scholarly journals DETERMINANTS OF WORKING CAPITAL IN INDIAN REALTY SECTOR

2021 ◽  
Vol 9 (9) ◽  
pp. 203-218
Author(s):  
Shivakumar ◽  
Babitha Thimmaiah
Keyword(s):  
Fixed Effects ◽  
Sales Growth ◽  
Working Capital ◽  
Short Term ◽  
Independent Variables ◽  
Maximum Value ◽  
Fixed Effects Panel Regression ◽  
Fixed Assets ◽  
Dependent Variables ◽  
Day To Day Operations

Working capital is important aspect which ensures sufficient short-term capital to maintain the firm’s day-to-day operations and creating maximum value to the firm. As working capital may have a major impact on profitability, understanding the firm-specific determinants of working capital is important. This study was conducted on the firm-specific determinants of working capital in the Indian Realty Sector.  The independent variables employed in the study includes firm size, asset tangibility, leverage, profitability, sales growth, and fixed assets growth, while the dependent variables employed in the study are inventory, receivables, payables, and cash conversation days. The study based on the sample of thirteen companies of Indian Realty Sector, of which five were large-cap, five were mid-cap, and three are small-cap companies. The study was conducted for the period of 2011-20. The study employed fixed-effects panel regression to analyse the significance of the firm-specific determinants of working capital in the Indian Realty Sector.

scholarly journals KETERKAITAN PERTUMBUHAN PENJUALAN PERPUTARAN PERSEDIAAN, PERPUTARAN PIUTANG, DAN PERPUTARAN KAS TERHADAP PROFITABILITAS PERUSAHAAN LQ 45 DI BURSA EFEK INDONESIA

2021 ◽  
Vol 5 (2) ◽  
pp. 781
Author(s):  
Sugiyarmasto Sugiyarmasto ◽  
Erlina Setyaningrum
Keyword(s):  
Stock Exchange ◽  
Financial Statements ◽  
Sales Growth ◽  
Analysis Method ◽  
Independent Variables ◽  
Dependent Variables ◽  
Regression Test ◽  
Inventory Turnover ◽  
Relationship Of ◽  
The Relationship

The research aims to determine and provide empirical evidence of , sales growth inventory turnover, receivables Turnover, and significant cash turnover on profitability in LQ 45 Company on Indonesia Stock Exchange year 2016-2018. The samples in this study used purposive sampling so obtained 21 company samples from 45 LQ 45 company population listed on the Indonesia Stock Exchange, with 63 observations of financial statements (21 companies x 3 years of financial statements warning). Dependent variables in this study, namely profitability. While independent variables in this study, sales growth namely inventory turnover, turnover receivables, , cash turnover. The data analysis method used is a type of multiple regression test to test the relationship of independent variables with the dependents The results of the research hypothesis testing proved that the turnover of receivables, and cash turnover significantly positively affect profitability. And sales growth has a negative and significant effect on profitability. While inventory turnover has a negative and insignificant effect on profitability in LQ 45 company in the Indonesia Keywords: sales growth,inventory turnover, turnover receivable, cash turnover,profitability

scholarly journals The Relation of Working Capital and Fixed Assets: a Study

2012 ◽  
Vol 11 (1) ◽  
pp. 47-60
Author(s):  
Mahdi Salehi
Keyword(s):  
Significant Relationship ◽  
Stock Exchange ◽  
Pearson Correlation ◽  
Research Community ◽  
Working Capital ◽  
Asset Return ◽  
Independent Variables ◽  
Fixed Assets ◽  
Regression Test ◽  
The Relationship

Abstract The present study aims to investigate the relationship between working capital changes and fixed assets with asset return of 120 manufacturing listed companies in Tehran Stock Exchange during 2006-2010. Pearson correlation and Regression test are employed to determine the kind of relationship between dependent and independent variables, hypotheses test and evaluating normality of data respectively. The outcomes of the study suggest that there is a significant relationship between working capital changes and fixed assets with assets return in the research community.

