based view, and discusses future research directions for academicians and practitioners.FindingsIn recent years, there was considerable interest in green competencies (GC), as reflected in the surge of articles published in this genre. This paper asserts that green competencies are a multidimensional construct comprised of green knowledge, green skills, green abilities, green attitudes, green behaviours, and green awareness.Originality/valueDespite the significance of green competencies, there has been a dearth of study to define the constructs and identify the dimensions. Hence, this study addresses the literature gap by conceptualisation and discusses dimensions of the construct.
Nexus between business process management (BPM) and accounting
Purpose Multidisciplinary business process management (BPM) research can reap significant impact. We can particularly benefit from incorporating accounting concepts to address some of the key BPM challenges, such as value-creation and return on investment of BPM activities. However, research which addresses a relationship between BPM and accounting is scarce. The purpose of this paper is to provide a detailed synthesis of the current literature that has integrated accounting aspects with BPM. The authors profile and thematically describe existing research, and derive evidence-based directions to guide future research. Design/methodology/approach A multi-staged structured literature review approach to search for the two broad themes, accounting and BPM, supported by NVivo (to manage the papers and the coding and analysis processes) was designed and followed. Findings The paper confirms the dearth of work that ties the two disciplines, despite the synergetic multidisciplinary results that can be attained. Available literature is mostly from the management accounting perspective and relates to describing how performance management, in particular performance measurement, can be applicable to process improvement initiatives together with tools such as activity-based costing and the balanced scorecard. There is a lack of research that examines BPM in relation to any financial accounting perspectives (such as external reporting). Future research directions are proposed together with implications for practitioners with the findings of this structured literature review. Research limitations/implications The paper provides a detailed synthesis of the existing literature on the nexus between accounting and BPM. It summarizes the implications for practitioners and provides directions for future research by identifying key gaps and opportunities with a sound contextual basis for extension and new work. Originality/value Effective literature reviews create strong foundations for future research and accumulate the otherwise scattered knowledge into a single place. This is the first structured literature review that provides a detailed synthesis of the research that ties together the accounting and BPM disciplines, providing a basis for future research directions together with implications for practitioners.
Organizational learning and Industry 4.0: findings from a systematic literature review and research agenda
PurposeIndustry 4.0 has been one of the most topics of interest by researches and practitioners in recent years. Then, researches which bring new insights related to the subjects linked to the Industry 4.0 become relevant to support Industry 4.0's initiatives as well as for the deployment of new research works. Considering “organizational learning” as one of the most crucial subjects in this new context, this article aims to identify dimensions present in the literature regarding the relation between organizational learning and Industry 4.0 seeking to clarify how learning can be understood into the context of the fourth industrial revolution. In addition, future research directions are presented as well.Design/methodology/approachThis study is based on a systematic literature review that covers Industry 4.0 and organizational learning based on publications made from 2012, when the topic of Industry 4.0 was coined in Germany, using data basis Web of Science and Google Scholar. Also, NVivo software was used in order to identify keywords and the respective dimensions and constructs found out on this research.FindingsNine dimensions were identified between organizational learning and Industry 4.0. These include management, Industry 4.0, general industry, technology, sustainability, application, interaction between industry and the academia, education and training and competency and skills. These dimensions may be viewed in three main constructs which are essentially in order to understand and manage learning in Industry 4.0's programs. They are: learning development, Industry 4.0 structure and technology Adoption.Research limitations/implicationsEven though there are relatively few publications that have studied the relationship between organizational learning and Industry 4.0, this article makes a material contribution to both the theory in relation to Industry 4.0 and the theory of learning - for its unprecedented nature, introducing the dimensions comprising this relation as well as possible future research directions encouraging empirical researches.Practical implicationsThis article identifies the thematic dimensions relative to Industry 4.0 and organizational learning. The understanding of this relation has a relevant contribution to professionals acting in the field of organizational learning and Industry 4.0 in the sense of affording an adequate deployment of these elements by organizations.Originality/valueThis article is unique for filling a gap in the academic literature in terms of understanding the relation between organizational learning and Industry 4.0. The article also provides future research directions on learning within the context of Industry 4.0.
