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Working Capital Management And Its Impact On Financial Performance
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Book Synopsis Innovative Management and Firm Performance by : M. Jakšic
Download or read book Innovative Management and Firm Performance written by M. Jakšic and published by Springer. This book was released on 2014-07-29 with total page 454 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book focuses on business firms as catalysts and agents of social and economic change, and explores the argument that sustainable development is the perfect opportunity for businesses to strengthen the evolving notion of corporate social responsibility, while achieving long-term growth through innovation, research and development.
Book Synopsis Working Capital Management and Its Impact on Financial Performance by : Rathiranee Yogendrarajah
Download or read book Working Capital Management and Its Impact on Financial Performance written by Rathiranee Yogendrarajah and published by . This book was released on 2014 with total page 8 pages. Available in PDF, EPUB and Kindle. Book excerpt: A Working capital management ensures a company has sufficient cash flow in order to meet its short-term debt obligations and operating expenses. The needs of efficient working capital management must be considered in relation to other aspects of the firms' financial and non-financial performance. An efficient Working Capital Management is expected to contribute to the high financial performance. The main purpose of this study was to investigate the working capital management and its impact on firms' financial performance. The efficiency of working capital management was investigated through the cash conversion cycle. The research problem focused here -- What extent the working capital management influences on financial performance of the trading firms? -- A strong significant relationship between working capital management and profitability has been identified in previous research. It was assumed that -- The efficient working capital management has strong impact on financial performance. -- The dependent variable Return on Assets is used as a measure of profitability of financial performance and its' relationship with working capital management was investigated to find out the results. Samples of 9 trading firms have been selected from the companies listed by the Colombo stock exchange using Statistical Package for Social Sciences (SPSS) for the period of 2004 to 2009 to find out the results. The regression analysis results show that the high investment in inventories and receivables is associated with lower financial performance (ROA). For this analysis the inventories days, accounts receivable days, accounts payable days and cash operating cycle have been used. The findings also revealed that some firms have efficient working capital management and some have inefficient working capital management in the trends of working capital according to the cash operating cycle.
Author :Dr. Ajay Tyagi Publisher :Horizon Books ( A Division of Ignited Minds Edutech P Ltd) ISBN 13 :9386369338 Total Pages :191 pages Book Rating :4.3/5 (863 download)
Book Synopsis CAPITAL INVESTMENT AND FINANCING FOR BEGINNERS by : Dr. Ajay Tyagi
Download or read book CAPITAL INVESTMENT AND FINANCING FOR BEGINNERS written by Dr. Ajay Tyagi and published by Horizon Books ( A Division of Ignited Minds Edutech P Ltd). This book was released on 2017-01-01 with total page 191 pages. Available in PDF, EPUB and Kindle. Book excerpt: A corporate speculator embraces a monetary assessment while choosing whether to put resources into substantial resources or different business. The speculator needs to guarantee that it pays close to a reasonable incentive to buy the venture and that the monetary benefit for its proprietors is augmented. The part talks about monetary assessment with regards to venture choices with an emphasis on speculation valuation and organizing and assessment procedures. Capital gave to an organization, and any value produced inside, should just be put resources into resources if esteem is made for investors—that is, the point at which the estimation of financial advantages emerging from the advantages surpasses the cost of procuring those advantages.
Book Synopsis Working Capital Management by : Lorenzo Preve
Download or read book Working Capital Management written by Lorenzo Preve and published by Oxford University Press. This book was released on 2010-04-28 with total page 173 pages. Available in PDF, EPUB and Kindle. Book excerpt: Working Capital Management provides a general framework that will help managers understand working capital using a comprehensive approach that links operating decisions to their financial implications and to the overall business strategy. It will also help managers to gain a better understanding of the key drivers to profitability and value creation.
Book Synopsis Working Capital Management by : Lorenzo Preve
Download or read book Working Capital Management written by Lorenzo Preve and published by Oxford University Press. This book was released on 2010-04-28 with total page 242 pages. Available in PDF, EPUB and Kindle. Book excerpt: Working Capital Management provides a general framework that will help managers understand working capital using a comprehensive approach that links operating decisions to their financial implications and to the overall business strategy. It will also help managers to gain a better understanding of the key drivers to profitability and value creation.
