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Research Proposal of working capital impact on profitability

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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.

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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

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Research in urban logistics: a systematic literature review

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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

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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

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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.

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  1. (PDF) Working capital management policies and Credit Risk: An empirical

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  2. (PDF) Working Capital Management and Profitability: Empirical Evidence

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  3. (PDF) The Influence of Working Capital Management on Corporate

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  4. (PDF) A Project report on A STUDY OF WORKING CAPITAL MANAGEMENT OF

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  5. (PDF) CONCEPT OF WORKING CAPITAL MANAGEMENT

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  6. (PDF) Working Capital Management Impact on Profitability: Pre-Pandemic

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COMMENTS

  1. (PDF) Working Capital Management

    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.

  2. PDF The Influence of Working Capital Management

    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

  3. The effect of working capital management on the profitability of

    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 ...

  4. PDF Working Capital Management impact on Profitability

    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

  5. PDF Effects of Working Capital Management on Company Profitability

    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

  6. Working Capital Management: A Systematic Literature Review

    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 ...

  7. (PDF) Research Proposal of working capital impact on profitability

    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.

  8. PDF The Evolution of Working Capital Management Research

    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.

  9. (PDF) A systematic literature review on working capital management

    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.

  10. Working capital management: a literature review and research agenda

    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.

  11. PDF The Impact of Working Capital Management On

    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.

  12. PDF Working Capital Management and Its

    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

  13. PDF The Relationship Between Working Capital Management and ...

    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:

  14. Working Capital Management: An Overview

    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.

  15. PDF The Effect of Working Capital Management on The Profitability of

    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

  16. (PDF) A Theoretical Review on the Relationship between Working Capital

    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 ...

  17. (PDF) Working Capital Management and Business Performance

    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

  18. PDF University of Groningen Working capital management Tewolde, S

    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 - ...

  19. (PDF) A Project report on A STUDY OF WORKING CAPITAL MANAGEMENT OF

    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 ...