Journal Article10.1108/IJPPM-02-2020-0043
Working capital management and profitability of listed manufacturing firms in Ghana
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TL;DR: In this article, the authors examined the effect of working capital management on profitability of listed manufacturing firms in Ghana and employed a quantitative research approach within the causal research design using a balance panel of 20 manufacturing listed firms from 2015 to 2019.
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Abstract: This study examines the effect of working capital management on profitability of listed manufacturing firms in Ghana.,The study employs a quantitative research approach within the causal research design using a balance panel of 20 manufacturing listed firms from 2015 to 2019.,The study reveals that inventory management, account receivables, account payables, cash conversion cycle, current asset, current ratio and firm size have positive effects on return on assets (ROA) and return on return on equity(ROE) whilst leverage affects them negatively.,The study only covers 20 manufacturing firms generally due to data unavailability. However, the outcome has useful information for manufacturing firms.,The study brings to light effective ways of improving the profitability of manufacturing firms through policies.,The findings are beneficial to manufacturing firms and countries for the purpose of improving performance of firms and welfare of the people through direct and indirect chain effects of increasing investments, remunerations and scales of production.,This study adds insights into the existing literature on working capital management namely methodology, effects of components on profitability of manufacturing firms and socioeconomic implications- evidence from Ghana.
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Citations
The impact of working capital management on firm profitability: Empirical evidence from the Polish listed firms
Sorin Gabriel Anton,Anca Elena Nucu +1 more
- 25 Dec 2020
TL;DR: In this article, the authors investigated the relationship between working capital and firm profitability for a sample of 719 Polish listed firms over the period of 2007-2016 and found that working capital has a positive effect on the profitability of Polish firms to a break-even point (optimum level).
86
Impact of Capital Structure on Profitability: Panel Data Evidence of the Telecom Industry in the United States
TL;DR: In this paper , the authors investigated the impact of the capital structure on the profitability of the telecommunication industry in the USA and found that the ratio of TLsTAs has a significant impact on ROA and TETAs has no impact on the ROE.
Impact of working capital management on profitability: evidence from listed companies in Qatar
TL;DR: In this paper , the authors applied a multiple regression analysis methodology in all manufacturing companies listed on the Qatar Stock Exchange (ten firms) between 2015 and 2019, and found that companies with shorter receivables collection periods and cash conversion cycles are more profitable.
Working capital management and firm performance: are their effects same in covid 19 compared to financial crisis 2008?
Muhammad Fariz Ahmad,Rabia Bashir,Hamid Waqas +2 more
- 22 Jul 2022
TL;DR: In this paper , the authors examined the working capital management and firm performance relation in 577 firms from three Asian developing countries from 2004 to 2020, and compared the difference in the effect of working-cap management on firm performance during the covid 19 period as compared to the crisis 2008 period.
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Empirical study on the impact of working capital management on going concern of manufacturing firms in Ghana
TL;DR: In this article , the authors examined the impact of working capital management on the going concern of manufacturing businesses in Ghana and found that effective mobilization of inventories, cash, debtors, and creditors should be the main motivation of management and owners of the business.
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