Book Synopsis Working Capital Management: Concepts And Strategies by : H Kent Baker
Download or read book Working Capital Management: Concepts And Strategies written by H Kent Baker and published by World Scientific. This book was released on 2023-03-21 with total page 543 pages. Available in PDF, EPUB and Kindle. Book excerpt: Working capital refers to the money that a company uses to finance its daily operations. Proper management of working capital is critical to financial health and operational success. Working capital management (WCM) aims to maximize operational efficiency by maintaining a delicate balance among growth, profitability, and liquidity. WCM is a continuous responsibility focusing on a firm's day-to-day operations involving short-term assets and liabilities. By efficiently managing a firm's cash, accounts receivable, inventories, and accounts payable, managers can help maintain smooth operations and improve a company's earnings and profitability. By contrast, poor WCM could lead to a lower credit score, financial insolvency, legal troubles, liquidation of assets, and potential bankruptcy.This book provides an objective look into the dynamic world of WCM. Its coverage extends from discussing basic concepts and their applications to increasingly complex and real-world situations. The book stresses that WCM is a combination of both art and science. This volume spans the gamut from theoretical to practical while offering the right balance of detailed and user-friendly coverage. Readers can gain an in-depth understanding of this subject from experts in this field. Those who want a broad survey will benefit, as will readers looking for more in-depth presentations of specific areas within this field of study. In summary, Working Capital Management: Concepts and Strategies provides a fresh look at this intriguing but often complex subject of WCM.
Book Synopsis Impact of Working Capital Management on Profitability by : rafathunnisa Syeda
Download or read book Impact of Working Capital Management on Profitability written by rafathunnisa Syeda and published by . This book was released on 2018 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The success of any business depends on its profitability, liquidity, and solvency. Liquidity plays an important role in the successful running of a business. Many prior studies have been conducted to measure the relationship between working capital and profitability. The results showed that the high investment in inventories and receivables is associated with lower financial performance. They found a negative relationship between Return on Assets and Inventory turnover and Cash conversion cycle the present study is designed to know the direct impact of working capital on profitability by choosing the days of collection, days of payment, days inventory converts to sales and finally the cash conversion cycle. This study examines the association between the profitability and working capital using the data of 15 US trading companies for the period of 2015 to 2019. The key points in this study are firstly there exists a negative relationship between the profitability and the average collection period, the lower the average collection period higher will be the profitability, indicating that a decrease in the number of days a firm receives payment from sales affects the profitability of the firm positively. Secondly there is a highly significant positive relationship between average payment period and profitability. This implies that the longer a firm makes the payment to its creditors, the more profitable it is. Thirdly the cash conversion cycle decreases it will lead to an increase in profitability of the firm, and managers can create a positive value for the shareholders which indicates that it has been maintained. The regression analysis showed the value for the R-squared in the model is 0.584, i.e., 58.4% of the variation in the dependent variable Net Profitability is explained by the independent variables.
Book Synopsis Working Capital Management by : A. Vijay Kumar
Download or read book Working Capital Management written by A. Vijay Kumar and published by Northern Book Centre. This book was released on 2001 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt: The study of working capital is of major importance to internal and external analysis because of its close relationship to current day-to-day business. In fact, the study of working capital management needs special attention for the efficient working and survival of a business. It has been often observed that the shortage of working capital leads to the failure of a business. The proper management of working capital may bring about the success of a business firm. To run the business smoothly and to meet the day-to-day operational requirements, working capital funds are very essential. With this background in view, the present study was undertaken for a proper insight into the Management of working capital in the sugar industry. The book provides multidirectional and multidimensional investigation of various aspects of working capital management. The book discusses all the important aspects in a systematic manner. Apart from its extensive coverage and lucid presentation, the strength of the book lies in its Indian background. This book will be of immense use particularly to University and College teachers, Chartered Accountants, Company Secretaries, M.Com. B.Com., and MBA students and other professional courses. In addition, it would be a useful reference book for researchers and Financial Managers.
Book Synopsis Working Capital Management by : James S. Sagner
Download or read book Working Capital Management written by James S. Sagner and published by John Wiley & Sons. This book was released on 2014-08-25 with total page 310 pages. Available in PDF, EPUB and Kindle. Book excerpt: Stay liquid, think global, and better manage resources with this authoritative guide Working Capital Management is a comprehensive primer on keeping your business financially competitive in the face of limited access to short-term funds. With detailed insight applicable to each phase in the business cycle, this authoritative guide helps managers revamp current practices for more efficient use of assets and liabilities, including more stringent monitoring and planning of collections, disbursements, and balances. Readers will learn how to minimize investments in idle resources, and how to maximize the use of forecast data to better identify risk and the optimal use of available funds. Case studies illustrate the practical applications of the ideas presented, with particular attention given to cash budgeting, forecasting, banking relationships and other common scenarios with specific requirements. Managing a company’s short-term resources is both an art and a science. Effectively maintaining funds for ongoing activities – and keeping those funds liquid, mobile, and available – is a masterful skillset lacking in business. Working Capital Management offers practical advice for managers in this challenging position, providing guidance that helps them: Learn the specific metrics at work in capital management, and the problems that they can cause Improve cash management with robust fraud protection and better use of short-term instruments Manage the issues that arise from accounts receivable, inventory, payables, information management, and international sources Develop an effective management system for key points in the working capital cycle The recent liquidity crisis in the U.S. has thrown the spotlight onto those companies that have adjusted well to credit contraction and the weakened economy, and these success stories – some of which are noted in the book – demonstrate that a positive business outcome can be accomplished. Working Capital Management provides a clear look at a complex issue, with practical, actionable, sustainable advice.
