Financial Impact of Covid -19 at the International Level

The research is based on the financial impact at the international level of the measures that were taken to prevent the virus from spreading further, without thinking about the impact that this could generate a drop in consumerism for the commercial sectors. Faced with the impact caused in the first months of this year by the pandemic, markets and businesses presented important challenges that they faced by working as a team to be able to cope with the losses, I know they began to present as the fall in demand for their products and services. The situation that is being experienced so far is generating unexpected pressure on working capital and its liquidity.

Impact of Working Capital Management on Firm’s Profitability & Liquidity: An Empirical Study of TATA Motors Pvt. Ltd.

Adhyayan A Journal of Management Sciences ◽

10.21567/adhyayan.v6i1.10831 ◽

2016 ◽

Vol 6 (1) ◽

Author(s):

Priyank Sharma

Keyword(s):

Empirical Study ◽

Capital Management ◽

Working Capital ◽

Working capital is the funds required for the day to day working of any organization. So it should be managed in effective way to ensure profitability, solvency and survival of the company. Every organization has to manage its working capital in such a way that it does not result in blockage of funds and is able to cater the needs of the organization. In this paper I have tried to show the impact of the mismanagement of working capital on profitability and liquidity of the firm. For this purpose I have taken Tata Motors Pvt. Ltd for the s

The Impact of Working Capital Management on Financial Performance of Cost Leadership and Differentiation Strategy Firms in Different Business Cycles: Evidence from New Zealand

Journal of Asia-Pacific Business ◽

10.1080/10599231.2021.1866398 ◽

2021 ◽

pp. 1-19

Author(s):

Rashid Ameer ◽

Radiah Othman

Keyword(s):

New Zealand ◽

Business Cycles ◽

Financial Performance ◽

Capital Management ◽

Working Capital ◽

Cost Leadership ◽

Differentiation Strategy ◽

The Impact of Working Capital Management on Firm Profitability: Empirical Evidence from the Polish Listed Firms

Journal of Risk and Financial Management ◽

10.3390/jrfm14010009 ◽

2020 ◽

Vol 14 (1) ◽

pp. 9

Author(s):

Sorin Anton ◽

Anca Afloarei Nucu

Keyword(s):

Empirical Evidence ◽

Ordinary Least Squares ◽

Optimum Level ◽

Capital Management ◽

Working Capital ◽

Listed Firms ◽

Firm Profitability ◽

Break Even Point ◽

The purpose of this study is to investigate the relationship between working capital and firm profitability for a sample of 719 Polish listed firms over the period of 2007–2016. The scarcity of empirical evidence for emerging economies and the importance of working capital efficiency motivate the research on the working capital–financial performance relationship. The paper adopts a quantitative approach using different panel data techniques (ordinary least squares, fixed effects, and panel-corrected standard errors models). The empirical results report an inverted U-shape relationship between working capital level and firm profitability, meaning that working capital has a positive effect on the profitability of Polish firms to a break-even point (optimum level). After the break-even point, working capital starts to negatively affect firm profitability. The study brings theoretical and practical contributions. It extends and complements the literature on the field by highlighting new evidence on the non-linear interrelation between working capital management (WCM) and corporate performance in Poland. From the practitioners’ perspective, the results highlight the importance of WCM for firm profitability.

The Psychological and Financial Impact of Cybercrime Victimization: A Novel Application of the Shattered Assumptions Theory

Social Science Computer Review ◽

10.1177/0894439320983828 ◽

2021 ◽

pp. 089443932098382

Author(s):

Jildau Borwell ◽

Jurjen Jansen ◽

Wouter Stol

Keyword(s):

Negative Impact ◽

Secondary Analysis ◽

Well Being ◽

Policy Implications ◽

Financial Impact ◽

Financial Loss ◽

Data Set ◽

Loss Compensation ◽

Shattered Assumptions ◽

While criminality is digitizing, a theory-based understanding of the impact of cybercrime on victims is lacking. Therefore, this study addresses the psychological and financial impact of cybercrime on victims, applying the shattered assumptions theory (SAT) to predict that impact. A secondary analysis was performed on a representative data set of Dutch citizens ( N = 33,702), exploring the psychological and financial impact for different groups of cybercrime victims. The results showed a higher negative impact on emotional well-being for victims of person-centered cybercrime, victims for whom the offender was an acquaintance, and victims whose financial loss was not compensated and a lower negative impact on emotional well-being for victims with a higher income. The study led to novel scientific insights and showed the applicability of the SAT for developing hypotheses about cybercrime victimization impact. In this study, most hypotheses had to be rejected, leading to the conclusion that more work has to be done to test the applicability of the SAT in the field of cybercrime. Furthermore, policy implications were identified considering the prioritization of and approach to specific cybercrimes, treatment of victims, and financial loss compensation.