Hierarchical Menu Design: Breadth, Depth, and Task Complexity

1996 ◽  
Vol 82 (3_suppl) ◽  
pp. 1187-1201 ◽  
Author(s):  
Julie A. Jacko ◽  
Gavriel Salvendy
Keyword(s):  
Short Term Memory ◽  
Memory Load ◽  
Task Complexity ◽  
Short Term ◽  
Term Memory ◽  
Independent Variables ◽  
Cognitive Component ◽  
Dependent Variables ◽  
Perceived Complexity ◽  
And Task

In this research a relationship between an hierarchical menu's depth and the perceived complexity of a task involving menu retrieval was proposed and validated. 12 subjects were asked to use six different hierarchical menus of varying breadth and depth. The dependent variables were response time and accuracy. The independent variables were depth and breadth of the hierarchy. Subsequent to experimentation, the subjects were asked to complete a questionnaire on users' perceptions of the complexity of the different menu structures. As depth increased, perceived complexity of the menus increased significantly. These phenomena are linked to an existing theory of task complexity. We suggest that the cognitive component influencing users' perceptions of task complexity was short-term memory load.

scholarly journals Investment Policy and Net Book Value of Quoted Manufacturing Firms: Dynamic Panel Data Evidence From Nigeria

2021 ◽  
Vol 04 (08) ◽  
Author(s):  
Adibe Francis Chikwendu ◽  
Keyword(s):  
Panel Data ◽  
Fixed Effects ◽  
Dynamic Panel Data ◽  
Manufacturing Firms ◽  
Investment Policy ◽  
Portfolio Investment ◽  
Short Term ◽  
Book Value ◽  
Independent Variables

This study examined the relationship between investment policy and dynamic of net book value of quoted manufacturing firms in Nigeria. Panel data of 15 quoted manufacturing firms was collected from the annual reports of the manufacturing firms from 2010-2019. Stock prices of the quoted firms was modeled as the function of short term portfolio investment, subsidiary investment, long term portfolio investment and long term investment. Multiple regressions were formulated. Panel data methodology was employed while the fixed effects model was used as estimation technique at 5% level of significance. Fixed effects, random effects and pooled estimates were tested while the Hausman test was used to determine the best fit. Panel unit roots and panel cointegration analysis were conducted on the study. The study found that the independent variables explained 69.1 percent of the systematic variation in net book value of the quoted manufacturing firms. Long term investment and subsidiary investment have positive relationship with net book value of the quoted manufacturing firms while short term and long-term portfolio investment have negative relationship with net book value of the quoted manufacturing firms while the probability coefficient of the variables informed us that the independent variables are statistically not significant. From the findings, the study conclude that investment policy affect significantly the net book value of the quoted manufacturing firms. It recommends that proper investment analysis should be carried out in appraising short term investment to enhance value of manufacturing firms. There is need for management to integrate the objectives of long term investment with the value objective of Nigeria manufacturing firms.

scholarly journals PENGARUH RISIKO BISNIS, LIKUIDITAS, PERTUMBUHAN PENJUALAN DAN PERISAI PAJAK NON-UTANG TERHADAP STRUKTUR MODAL

2021 ◽  
Vol 2 (1) ◽  
pp. 59-77
Author(s):  
Syafri Nosit ◽  
Yulia Efni ◽  
Gusnardi Gusnardi
Keyword(s):  
Capital Structure ◽  
Sampling Method ◽  
Stock Exchange ◽  
Linear Regression Analysis ◽  
Multiple Linear Regression Analysis ◽  
Sales Growth ◽  
Independent Variables ◽  
Tax Shield ◽  
Dependent Variables ◽  
Debt Tax Shield