Book Synopsis Working Capital Management And Control: Principles And Practice by : Satish B. Mathur
Download or read book Working Capital Management And Control: Principles And Practice written by Satish B. Mathur and published by New Age International. This book was released on 2007 with total page 548 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Comprehensive Text Systematically Explains The Various Principles, Policies And Methods Involved In Efficient Management Of Working Capital. The Indian Context Is Emphasised Throughout.The Book Provides An Indepth Analysis Of Such Critical Issues As * Assessment Of The Level Of Working Capital * Methods Of Financing * Control Over The Use Of FundsThe Book Discusses Both Fund Based And Non-Fund Based Working Capital Finance. It Also Explains Export, Information Technology And Software Industry Financing.The Book Presents Several Real Life Cases To Illustrate The Various Principles And Techniques.Each Chapter Ends With A Summery Providing A Quick And Useful Review Of The Chapter. Several Questions And Problems Are Also Included Throughout The Book For Self-Test.The Book Is An Ideal Text For Management And Commerce Students. It Would Also Serve As An Extremely Useful Reference Source For Practising Professionals And Consultants In The Finance And Banking Sectors.
Book Synopsis Impact of Working Capital Management Policy and Financial Leverage on Financial Performance by : Khalaf Taani
Download or read book Impact of Working Capital Management Policy and Financial Leverage on Financial Performance written by Khalaf Taani and published by . This book was released on 2015 with total page 8 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper aims to determine the impact of working capital management policy and financial leverage on financial performance of Jordanian companies measured in terms of net income, return on equity (ROE) and return on asset (ROA). Pearson's rank correlation test, ANOVA F- test, and multiple regression analysis were used on 45 companies included in the industrial sector in Jordan ranked in terms of gross revenues. Results of the study indicated that firm's working capital management policy, financial leverage, and firm size have significant relation to net income. However working capital management policy has no significant impact on return on equity (ROE) and return on assets (ROA).
Book Synopsis The Effect of Working Capital Development on Financial Performance of Organization by : Nahid Maleki Nia
Download or read book The Effect of Working Capital Development on Financial Performance of Organization written by Nahid Maleki Nia and published by . This book was released on 2019 with total page 6 pages. Available in PDF, EPUB and Kindle. Book excerpt: In today's challenging economy, with increasing environmental pressures and limited external resources, the current assets and liabilities as working capital have great importance and Optimal management of working capital of firms can be considered as a Competitive advantage for them. The main axis of this research is how development of working capital management influences on profitability and liquidity as two important factors of financial performance. This paper is an analytical - descriptive research that reviews the existing literature in this field and classifies them into two groups including the impact of working capital strategies on the performance and the other one is the impact of working capital indicators on the performance. This survey investigates the relationship between working capital strategies and working capital indicators with the performance of organization. The survey result shows that the impact of working capital strategies and indicators on profitability and liquidity should be considered simultaneously in development of working capital management.