International framework agreements: new paths to workers' participation in multinationals' governance?

Transfer European Review of Labour and Research ◽

10.1177/102425890801400110 ◽

2008 ◽

Vol 14 (1) ◽

pp. 111-126 ◽

Cited By ~ 15

Author(s):

Isabelle Schömann ◽

André Sobzack ◽

Eckhard Voss ◽

Peter Wilke

Keyword(s):

Trade Unions ◽

Self Regulation ◽

Industrial Relations ◽

Negotiation Process ◽

Social Consequences ◽

Social Regulation ◽

International Level ◽

Political Debate ◽

Labour Standards ◽

This article describes the results of a major study on the impact of codes of conduct and international framework agreements (IFAs) on social regulation at company level. The limits of labour legislation at the national, as well as the international, level provide a strong motivation for both multinationals and trade unions to negotiate and sign IFAs. IFAs offer a way to regulate the social consequences of globalisation and to secure adherence to labour and social standards. They thus form part of the growing political debate on the international working and production standards of private actors. Examination of the negotiation process, the motivations of the parties, and the content of the agreements and implementation measures provides valuable insights into the impact of IFAs on multinationals' behaviour in respect of social dialogue and core labour standards. Finally, the article highlights the influence of such agreements on public policy-making and the limits of private self-regulation at European and international level, addressing the growing and controversial debate on the need for supranational structures to regulate labour standards and industrial relations.

The Impact of Working Capital Management on Profitability: The Case of Small and Medium-Sized Export Companies in Tunisia

Management international ◽

10.7202/1005434ar ◽

2011 ◽

Vol 15 (3) ◽

pp. 71-88 ◽

Cited By ~ 7

Author(s):

Meryem Bellouma

Keyword(s):

Negative Relationship ◽

Capital Management ◽

Working Capital ◽

Random Effects Models ◽

Accounts Receivable ◽

Cash Conversion Cycle ◽

Fixed And Random Effects ◽

Financial Decision ◽

Working capital is an important component in the financial decision of the company. An optimal working capital management is reached through a trade off between profitability and liquidity. This study aims to provide empirical evidence about the effects of working capital management on the profitability of 386 Tunisian export SMEs observed from 2001 to 2008. The results of fixed and random effects models show a negative relationship between corporate profitability and the different working capital components. This reveals that Tunisian export SMEs should shorten their cash conversion cycle by reducing the number of days of accounts receivable and inventories to increase their profitability.

The impact of the COVID-19 pandemic on revenues of visitor attractions: An exploratory and preliminary study in China

Tourism Economics ◽

10.1177/13548166211027844 ◽

2021 ◽

pp. 135481662110278

Author(s):

Ling-en Wang ◽

Bing Tian ◽

Viachaslau Filimonau ◽

Zhizhong Ning ◽

Xuechun Yang

Keyword(s):

Expert Opinion ◽

Financial Impact ◽

Tourist Attractions ◽

National Market ◽

Revenue Estimates ◽

Financial Consequences ◽

Preliminary Study ◽

The Impact ◽

Detrimental Impact ◽

Visitor Attractions

The COVID-19 pandemic has made a detrimental impact on various tourism subsectors. The financial consequences of this impact should be carefully evaluated to set benchmarks for industry recovery. This study assessed the financial impact of the pandemic on the tourism subsector of visitor attractions in China; 4222 A-grade visitor attractions accounting for over one-third of the national market were surveyed. Data triangulation was subsequently applied to undertake a comprehensive assessment of potential revenue loss. Triangulation was based upon the (1) lost revenue estimates made by tourist attractions’ administrations, (2) reverse estimation of past macroeconomic data, and (3) expert opinion estimates. The assessment results demonstrated that A-grade visitor attractions in China may have lost up to 140 billion RMB (circa US$21 billion) due to COVID-19, with up to 65% of all losses incurred in the first quarter of 2020. The scale of revenue loss varied significantly depending on visitor attraction’s grade, type, and location. Potential strategies for industry recovery are discussed.