Islamic social finance: a literature review and future research directions
Purpose This paper aims to study the main trends of scientific research in Islamic finance’s social aspects to clarify place, role and functions, especially in the context of increasing social problems. To achieve this goal, this paper focuses on the social component of Islamic finance, analyzes publications on social Islamic finance in the Web of Science database, covering the period from 1979 to 2020, specify the geographical localization of research networks, determines the most cited authors and their scientific position. Design/methodology/approach The authors have applied several literature review techniques, a bibliometric citation and co-citation analysis, a co-authorship analysis and a review of the most cited papers. The analyzes’ results allow us to offer five future questions in Islamic social finance, zakat and waqf, which have not been investigated before and could influence Islamic social finance and Islamic finance research. Findings The authors also derive and summarize five leading future research questions. Research limitations/implications This is a limitation of using only the Web of Science Core Collection database as the premier resource and the most trusted citation index for the world’s scientific and scholarly research. Further study might expand the types of analyzed units, include more keywords and include other databases, such as Scopus. Originality/value This paper can be considered as an inspirational one to future researchers and policymakers in Islamic social finance.
Defined strategies for financial working capital management
Purpose – The purpose of this paper is to develop strategies for financial working capital management and to present previous literature on financial working capital management and its measures. Design/methodology/approach – Qualitative comparative analysis is used to formulate the strategies, and the variables in the analysis have been selected from previous literature. Empirical data consists of 91 companies listed in the Helsinki Stock Exchange during 2008-2012. Findings – The results indicate 11 possible strategies for financial working capital management which all aim at increasing financial working capital. There are suitable strategies for all companies independent from their profitability, capital intensity or working capital requirements. Research limitations/implications – The presented strategies have been created theoretically and have not been tested in companies, which could be done in future research. Originality/value – This study has three contributions. First, previous literature on financial working capital management is reviewed. Second, a novel measure for financial working capital is developed. Third, strategies for financial working capital management are presented.
Life cycle assessment of anaerobic digestion systems
Purpose It is well known that sustainability is the ideal driving path of the entire world and renewable energy is the backbone of the ongoing initiatives. The current topic of argument among the sustainability research community is on the wise selection of processes that will maximize yield and minimize emissions. The purpose of this paper is to outline different parameters and processes that impact the performance of biogas production plants through an extensive literature review. These include: comparison of biogas plant efficiency based on the use of a diverse range of feedstock; comparison of environmental impacts and its reasons during biogas production based on different feedstock and the processes followed in the management of digestate; analysis of the root cause of inefficiencies in the process of biogas production; factors affecting the energy efficiency of biogas plants based on the processes followed; and the best practices and the future research directions based on the existing life cycle assessment (LCA) studies. Design/methodology/approach The authors adopted a systematic literature review of research articles pertaining to LCA to understand in depth the current research and gaps, and to suggest future research directions. Findings Findings include the impact of the type of feedstock used on the efficiency of the biogas plants and the level of environmental emissions. Based on the analysis of literature pertaining to LCA, diverse factors causing emissions from biogas plants are enlisted. Similarly, the root causes of inefficiencies of biogas plants were also analyzed, which will further help researchers/professionals resolve such issues. Findings also include the limitations of existing research body and factors affecting the energy efficiency of biogas plants. Research limitations/implications This review is focused on articles published from 2006 to 2019 and is limited to the performance of biogas plants using LCA methodology. Originality/value Literature review showed that a majority of articles focused mainly on the efficiency of biogas plants. The novel and the original aspect of this review paper is that the authors, alongside efficiency, have considered other critical parameters such as environmental emission, energy usage, processes followed during anaerobic digestion and the impact of co-digestion of feed as well. The authors also provide solid scientific reasoning to the emission and inefficiencies of the biogas plants, which were rarely analyzed in the past.
High-performance organization: a literature review
PurposeThis paper aims to review and synthesize notable literature on high-performance organization (HPO), from which future research directions can be recommended.Design/methodology/approachThis narrative literature review analyzes major HPO literature in popular books and peer-reviewed articles published in English in the period between 1982 and 2019.FindingsThe review revealed that HPO literature has evolved multiple times, illustrating the complex and multifaceted nature of this phenomenon. In particular, literature on HPO has evolved in four phases: (1) definitions and conceptual development of HPO; (2) exploration of approaches to achieve HPO; (3) empirical validation of HPO framework; and (4) complicated research models and designs on HPO. Several research gaps were identified, which definitely hold varying research value and can be seen as potential opportunities for future research.Research limitations/implicationsThe focus of this review is on HPO literature published in English rather than cover all existing literature.Originality/valueIt is among the first studies to review the HPO literature and its evolution. This review also recommends constructive areas for future research on HPO to focus on.
