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Does Working Capital Management Affect Profitability of Belgian Firms
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TL;DR: In this paper, the relation between working capital management and corporate profitability is investigated for a sample of 1009 large Belgian non-financial firms for the 1992-1996 period, and the results suggest that managers can increase corporate profitability by reducing the number of days accounts receivable and inventories.
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Abstract: The relation between working capital management and corporate profitability is investigated for a sample of 1009 large Belgian non-financial firms for the 1992-1996 period. Trade credit policy and inventory policy are measured by number of days accounts receivable, accounts payable and inventories, and the cash conversion cycle is used as a comprehensive measure of working capital management. The results suggest that managers can increase corporate profitability by reducing the number of days accounts receivable and inventories. Less profitable firms wait longer to pay their bills.
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Citations
Cash Conversion Cycle Management on the Financial Performance of Building Materials/Chemical and Paint Manufacturing Companies in Nigeria
TL;DR: In this paper, the effect of cash conversion cycle on the financial performance of building materials/chemical and paint manufacturing companies in Nigeria was examined, and the results showed that, inventory ratio and Accounts receivable ratio had significant and positive effect on firms profitability, accounts payable ratio and Cash conversion cycle had positive and nonsignificant effect on the firms profitability.
•Dissertation
Effect of Fund Management Practices on the Financial Performance of CDF Funded Water Projects in Kenya: A Case of Molo Constituency, Nakuru County, Kenya.
Joseph Kimani Mwangi
- 01 Jan 2013
TL;DR: In this paper, the authors used cross-sectional survey design, which emphasized on the measurement and analysis of relationships between the variables, and found that efficient fund management practices have a positive effect on the financial performance of CDF funded projects.
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The Effect of Working Capital Management Cycle on Profitability of Retail Supermarkets in Mombasa, Kenya: A Case Study of Binathman Household Supermarket in Mombasa City
Alice Ruguru Ngari,Charles Kamau +1 more
TL;DR: In this article , the effect of working capital management cycle on the profitability of retail supermarkets in Mombasa, Kenya was scrutinized by using a linear multiple regression test and analysis was carried via coefficient of multiple regression.
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The impact of management practices on financial performance : evidence from farm businesses in England
Fedra Vanhuyse
- 01 Jan 2016
TL;DR: In this paper, the authors assess the impact of management practices on the financial performance of farm businesses in England, and assess the effect of formal planning, organizing, leading and controlling on individual farm financial performance.
7
The impact of earning management on market earnings value: the causal study on the level of accruals
Muljanto Siladjaja,Yuli Anwar +1 more
- 30 Dec 2019
TL;DR: In this paper, the authors used path model analysis and multivariate regression to detect earning management after the period of publication, when the information from financial report plays critical role in investment's decision.
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References
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Law and Finance
Rafael La Porta,Rafael La Porta,Florencio Lopez de Silanes,Florencio Lopez de Silanes,Andrei Shleifer,Andrei Shleifer,Robert W. Vishny,Robert W. Vishny +7 more
TL;DR: This paper examined legal rules covering protection of corporate shareholders and creditors, the origin of these rules, and the quality of their enforcement in 49 countries and found that common law countries generally have the best, and French civil law countries the worst, legal protections of investors.
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