Impact of Working Capital Management on Corporate Profitability- Empirical Evidence from Pharmaceutical Industry of Bangladesh

International Journal of Economics and Finance ◽

10.5539/ijef.v10n9p136 ◽

2018 ◽

Vol 10 (9) ◽

pp. 136

Author(s):

Rakibul Islam ◽

Mohammad Emdad Hossain ◽

Mohammad Nazmul Hoq ◽

Md. Morshedul Alam

Keyword(s):

Regression Analysis ◽

Correlation Matrix ◽

Negative Impact ◽

Pearson Correlation ◽

Capital Management ◽

Working Capital ◽

Data Set ◽

Pharmaceutical Firms ◽

Working capital management plays centric role in enhancing operational efficiency and their ultimate profitability. Globally financial managers have been searching the proper way on how to utilize working capital components which prolong profitability. The purpose of this study is to assess the impact of working capital components on profitability indicators of selected pharmaceutical firms in Bangladesh. The paper used financial data of 9 pharmaceutical firms listed in Dhaka stock exchange (DSE) covered 2011-2015. Two methods were used in this study for analysis data set. Firstly, to measure the relationship between selected variables Pearson Correlation matrix was used. Secondly, multiple regression analysis was used to investigate the impact working capital components on profitability of selected pharmaceutical firms. The study also conducted Durbin Watson test to assess autocorrelation of selected variables. In this study the correlation matrix identified a negative correlation between working capital components and profitability, whereas regression analysis found number of days account receivable (AR) had significant positive and current ratio (CR) and debt ratio (DR) had appeared a significant negative impact on profitability.

The impact of working capital and financial structure on profitability of islamic banking industry

Management Science Letters ◽

10.5267/j.msl.2012.06.045 ◽

2012 ◽

Vol 2 (7) ◽

pp. 2625-2630 ◽

Cited By ~ 1

Author(s):

Mohammad Khodaei Valahzaghard ◽

Ali Taherinejhad

Keyword(s):

Banking Industry ◽

Financial Structure ◽

Islamic Banking ◽

Working Capital ◽

Impact of working capital management on profitability: Evidence from Pakistan oil sector

International Journal of Accounting and Financial Reporting ◽

10.5296/ijafr.v5i1.7825 ◽

2015 ◽

Vol 1 (1) ◽

pp. 286

Author(s):

M.Yousaf Raza ◽

Muhammad Bashir ◽

Khalid Latif ◽

Touqeer Sultan Shah ◽

Mushtaq Ahmed

Keyword(s):

Financial Management ◽

Capital Budgeting ◽

Capital Management ◽

Working Capital ◽

Operating Profit ◽

Work In Process ◽

Fixed Assets ◽

Oil Sector ◽

This study explores the impact of working capital management on the profitability of the firms in the oil sector of Pakistan. For the purpose of testing this relationship data from the annual reports of the sample companies is used from the period 2006 to 2010. Cash conversion cycles (CCC), average receivable, Average inventory, average payable, and current ratio are used as a measure of working capital management, while gross operating profit is used as a measure of profitability of the firm. There are three major issues in financial management that are capital budgeting, capital structure, and working capital management. So working capital management is one of the three major issues in financial management. A commercial firm consists of two types of assets, which are fixed assets and current assets. Current assets of a firm consist of cash, bank balance, account receivable, raw material, work in process, and finished goods. While fixed assets of the business require capital expenditure and these are used in increasing the production of the business, the Current assets are used in utilizing the fixed assets in day to day transactions. Hence Current assets are regarded as lifeblood for any business firm, the play vital role in the daily operations of the business. Current assets and current liabilities regarded as are very important component of total assets and they need to be carefully managed for the long term success of the business. In this paper working capital management provide us profit by using average payable and gross operating profit but other variables in hypothesis shows negative relationships with each other.