Export Citation Format
Share document.
IMAGES
COMMENTS
Juan García‐Teruel, P. & Martínez‐Solano, P. (2007), Effects of working capital management on SME profitability, International J ournal of Managerial Finance , 3(2 ), pp. 164-177.
IS THE INFLUENCE OF WORKING CAPITAL MANAGEMENT ON PROFITABILITY OF DUTCH NON-FINANCIAL LISTED COMPANIES DURING THE PERIOD 2006-2010?" 1.3 Research objective The research objective aims at finding out whether working capital management can impact Dutch companies' profitability and if so, whether it is positively or negative affected. It
This research proposal has been submitted for examination with my approval as the university supervisor Mr Odipo Khoya Lecturer, Department of Finance and Accounting, School of Business, University of ... 1.2 Research Problem Working capital management is an important element in the agricultural sector that can't be ignored. Mishandling ...
The working capital management has been addressed by many authors as well as the relation of these management policies and the corporate profitability. Ross (2002) points out the relationship between working capital management and profitability by referring one of most important indicator of a firm's
The method used will be a quantitative study of how working capital management affects profitability in Finnish and Swedish publically traded companies. Industry effects in the investment in working capital will also be addressed. 1.3. Purpose of the thesis The purpose of this thesis is to research whether working capital management can affect
An analysis of working capital and working capital management (WCM) is the purpose of this study. This study analyzes the research published between 1960 and 2021 using the systematic literature ...
IMPACT OF WORKING CAPITAL MANAGEMENT ON PROFITABILITY A CASE OF THE PAKISTAN CEMENT INDUSTRY. INTERDISCIPLINARY JOURNAL OF CONTEMPORARY RESEARCH IN BUSINESS, 5 (2), 384-390. Garcıa-Teruel, P. J., & Martınez-Solano, P. (2007). Effects of working capital management on SME profitability. International Journal of Managerial Finance , 3 (2), 164-177.
stage, developing an llllderstanding of working capital characteristics and seeking common grormd between working capital theory and practice. One of the earliest definitions of working capital was proposed by Mann (1918). He defined working capital, as the amollllt of money or money equivalent required to finance a company's operations.
5.3 Journals with published work on working capital management This analysis identi fi es the rel evant journals that publi shed work on WCM during 1980- 2017.
This paper reviews 126 articles on working capital management (WCM) and identifies gaps and future research directions. It provides a classification scheme for WCM and discusses its impact on firm performance, practices and behavioural aspects.
According to Ramachandran and Janakiraman (2009), Working Capital is the flow of ready funds necessary for the working of a concern. They stated that the working capital comprises the funds invested in current assets and current liabilities. According to the Falope and Ajilore (2009), define WC is the firm's investment in short term assets.
Efficient working capital management is expected to have a positive effect on companies' business. The study aims to investigate the main factors that impact ... Through a comparison of patterns of capital movement, the research will provide insight on how the companies manage their working capital. Adetailed literature
The main research question is: 1. Does working capital management have a connection with building construction ... 1: Working capital management does have a connection with building construction companies' profitability. 9 This thesis suggests following hypotheses for the sub-question:
This chapter introduces the concept, importance, and challenges of working capital management (WCM) for businesses. It covers topics such as cash management, operational efficiency, and risk management, and provides examples and trends in WCM.
WCM: Working Capital Management ROA: Return on Asset CCC: Cash Conversion Cycle ACP: Average Collection Period ICP: Inventory Conversion Period APP: Average Payment Period LQ: Liquidity FS: Firm size, VS: The volume of sales LV: Leverage. WCM: Working Capital Management MOR: Ministry of Revenue MTO: Medium taxpayers' office
The optimal management of the components of working capital is considered to have an influence on liquidity (Smith, 1980; Nuhiu and Dërmaku, 2017), performance (Baños-Caballero et al., 2016 ...
PDF | On Mar 1, 2021, Kabir Yazid and others published Working Capital Management and Business Performance | Find, read and cite all the research you need on ResearchGate
Publisher's PDF, also known as Version of record Publication date: 2002 ... The research described in this thesis was written at the University of Groningen, ... 6.2. Overall working capital management.....113 6.2.1. Background information.....113 6.2.2. Overall working capital management - ...
PDF | One of the most important areas in day to day management of the firm is the management of working capital. Working capital management is the... | Find, read and cite all the research you ...