This study is aimed to examine the effect of risk business, liquidity, sales growth, non-debt tax shield on capital structure. The population of this study is metal and allied products companies listed in Indonesia Stock Exchange from 2014 - 2018. The sample of the study is all companies were selected by purposive sampling method. Based on the criteria, 13 companies were chosen as the samples of this study. This study used multiple linear regression analysis was used to test whether the independent variables affect the dependent variables. The results of this study is found that risk business and non-debt tax shield on capital structure have a negative an insignificant effect on capital structure, Liquidity and Sales Growth on capital structure have a negative an significant effect on capital structure. The limitations of this study are driven by the variable, year and sample size. Therefore further reseacrh can use other variables and extension other industries could bring the comprehensive results

scholarly journals Changes in Family Income around the Time of Birth of Children in Germany between 1985 and 2004

2010 ◽  
Vol 35 (1) ◽  
Author(s):  
Alexander Schulze
Keyword(s):  
Family Support ◽  
Household Income ◽  
Fixed Effects ◽  
Regression Models ◽  
Family Income ◽  
Panel Regression ◽  
Short Term ◽  
Fixed Effects Panel Regression ◽  
Socioeconomic Consequences ◽  
Panel Regression Models

While the course and the determinants of fertility behaviour have been investigated intensively, the monetary consequences of birth have hardly been considered empirically to date. Therefore, this paper focuses on the short-term (equivalent) household income changes around the time of births in a longitudinal perspective and examines them for their causes. For the analyses of the longitudinal data (GSOEP-Data 1984-2005), fixed effects panel regression models were computed. The results show that the short-term socioeconomic consequences of birth have clearly increased in the last two decades and first births in particular are associated with disproportionately severe socioeconomic consequences, while further births are rarely accompanied by negative changes in the households’ socioeconomic situations. Furthermore, household income losses attributable to births only arise in double income households and increase gradually in line with a rising level of household income before birth. Hence, the analyses suggest the need for more adequate state assistance with respect to family support. Beside the provision of adequate infrastructural conditions which allow mothers to be employed, also the payments to compensate for child-related costs (“Kindergeld”) should be – in contrast to the present practice in Germany – increased and re-adjusted with respect to the child’s position in the birth sequence.

scholarly journals Working Capital Management on Profitability and Earning Assets of Insurance Industry in Egypt

2021 ◽  
Vol 16 (12) ◽  
pp. 17
Author(s):  
Salah Mohamed Eladly
Keyword(s):  
Probability Level ◽  
Capital Management ◽  
Working Capital ◽  
Current Ratio ◽  
Working Capital Management ◽  
Return On Equity ◽  
Independent Variables ◽  
Dependent Variables ◽  
Insurance Firms ◽  
Asset Quality

This paper is an attempt to investigate the effect of working capital management, measured by (Current Ratio, Quick Ratio and Liquidity)on dependent variables (Return on Assets, Return on Equity and Earning Assets (Asset Quality) of insurance firms in Egypt, the study sample is 49% from total insurance firms working of the insurance market in Egypt in 1999- 2019.A structural equation modelling was selected to construct of the model of this study, The evidences show that There is a positive significant effect on construct of the independent variables, current ratio (x1), quick ratio (x2), and liquidity (x3) on construct of the dependent variables in terms of Return on Equity (Y1), at a probability level less than (0.001). This validates the first hypothesis; the independent variables Current Ratio(x1), Quick Ratio(x2), and Liquidity(x3) have a significant effect on the dependent variables Return on Equity (Y1), There is a positive significant effect on the construct of the independent variables, Current Ratio (x1), Quick Ratio (x2), and Liquidity (x3) on the construct of the dependent variables in terms of Earning Assets (Asset Quality) (Y3), probability level less than (0.001). This validates of the third hypothesis; the independent variables in terms of Current Ratio (x1), Quick Ratio (x2), and Liquidity (x3) have a significant effect on (Earning Assets) Asset Quality (Y3).

scholarly journals Pengaruh Working Capital Turnover, Total Asset Turnover, Asset Growth Dan Sales Growth Terhadap Kinerja Keuangan Perusahaan Consumer Goods Yang Terdaftar Di Bursa Efek Indonesia Selama Tahun 2013-2016

