EXAMINING THE IMPACT OF WORKING CAPITAL MANAGEMENT APPROACHES ON FINANCIAL PERFORMANCE IN THE TEXTILE SECTOR OF PAKISTAN

http://dx.doi.org/10.31703/gssr.2023(VIII-I).51      10.31703/gssr.2023(VIII-I).51      Published : Mar 1
Authored by : Muhammad Yousif , Muhammad Ziaullah , MuhammadZulqarnainJatoi

51 Pages : 551-563

References

  • Afza, T., &Nazir, M. S. (2008). Working Capital Approaches and Firm’s Returns. Pakistan Journal of Commerce and Social Sciences, 1(1), 25-36.
  • Deloof, M. (2003). Does working capital management affect profitability of Belgian firms? Journal of Business Finance & Accounting, 30(3‐4), 573-588. https://doi.org/10.2139/ssrn.3289222
  • FIELD, A. (2009). Discovering statistics using SPSS, Sage publications.
  • García-Teruel, P. J., &Martínez-Solano, P. (2007). Effects of working capital management on SME profitability. International Journal of Managerial Finance, 3(2), 164-177. https://doi.org/10.2139/ssrn.894865
  • Jose, M. L., Lancaster, C., & Stevens, J. L. (1996). Corporate returns and cash conversion cycles. Journal of Economics and Finance, 20(1), 33–46. https://doi.org/10.1007/bf02920497
  • Kutner, M. H., Nachtsheim, C., & Neter, J. (2004). Applied Linear Regression Models. Irwin/McGraw-Hill.
  • Lazaridis, I., &Tryfonidis, D. (2006). Relationship between working capital management and profitability of listed companies in the Athens stock exchange. Journal of financial management and analysis, 19(1). https://doi.org/10.35516/0338-011-002-009
  • Levin, A., Lin, C.-F., & James Chu, C.-S. (2002). Unit root tests in panel data: asymptotic and finite-sample properties. Journal of Econometrics, 108(1), 1–24. https://doi.org/10.1016/s0304-4076(01)00098-7
  • Mathuva, D. M. (2010). The Influence of Working Capital Management Components on Corporate Profitability: A Survey on Kenyan Listed Firms. Research Journal of Business Management, 4(1), 1–11. https://doi.org/10.3923/rjbm.2010.1.11
  • Padachi, K. (2006). Trends in working capital management and its impact on firms’ performance: an analysis of Mauritian small manufacturing firms. International Review of business research papers, 2(2), 45-58.
  • Raheman, A., & Nasr, M. (2007). WORKING CAPITAL MANAGEMENT AND PROFITABILITY-CASE OF PAKISTANI FIRMS. 3(2), 275–296.
  • Raheman, A., Afza, T., Qayyum, A., & Bodla, M. A. (2010). Working capital management and corporate performance of manufacturing sector in Pakistan. International Research Journal of Finance and Economics, 47(1), 156-169.
  • Samiloglu, F., &Demirgunes, K. (2008). The effect of working capital management on firm profitability: evidence from Turkey. The International Journal of Applied Economics and Finance, 2(1), 44-50. https://doi.org/10.3923/ijaef.2010.285.291
  • Abor, J. (2005). Working Capital Management and Corporate Profitability: Evidence from Ghana. LBS Management Review, 9(1). https://doi.org/10.4314/lbsmr.v9i1.24480
  • Shin, H. H., &Soenen, L. (1998). Efficiency of working capital management and corporate profitability. Financial practice and education, 8, 37-45.
  • Smith, M. B., &Begemann, E. (1997). Measuring association between working capital and return on investment. South African Journal of Business Management, 28(1), 1-4
  • SMITH, K. 1980. Profitability versus Liquidity Tradeoffs in Working Capital Management, in Readings on the Management of Working Capital. New York: St. Paul, West Publishing Company
  • Uyar, A. (2009). The relationship of cash conversion cycle with firm size and profitability: an empirical investigation in Turkey. International Research Journal of Finance and Economics, 24(2), 186-193.
  • Vahid, T. K., Elham, G., Mohsen, A. khosroshahi, & Mohammadreza, E. (2012). Working Capital Management and Corporate Performance: Evidence from Iranian Companies. Procedia - Social and Behavioral Sciences, 62, 1313–1318. https://doi.org/10.1016/j.sbspro.2012.09.225
  • Vishnani, S., & Shah, B. Kr. (2007). Impact of Working Capital Management Policies on Corporate Performance—An Empirical Study. Global Business Review, 8(2), 267– 281.
  • Wu, Q. A. (2001). The Determinants of Working Capital Management Policy and its Impact on Performance. National Science Council Project.

