The oak and the reed: Working capital management and the role of business group affiliation

Finance ◽  
2021 ◽  
Vol Prépublication (0) ◽  
pp. I-XXXVI
Author(s):  
Vivien Lefebvre ◽  
Anaïs Hamelin
Keyword(s):  
Business Group ◽  
Capital Management ◽  
Group Affiliation ◽  
Working Capital ◽  
Working Capital Management ◽  
Business Group Affiliation

scholarly journals Effect of Working Capital Management on Firm Performance: The Role of Ownership Structure

2019 ◽  
Vol IV (I) ◽  
pp. 75-83
Author(s):  
Shams ur Rahman ◽  
Khurshed Iqbal ◽  
Aamir Nadeem
Keyword(s):  
Firm Performance ◽  
Ownership Structure ◽  
Negative Relationship ◽  
Fixed Effect Model ◽  
Managerial Ownership ◽  
Capital Management ◽  
Working Capital ◽  
Working Capital Management ◽  
Inventory Turnover

Current study investigates the effect of working capital management on firm performance with the moderating role of ownership structure. A random sample of 77 firms for the period 2011-2015 was selected. By using fixed effect model the study demonstrated statistically significant negative relationship of leverage, average collection period and quick ratio on firm performance, while current ratio, account payable and inventory turnover found with positive significant effect on Firm Performance. Further, the effect of working capital on firm performance was positively affected by Institutional ownership and negatively affected by Managerial ownership. Thus, the results suggest that the owner/manager needs to manage their limited resources efficiently for the improvement of profitability. It is also advised that investor and shareholder pay attention to the level of institutional and managerial ownership at the time of investment..

scholarly journals Consistency of Debt Policy: An Intrinsic Role of Business Group Affiliation

2021 ◽  
Vol 10 (1) ◽  
pp. 1-28
Author(s):  
Wajiha Rasheed ◽  
Kanwal Iqbal Khan ◽  
Syed Muhammad Waqar Azeem Naqvi ◽  
Shahid Mahmood
Keyword(s):  
Business Group ◽  
Group Affiliation ◽  
Business Group Affiliation ◽  
Debt Policy
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