scholarly journals International working capital practices of Ghanaian firms

2005 ◽  
Vol 5 (1) ◽  
Author(s):  
J. Abor
Keyword(s):  
International Trade ◽  
International Market ◽  
Cash Management ◽  
Capital Management ◽  
Working Capital ◽  
Working Capital Management ◽  
Low Level ◽  
Level Of Use ◽  
International Sales ◽  
Made In

International working capital management is important to firms frequently operating in the international market. This article investigates the international working capital practices of top Ghanaian firms involved in international trade. The objective of the study is to ascertain the extent to which Ghanaian firms use international working capital management vehicles. The article focuses on two main areas of international working capital management; international cash management and international sales and accounts receivables management. The results of this study reveal low level of use of international working capital vehicles among Ghanaian firms. Recommendations are made in this regard.

scholarly journals Management of current assets in the context of increasing the Enterprise’s Profitability

2015 ◽  
Vol 2 ◽  
pp. 27
Author(s):  
Iluta Arbidane
Keyword(s):  
Optimum Level ◽  
Regression Equations ◽  
Capital Management ◽  
Working Capital ◽  
Short Term ◽  
Working Capital Management ◽  
Essential Condition ◽  
Efficient Management ◽  
A Company ◽  
Made In

<p class="R-AbstractKeywords">In order to ensure the financial sustainability of companies under current economic conditions successful management of current assets is crucial. In practice it is quite often observed that the decisions related to current assets management in Latvian companies are made in the short-term aspects without making analysis. Efficient management of working capital is an essential condition of rise in profitability of a company.  Potentialities of working capital management in the context of efficient running of business have not been studied in Latvia up until now. The main aim of this article is to examine the effect of working capital on profitability of Latvian companies. The results of the research that has been performed in relation to Latvian enterprises confirm the existence of a correlation between components of working capital and profitability. The developed regression equations meant for forecasting profitability of a company applying working capital management methods can be used by Latvian enterprises. It follows that managers of an enterprise can forecast indexes characterizing profit, managing components of working capital and maintaining it on the optimum level</p>

scholarly journals EFFECT OF WORKING CAPITAL MANAGEMENT AND LEVERAGE ON COMPANY VALUE WITH PROFITABILITY AS MODERATING VARIABLES

2021 ◽  
Vol 1 (1) ◽  
pp. 41-53
Author(s):  
Rico Nur Ilham ◽  
Majied Sumatrani Saragih ◽  
Andri Saifannur
Keyword(s):  
Firm Value ◽  
Investment Decisions ◽  
Capital Management ◽  
Working Capital ◽  
Moderator Variable ◽  
Working Capital Management ◽  
Moderating Variables ◽  
Company Value ◽  
The Relationship ◽  
Made In

This study aims to determine how the influence of working capital management and leverage on firm value with profitability as a moderating variable. The research method used is quantitative data method. 1) Working Capital Management variable has a positive and significant effect on Firm Value. 2) Leverage variable has no significant effect on firm value. 3) Working Capital Management and Leverage variables have no simultaneous significant effect on Firm Value. 4)Profitability variable is a moderator variable that affects the relationship between Working Capital Management and Firm Value. 5) Profitability variable is not a moderator variable that can moderate the relationship between Leverage and Firm Value.Company value can be used as the basis for making investment decisions because this aspect measures the ability of the company's assets to generate a return on investment made in the company's asset instruments.

scholarly journals Working Capital Management and Profitability: A Study of Selected Auto Ancillary Companies in India

2017 ◽  
Vol 4 (01) ◽  
Author(s):  
Bhaskar Biswas
Keyword(s):  
Regression Analysis ◽  
Capital Management ◽  
Working Capital ◽  
Multiple Correlation ◽  
Current Ratio ◽  
Working Capital Management ◽  
Cash Conversion Cycle ◽  
Correlation And Regression Analysis ◽  
Made In

The term working capital management refers to overall administration of all the current assets and current liabilities of the firm. Current ratio, days sales outstanding, days inventory, payables period, cash conversion cycle (CCC) are regarded as the measures of working capital management. An attempt has been made in the present study to evaluate the relation between working capital management and profitability of five selected auto ancillary companies in India viz, Bosch India, Motherson Sumi Systems Limited, Exide Industries Limited, Amara Raja Batteries and Wabco India Limited. Using Karl Pearson’s simple and multiple correlation, and regression analysis, it is found that only in case of Amara Raja Batteries there is significant correlation between profitability and factors of working capital management.

scholarly journals EFFECTS OF MICROFINANCE LENDING ON WORKING CAPITAL MANAGEMENT OF MICRO AND SMALL ENTERPRISES IN NAROK TOWN KENYA.

2015 ◽  
Vol 10 (9) ◽  
pp. 2520-2526
Author(s):  
Isaac Kering Cheruiyot ◽  
Mary Bosire
Keyword(s):  
Inventory Management ◽  
Small Businesses ◽  
Survey Design ◽  
Sampling Technique ◽  
Target Population ◽  
Primary Data ◽  
Cash Management ◽  
Capital Management ◽  
Working Capital ◽  
Working Capital Management

This study sought to establish the effects of MFI’s lending on working capital management of micro and small businesses in Narok Town. The objectives of the study were to establish the effects of Microfinance lending on cash management, inventory management, receivables management and payable management of MSEs. The study used descriptive survey design and the target population comprised of 240 MSE’s. Purposive sampling technique was used to select a sample of 71 MSE’s from the population. Primary data were gathered for the study using face to face interviews with an aid of structured questionnaire. Reliability coefficient 0.7 and above was accepted. Descriptive statistics which includes percentages, frequencies, means, standard deviation and inferential statistics namely; t-test, Pearson product moment correlation and regressions were used to analyze the data. Test of significance was tested at α=0.1. The Statistical Package for Social Science (SPSS) aided the data analysis. The study established that MFI’s lending (cost of lending, loan period and loan size) positively affect working capital management (cash management, inventory management, receivables management and payable management) of MSEs in Narok Town. 

Pengaruh Manajemen Modal Kerja Terhadap Profitabilitas Dan Risiko

Liquidity ◽  
2017 ◽  
Vol 6 (2) ◽  
pp. 95-102
Author(s):  
Sri Setia Ningsih
Keyword(s):  
T Test ◽  
Raw Material ◽  
Risk Level ◽  
Capital Management ◽  
Working Capital ◽  
Working Capital Management ◽  
Trading Company ◽  
Regression Correlation ◽  
Descriptive Method

The purpose of this research is to know about working capital management applied, and its influence on profitability and risk. The research object is trading company moves in import & distribute chemical raw material. The research used analysis descriptive method, and the hypothesis was testing by simple linier regression, correlation, and determination. The result of the research shows that the effect of the implementation of working capital management on the change of the net working capital with tend to rise has a profitability level of 10.4% lower than the net working capital change with tend to go down of 46%, but instead on the risk level, the net working capital change with tend to rise has a risk level of 43.8% higher than the change in net working capital with tend to go down of 0.3%.Based on  t test, the result shows that the net working capital change influence  is not significant  to profitability and risk.

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