Impact of Working Capital Management on Corporate Performance: An Empirical Analysis of Selected Public Sector Steel Companies in West Bengal

2019 ◽  
Vol 10 (3) ◽  
pp. 251
Author(s):  
Bijoy Gupta ◽  
Kartick Chandra Paul
Keyword(s):  
Public Sector ◽  
Empirical Analysis ◽  
West Bengal ◽  
Corporate Performance ◽  
Capital Management ◽  
Working Capital ◽  
Working Capital Management

Working capital management, corporate performance, and financial constraints

2014 ◽  
Vol 67 (3) ◽  
pp. 332-338 ◽  
Author(s):  
Sonia Baños-Caballero ◽  
Pedro J. García-Teruel ◽  
Pedro Martínez-Solano
Keyword(s):  
Financial Constraints ◽  
Corporate Performance ◽  
Capital Management ◽  
Working Capital ◽  
Working Capital Management

scholarly journals An empirical analysis of the impact of working capital management on the firm performance in cement and ceramics industry of Pakistan- A panel approach

2019 ◽  
Vol 3 (1) ◽  
pp. 79-90
Author(s):  
Rashida Bibi ◽  
Fayaz Ahmad ◽  
Muhammad Aamir
Keyword(s):  
Firm Performance ◽  
Empirical Analysis ◽  
Fixed Effect Model ◽  
Fixed Effect ◽  
Capital Management ◽  
Working Capital ◽  
Working Capital Management ◽  
Effect Model ◽  
Inventory Turnover ◽  
Ceramics Industry

The real impact of Working Capital management is captured through its constituent policies such as Inventory, Receivable, and Payable managements. The aim of this study is to analyze the effects of Working Capital management i.e. inventory turnover period, the cycle of cash conversion, accounts receivable and payable periods, on the firm performance of cement and ceramics industry of Pakistan. The target population of the current research work is the whole cement and ceramics industry of Pakistan. The fixed-effect model was used for empirical analysis and incorporated by using the Stata software. The model parameters were tested at 1% and 5% level of significance. The outcomes of the fixed-effect model indicated that the account receivable period (AR) in days, inventory turnover (IT) in days and cash conversion cycle (CC) has an inverse nexus with the firm value of cement and ceramics industry of Pakistan. However, the account payable period has a positive relationship with the profitability of the cement and ceramics industry of Pakistan.

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