2019 ◽  
Vol 2 (2) ◽  
Author(s):  
Shelly Andelline Dan Indra Widjaja
Keyword(s):  
Financial Performance ◽  
Consumer Goods ◽  
Stock Exchange ◽  
Total Asset ◽  
Sales Growth ◽  
Manufacturing Companies ◽  
Working Capital ◽  
Independent Variables ◽  
Asset Turnover ◽  
Asset Growth

The purpose of this research is to determine the influence of working capital turnover, total asset turnover, asset growth and sales growth partially and simultaneously to the financial performance of consumer goods companies listed on the Indonesia Stock Exchange during the year 2013-2016. The populations in this research are all manufacturing companies of consumer goods industry listed in Indonesia Stock Exchange. Sampling was done by purposive sampling method. Based on the type of data and analysis, this research is quantitative research and the data source used is secondary data. Data collection method used is direct observation method. Based on multiple linear regression test, it can be concluded that working capital turnover, total asset turnover influence to financial performance while asset growth and sales growth have no influence to financial performance. Simultaneously, the four independent variables significantly influence the financial performance. Based on the coefficient of determination can be concluded that the four independent variables affect the financial performance by 92.65%.

scholarly journals The Impact of Going Public Decision on Company Performance: Evidence from Pakistan

2020 ◽  
Vol V (III) ◽  
pp. 156-165
Author(s):  
Ihtesham Khan ◽  
Sikandar Shah ◽  
Wisal Ahmad
Keyword(s):  
Capital Expenditure ◽  
Stock Exchange ◽  
Control Variable ◽  
Two Dimensions ◽  
Company Performance ◽  
Sales Growth ◽  
Independent Variables ◽  
Dependent Variables ◽  
Return On Sales ◽  
The Impact

This study inspected the association of company performance with the choice of IPO of the firm's registered on the Pakistan Stock Exchange. In particular, two dimensions of performance, Return on Sales and Return on Asset as operating and Tobbin Q as Market performance as dependent variables, Bank debts, Capital Expenditure, Ownership Concentration, Sales Growth and Firm Size as independent variables along with the age of the firm as control variable have been used. Sample of 40 Pakistani IPOstaken for the period of 2005-2016. OLS inferences confirmed that the performance of both pre-IPO and Post-IPO show an influential association with the independent variables. This study provided a path to smaller firms that are in the process to go public. Whereas glimpses for the investors also provided who want to add profitable securities to their portfolio bucket.

ANALISIS FAKTOR-FAKTOR YANG MEMPENGARUHI PROFITABILITAS PERUSAHAAN MANUFAKTUR INDEPENDEN DI KAWASAN ASIA DAN APLIKASINYA DALAM MENENTUKAN PEMBANDING KEWAJARAN DAN KEWAJARAN USAHA

INFO ARTHA ◽  
2017 ◽  
Vol 3 ◽  
pp. 154-169
Author(s):  
Ni Luh Rian Dewi ◽  
Nur Aisyah Kustiani
Keyword(s):  
Transfer Pricing ◽  
Manufacturing Companies ◽  
Working Capital ◽  
Return On Assets ◽  
Determinant Factors ◽  
Operating Profit ◽  
Fixed Assets ◽  
Dependent Variables ◽  
Tax Audit ◽  
Transaction Tax

In the tax audit on companies which involves transfer pricing in their transaction, tax auditor must determine benchmark companies to determine the arms length principle to be met by the companies. This study aims to analyze determinant factors of the profitability of independent manufacturing companies in Asia. Determinant factors of profitability can be used to determine the appropriate comparison companies. The study used two models with Plust net cost margin and return on assets as dependent variables of each model. Whereas, the independent variables used in this study are the ratio of operating revenue / net sales; operating profit; number of employees; payroll; total assets; tangible fixed assets; net working capital, cash and cash equivalent; other assets; geography; and industry. The results show that operating profit; net working capital; cash and cash equivalent and geography influence significantly and have been tested to determine comparator companies in determining the arms length principle. 

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