scholarly journals The Impact of Cash Flow Management Practices on Financial Performance of Cement Manufacturing Firms: A Comparative Study of Pakistan and India

2021 ◽  
Vol 7 (3) ◽  
Author(s):  
Muhammad Adil Keerio ◽  
Arifa Bano Talpur ◽  
Tooba Ameen ◽  
Meer Hassan Mari
Keyword(s):  
Financial Performance ◽  
Cash Flow ◽  
Management Practices ◽  
Random Effect Model ◽  
Secondary Source ◽  
Manufacturing Companies ◽  
Flow Management ◽  
Cash Flow Management ◽  
Cement Manufacturing ◽  
The Impact

Purpose: The study examined the impact of cash flow management practices on Pakistani cement firm’s financial performance with comparison of Indian cement sector’s selected firms. Methodology: The Pooled OLS Regression is applied with the Help of EViews software. The data collection is from official websites of the concerned companies from 2009 to 2018 with help of secondary source. The multiple regressions, Random Effect Model and Fixed effect models are used for the analysis of data and confirmed with Husman test. Findings: The finding of this study for both selected countries indicated the influence of cash flow management practices wherein both countries cement producing companies shows significant impact on firm’s performance but in terms of Pakistan Return on Assets have no impact on firm’s Profitability. Implications: Therefore, after a careful analysis study recommended that cement manufacturing companies must reevaluate their practices of managing cash flows in order to generate more profitability and generate enough cash to meet their obligations.

scholarly journals RELATIONSHIP BETWEEN CASH FLOW MANAGEMENT AND FINANCIAL PERFORMANCE OF COMPANIES LISTED ON THE TEHRAN STOCK EXCHANGE

2019 ◽  
Vol 1 (17) ◽  
pp. 27
Author(s):  
Majid Ramazani ◽  
Mahdi Salehi ◽  
Mahmoud Laridashtbayaz
Keyword(s):  
Financial Performance ◽  
Cash Flow ◽  
Stock Exchange ◽  
Return On Assets ◽  
Flow Management ◽  
Cash Flow Management ◽  
Firm Financial Performance ◽  
Cash Conversion Cycle ◽  
Multivariable Regression ◽  
The Relationship

Purpose–Cash is one of the most important assets to business firms. To evaluate a business firm, the competencies of a firm in creating and increasing the cash are of great importance for investors, creditors, and other beneficiaries. So, the main objective of the current study is to evaluate the relationship between cash flow management and firm financial performance in Iran. Design/methodology/approach – In the present study, using the data of 155 companies listed on the Tehran Stock Exchange during 2009-2016, panel data, and multivariable regression, we tried to analyze the relationship cash flow management and financial performance.  Findings –The results obtained indicated that there is a relationship between the decrease (increase) of cash conversion cycle and operational cash conversion cycle and the improvement (debilitation) of financial performance. Moreover, the pending period for collection of sales revenue, cash conversion cycle, and operational cash conversion cycle is the Granger Cause of return on assets. Originality/value – Since a few studies have been conducted on cash flow management in Iran, the current study has covered the topic in Iran..

scholarly journals Cash flow management practices: An empirical study of small businesses operating in the South African retail sector

2014 ◽  
Vol 4 (2) ◽  
pp. 87-100
Author(s):  
Augustine Oghenetejiri Aren ◽  
Athenia Bongani Sibindi
Keyword(s):  
Cash Flow ◽  
Financial Management ◽  
Small Businesses ◽  
Management Practices ◽  
Business Failure ◽  
Retail Sector ◽  
Flow Management ◽  
Cash Flow Management ◽  
Remedial Actions ◽  
Small Business Failure

The small, micro and medium business enterprises (SMMEs) sector is universally acclaimed for fostering economic growth in many economies. The health of this sector is largely premised on the observance of prudent financial management tenets, mainly cash flow management. In this study we interrogate the influence of cash flow management practices on the survival or growth of the SMMEs by conducting a survey amongst the SMMES operating in the retail sector of Pretoria in South Africa. We find evidence that cash flow management is extremely important to the survival of a business, particularly small businesses, and poor cash flow management can also lead to small business failure. We also proffer policy advice as to the remedial actions needed to safeguard this sector.

Cash flow modeling for construction projects

2014 ◽  
Vol 21 (2) ◽  
pp. 170-189 ◽  
Author(s):  
Tarek Zayed ◽  
Yaqiong Liu
Keyword(s):  
Cash Flow ◽  
Financial Management ◽  
Construction Projects ◽  
Mean Value ◽  
Major Step ◽  
Flow Management ◽  
Content Type ◽  
Cash Flow Management ◽  
Cash Flow Forecasting ◽  
The Impact