Book Synopsis Working Capital Management Practices and Financial Performance by : Nyamao Nyabwanga Robert
Download or read book Working Capital Management Practices and Financial Performance written by Nyamao Nyabwanga Robert and published by LAP Lambert Academic Publishing. This book was released on 2014-01 with total page 96 pages. Available in PDF, EPUB and Kindle. Book excerpt: Small Scale Enterprises (SSEs) play a critical role in the creation of jobs and the promotion of an enterprise culture and are thus acknowledged as significant contributors to economic growth in a majority of developing economies. Despite their significance, past statistics indicate that 40% of the start-ups fail by year 2 and at least 60% close their doors by year 4. Also, recent studies have shown that up to 50% of those that continue to operate have a deteriorating performance and hardly evolve further than the 'small' level. Poor working capital management practices have been credited as one of the major cause of these failures. This book provides an empirical analysis of the working capital management practices of SSEs and demonstrates that increased efficiency in working capital management leads to higher financial performance hence emphasizes the need for SSEs to adopt efficient working capital management practices as a strategy to improve financial performance and survive in the uncertain business environment
Book Synopsis An Assessment of the Effect of Working Capital Management Practices on Financial Performance by : Robert Nyamao Nyabwanga
Download or read book An Assessment of the Effect of Working Capital Management Practices on Financial Performance written by Robert Nyamao Nyabwanga and published by . This book was released on 2014 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The purpose of this study was to assess the effect of working capital management practices on the financial performance of SSEs in Kisii South District. The study adopted Across-sectional survey research design which allowed the collection of primary quantitative data through structured questionnaires. The target population was 159 managers of 101 trading and 58 manufacturing SSEs. Stratified random sampling technique was used to obtain a sample of 113 SSEs comprising 72 trading and 41 manufacturing enterprises. The data was analyzed using both descriptive and inferential statistics. Consequently, the findings of the study were that Working capital management practices are low amongst SSEs as a majority has not adopted formal working capital management routines and their financial performance is on average low. The study also revealed that SSE financial performance is positively related to efficiency of cash management (ECM), efficiency of receivables management (ERM) and efficiency of inventory management (EIM) at 0.01 significance level. The coefficient of determination (R2) indicates that 63.4% of the variations in financial performance could be explained by changes in ECM, ERM and EIM with the F statistic (61.189) significant at 95% confidence level indicating that SSE financial performance is simultaneously influenced by the working capital management practices. The study concluded that working capital management practices have an influence on the financial performance of SSEs hence the need for SSE managers to embrace efficiency in working capital management as a strategy to improve their financial performance and survive in the uncertain business environment. The study corroborates other research findings that established a positive relationship between working capital management and financial performance.
Book Synopsis Financial Management from an Emerging Market Perspective by : Soner Gokten
Download or read book Financial Management from an Emerging Market Perspective written by Soner Gokten and published by BoD – Books on Demand. This book was released on 2018-01-17 with total page 334 pages. Available in PDF, EPUB and Kindle. Book excerpt: One of the main reasons to name this book as Financial Management from an Emerging Market Perspective is to show the main differences of financial theory and practice in emerging markets other than the developed ones. Our many years of learning, teaching, and consulting experience have taught us that the theory of finance differs in developed and emerging markets. It is a well-known fact that emerging markets do not always share the same financial management problems with the developed ones. This book intends to show these differences, which could be traced to several characteristics unique to emerging markets, and these unique characteristics could generate a different view of finance theory in a different manner. As a consequence, different financial decisions, arrangements, institutions, and practices may evolve in emerging markets over time. The purpose of this book is to provide practitioners and academicians with a working knowledge of the different financial management applications and their use in an emerging market setting. Six main topics regarding the financial management applications in emerging markets are covered, and the context of these topics are "Capital Structure," "Market Efficiency and Market Models," "Merger and Acquisitions and Corporate Governance," "Working Capital Management," "Financial Economics and Digital Currency," and "Real Estate and Health Finance."
Book Synopsis Working Capital Management by : Krish Rangarajan
Download or read book Working Capital Management written by Krish Rangarajan and published by Excel Books India. This book was released on 2006-08 with total page 276 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Working Capital Management during and after the Global Financial Crisis. Evidence from Germany by : Christopher Thees
Download or read book Working Capital Management during and after the Global Financial Crisis. Evidence from Germany written by Christopher Thees and published by GRIN Verlag. This book was released on 2015-11-11 with total page 128 pages. Available in PDF, EPUB and Kindle. Book excerpt: Bachelor Thesis from the year 2015 in the subject Business economics - Investment and Finance, grade: 1,3, Leuphana Universität Lüneburg (Institut für Bank-, Finanz- und Rechnungswesen (IBFR)), course: Bachelorkolloquium, language: English, abstract: The present thesis tries to figure out, if the Working Capital Management of German companies is reactive to changing interest rates for their refunding or if it is really a pro-active improvement since the beginning of the 2000s as claimed by the literature. After a theoretical definition of Working Capital, its functions, goals and its relationship to the management process, Working Capital will be set into a context of company crises to lead to the central object of investigation, the Global Financial Crisis. With a quantitative analysis via DataStream of the companies currently listed in the DAX, MDAX and SDAX (N=130) it will be examined, if the credit crunch for companies in the Global Financial Crisis and the easy refunding possibilities afterwards due to the easy money policy of the European Central Bank had effects on the quality of the Working Capital Management. The analysis of the data via SPSS will show, that the possibilities of refunding indeed influence this quality, whereby the intensity of the reactionary behaviour of the companies depends mainly on the object of cognition, which is in this thesis examined by the parameters size, age and industry sectors, so that the results could serve as a basis for further management research.
