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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
The impact of working capital policy on risk management in the companies listed in Tehran Stock Exchange
TL;DR: In this article, the impact of working capital policy on risk management companies is evaluated based on analysis of literature and analytical Ali panel data (panel data) is. And the results confirm the hypotheses associated with sub 1.2 and 2.2, respectively, indicating that the between policy and operational risk and financial risk, working capital and an inverse relationship exists.
•Journal Article
Frequency response analysis of a capacitive micro-beam resonator considering residual and axial stresses and temperature changes effects
S Valilou,Marzieh Jalilpour +1 more
TL;DR: In this article, a study on the frequency response of a capacitive micro-beam resonator under various applied stresses has been presented, where the authors used a step-by-step linearization scheme and a Galerkin based reduced order model to solve the nonlinear electrostatic equation.
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Çalişma sermayesi̇ yöneti̇mi̇ni̇n i̇şletme karliliği ve faali̇yet etki̇nli̇ği̇ üzeri̇ndeki̇ etki̇si̇
Enes Yildiz,Müslüm Polat +1 more
TL;DR: In this article , the authors discuss the effect of faaliyet etkinliği etkisini ölçmek amacıyla gerçekleştirilen bu çalışmada, BIST bilişim sektöründe öz kaynak kârlılığının sadece dönen varlık devir hızından, faali-yetlerdeki etkiniliğin ise hem cari oran hem de döne varlÞin istatistiki olarak anlamlı düzeyde etkilendiği tespit edilmıştır.
An Estimation of Working Capital Management on Profit Using Logistic Regression and Discriminant Analysis
Kwasi A. Darkwah,Ezekiel N. N. Nortey,Abeku Atta Asare-Kumi,Kwabena Asare +3 more
- 12 Apr 2019
TL;DR: In this paper, the authors used logistic regression and discriminant analysis on manufacturing and industrial firms in Ghana to estimate working capital management on profit using the independent variables such as the average collection period, the Inventory Conversion Period, the average payment period, growth rate, the Debt Ratio, the current ratio and the Company Size.
Cash Flow in an Agribusiness Restructuring Process
TL;DR: In this article, the authors present an accessible and efficient tool for the management of small and medium-sized egg companies, including those close to bankruptcy, aiming at their financial recovery.
References
•Posted Content
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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