Purpose – Construction projects are well known for their complexity and ambiguity. These projects carry out higher risk than traditional ones because they entail high capital outlays and intricate site conditions. Poor financial management of these projects may lead to bankruptcy; therefore, effective cash flow management is essential. Although the peculiar characteristics of construction projects, the accuracy of cash flow forecasting has been a long lasting problem. The paper aims to discuss these issues. Design/methodology/approach – Many unforeseen factors affect the cash flow forecasting of construction projects. Therefore, the objective of the presented research in this paper is to examine the impact of these factors on contractor's cash flow. A model has been established by integrating analytic hierarchy process and simulation to examine the impact of various factors on cash flow. Data on the selected factors have been collected through questionnaires from various agencies in North America and China. Findings – Results show that the most significant factors are: change of progress payment, payment duration, financial position of the contractor, project delays, and poor planning. It also shows that the effect of cash inflow factors varied approximately from 9.7 to 16.3 percent with a mean value of 12.4 percent. Research limitations/implications – The implementation of the developed models are limited to few case study projects in testing the models. However, the developed models and framework are sound for future improvement. They are considered as a major step toward a broader cash flow planning. Practical implications – The developed methodology and models play essential roles in decision-making process. Originality/value – The developed model is expected to help contractors realistically forecast project cash flow under uncertainty. This may lead to more dependable and professional cash flow management, which might substantially reduce failures in construction business.

scholarly journals A Relationship between Supply Chain Practices, Environmental Sustainability and Financial Performance: Evidence from Manufacturing Companies in Jordan

2021 ◽  
Vol 13 (4) ◽  
pp. 2152
Author(s):  
Luay Jum’a ◽  
Dominik Zimon ◽  
Muhammad Ikram
Keyword(s):  
Sustainable Development ◽  
Supply Chain ◽  
Supply Chain Management ◽  
Financial Performance ◽  
Environmental Sustainability ◽  
Management Practices ◽  
Manufacturing Companies ◽  
Chain Management ◽  
Firm Financial Performance ◽  
The Impact

Pursuing sustainable development creates competitiveness for manufacturing firms in the market, however the financial pressure of adopting sustainable environmental practices is still a major concern. Few studies were found on the inter-relationships between supply chain management practices, environmental sustainability, and firm financial performance. Moreover, manufacturing companies are compelled by different pressure groups across the globe to maintain environmental standards while conducting their business and supply chain activities. Therefore, the current study aims to investigate the impact of supply chain practices on environmental sustainability and financial performance. In addition, the role of environmental sustainability as a mediator between supply chain management and financial performance was analyzed to improve sustainable development. A well-designed questionnaire was administered to manufacturing companies in Jordan for data collection. A total of 376 responses were analyzed and the proposed hypotheses were tested by using Structural Equation Modelling (SEM) approach. The results reveal that environmental sustainability was tested significantly and influenced by supply chain practices such as relationship with customers, postponement, level of information sharing, and information quality. Whereas environmental sustainability had a significant direct effect on financial performance. Finally, environmental sustainability mediated the relationship of all supply chain management practices with financial performance except strategic supplier partnership dimension. The study provides policy guidelines to decision makers while simultaneously assists the managers to improve sustainability practices in manufacturing companies.

scholarly journals Analysis of Construction Implementation Time and Cost Scheduling by Adjusting Budget Changes Due to the Covid-19 Pandemic (Case Study on the Randugunting Dam Construction Project)

2022 ◽  
Vol 955 (1) ◽  
pp. 012007
Author(s):  
B Setiyono ◽  
S I Wahyudi ◽  
H P Adi
Keyword(s):  
Cash Flow ◽  
Swot Analysis ◽  
Fixed Time ◽  
Dam Construction ◽  
Management Scenarios ◽  
Flow Management ◽  
Cash Flow Management ◽  
Implementation Team ◽  
Diversity Strategy ◽  
The Impact

Abstract The Randugunting Dam, located in Blora Regency, is planned to have a capacity of 10.40 million m and is expected to irrigate an area of 630 Ha, providing a raw water supply of 0.15 m/second. The construction activity of the Randugunting Dam is one of the construction works that has been affected by the Covid-19 pandemic, namely cash flow is hampered. Therefore we need an analysis of cash flow management scenarios and determining strategies for handling the impact of the pandemic on implementation. The data used in this study is the result of interviews with the project implementation team for the Randugunting Dam construction, and data on the project cost budget. Cash flow management analysis is carried out by applying 3 scenarios, namely: scenario 1 (fixed time), scenario 2 (slowed down time), and scenario 3 (accelerated time). The analysis was carried out with the help of the Microsoft Project 2010. The determination of the handling strategy in this study used the DSS (Decision Support System) method, and the SWOT (Strength, Weakness, Opportunity, and Threat). The results of the study chose scenario 3, which is to speed up the time of 6 months. Acceleration is done by increasing the working time. The annual cost required is higher than scenario 1 (fixed time) and 2 (delayed time by 7 months), but the building is completed faster and can be used immediately. The strategy generated by SWOT analysis is Diversity Strategy and produces 8 (eight) strategies. Diversity Strategy is a strategy by maximizing internal strength factors (S), namely increasing the internal capabilities of project implementers and avoiding external threat factors (T), especially related to the Covid-19 pandemic.

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