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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 Capital Expenditure on Working Capital Management: An Empirical Study on Amman Stock Exchange
Fayez Salim Haddad
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TL;DR: In this article, the impact of capital expenditures on working capital management on Amman Stock Exchange (ASE) over the time period 2000 through 2012 was examined using panel data and three regression models: ordinary least squares (OLS), fixed effect, and seemingly unrelated regression (SUR).
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Cash Conversion Cycle and Return on Assets of Russian Food Companies: The Empirical Analysis of the Relationship
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Mid-Sized Italian Manufacturing Firms: A Panel Data Analysis on Profitability
Carlo Migliardo,Daniele Schilirò +1 more
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TL;DR: In this article, the authors provide an empirical analysis concerning the different aspects of profitability of the Italian manufacturing firms of intermediate size, namely medium and medium-large size companies, for the period 2004-2010.
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•Dissertation
Impact of Working Capital Management on Profitability of Manufacturing Share Companies in Ethiopia
Mifta Ahmed
- 01 Apr 2016
TL;DR: A Thesis Submitted to Addis Ababa University College of Business and Economics Department of Accounting and Finance In Partial Fulfillment of the Requirements for the Degree of Master of Science in Accounting and finance.
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•Dissertation
Influence of cost structure on interest rate level of microfinance banks in nakuru county, kenya
Kennedy Kimutai Ngetich
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TL;DR: In this paper, the authors examined influence of cost structure variables and interest rates level on loans charged by micro finance banks in Nakuru County, Kenya, and concluded that financial costs, credit administration costs, loan default costs and cash holding costs have a significant influence on interest rate level.
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