文章基本信息

标题：IMPACT OF WORKING CAPITAL ON CORPORATE PERFORMANCE A CASE STUDY FROM CEMENT, CHEMICAL AND ENGINEERING SECTORS OF PAKISTAN
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作者：Naveed Ahmad ; Muhammad Nadeem ; Naqvi Hamad 等
期刊名称：Arabian Journal of Business and Management Review
电子版ISSN：2223-5833
出版年度：2014
卷号：3
期号：7
出版社：Sohar University, Oman and American University of Kuwait
摘要：The purpose of this paper is to investigate the impact ofworking capital on the corporate Performance inthecement, chemical and engineering sectors of Pakistan. The data is obtained from the annual reports issued by the companies during 2007-2011.To verify the relationship between the measures of working capital and profitabilityregression models are used. The results showthat average collection period and operating cycle are positively whereas average age of inventory is negatively related to the return on equity.Firm size is positively whereas leverage is negatively related to the return on equity.Average payment period is negatively whereas cash conversion cycle is positively and significantly related with return on equity.Theresults indicate that working capital management influences the firms' profitability
关键词：working capital; corporate performance; Profitability