References

  • Afza, T., &Nazir, M. S. (2008). Working Capital Approaches and Firm’s Returns. Pakistan Journal of Commerce and Social Sciences, 1(1), 25-36.
  • Deloof, M. (2003). Does working capital management affect profitability of Belgian firms? Journal of Business Finance & Accounting, 30(3‐4), 573-588. https://doi.org/10.2139/ssrn.3289222
  • FIELD, A. (2009). Discovering statistics using SPSS, Sage publications.
  • García-Teruel, P. J., &Martínez-Solano, P. (2007). Effects of working capital management on SME profitability. International Journal of Managerial Finance, 3(2), 164-177. https://doi.org/10.2139/ssrn.894865
  • Jose, M. L., Lancaster, C., & Stevens, J. L. (1996). Corporate returns and cash conversion cycles. Journal of Economics and Finance, 20(1), 33–46. https://doi.org/10.1007/bf02920497
  • Kutner, M. H., Nachtsheim, C., & Neter, J. (2004). Applied Linear Regression Models. Irwin/McGraw-Hill.
  • Lazaridis, I., &Tryfonidis, D. (2006). Relationship between working capital management and profitability of listed companies in the Athens stock exchange. Journal of financial management and analysis, 19(1). https://doi.org/10.35516/0338-011-002-009
  • Levin, A., Lin, C.-F., & James Chu, C.-S. (2002). Unit root tests in panel data: asymptotic and finite-sample properties. Journal of Econometrics, 108(1), 1–24. https://doi.org/10.1016/s0304-4076(01)00098-7
  • Mathuva, D. M. (2010). The Influence of Working Capital Management Components on Corporate Profitability: A Survey on Kenyan Listed Firms. Research Journal of Business Management, 4(1), 1–11. https://doi.org/10.3923/rjbm.2010.1.11
  • Padachi, K. (2006). Trends in working capital management and its impact on firms’ performance: an analysis of Mauritian small manufacturing firms. International Review of business research papers, 2(2), 45-58.
  • Raheman, A., & Nasr, M. (2007). WORKING CAPITAL MANAGEMENT AND PROFITABILITY-CASE OF PAKISTANI FIRMS. 3(2), 275–296.
  • Raheman, A., Afza, T., Qayyum, A., & Bodla, M. A. (2010). Working capital management and corporate performance of manufacturing sector in Pakistan. International Research Journal of Finance and Economics, 47(1), 156-169.
  • Samiloglu, F., &Demirgunes, K. (2008). The effect of working capital management on firm profitability: evidence from Turkey. The International Journal of Applied Economics and Finance, 2(1), 44-50. https://doi.org/10.3923/ijaef.2010.285.291
  • Abor, J. (2005). Working Capital Management and Corporate Profitability: Evidence from Ghana. LBS Management Review, 9(1). https://doi.org/10.4314/lbsmr.v9i1.24480
  • Shin, H. H., &Soenen, L. (1998). Efficiency of working capital management and corporate profitability. Financial practice and education, 8, 37-45.
  • Smith, M. B., &Begemann, E. (1997). Measuring association between working capital and return on investment. South African Journal of Business Management, 28(1), 1-4
  • SMITH, K. 1980. Profitability versus Liquidity Tradeoffs in Working Capital Management, in Readings on the Management of Working Capital. New York: St. Paul, West Publishing Company
  • Uyar, A. (2009). The relationship of cash conversion cycle with firm size and profitability: an empirical investigation in Turkey. International Research Journal of Finance and Economics, 24(2), 186-193.
  • Vahid, T. K., Elham, G., Mohsen, A. khosroshahi, & Mohammadreza, E. (2012). Working Capital Management and Corporate Performance: Evidence from Iranian Companies. Procedia - Social and Behavioral Sciences, 62, 1313–1318. https://doi.org/10.1016/j.sbspro.2012.09.225
  • Vishnani, S., & Shah, B. Kr. (2007). Impact of Working Capital Management Policies on Corporate Performance—An Empirical Study. Global Business Review, 8(2), 267– 281.
  • Wu, Q. A. (2001). The Determinants of Working Capital Management Policy and its Impact on Performance. National Science Council Project.

Cite this article

APA

    APA : Yousif, M., Ziaullah, M., & Jatoi, M. Z. (2023). Examining the Impact of Working Capital Management Approaches on Financial Performance in the Textile Sector of Pakistan. Global Social Sciences Review, VIII(I), 551-563. https://doi.org/10.31703/gssr.2023(VIII-I).51

CHICAGO

    CHICAGO : Yousif, Muhammad, Muhammad Ziaullah, and Muhammad Zulqarnain Jatoi. 2023. "Examining the Impact of Working Capital Management Approaches on Financial Performance in the Textile Sector of Pakistan." Global Social Sciences Review, VIII (I): 551-563 doi: 10.31703/gssr.2023(VIII-I).51

HARVARD

    HARVARD : YOUSIF, M., ZIAULLAH, M. & JATOI, M. Z. 2023. Examining the Impact of Working Capital Management Approaches on Financial Performance in the Textile Sector of Pakistan. Global Social Sciences Review, VIII, 551-563.

MHRA

    MHRA : Yousif, Muhammad, Muhammad Ziaullah, and Muhammad Zulqarnain Jatoi. 2023. "Examining the Impact of Working Capital Management Approaches on Financial Performance in the Textile Sector of Pakistan." Global Social Sciences Review, VIII: 551-563

MLA

    MLA : Yousif, Muhammad, Muhammad Ziaullah, and Muhammad Zulqarnain Jatoi. "Examining the Impact of Working Capital Management Approaches on Financial Performance in the Textile Sector of Pakistan." Global Social Sciences Review, VIII.I (2023): 551-563 Print.

OXFORD

    OXFORD : Yousif, Muhammad, Ziaullah, Muhammad, and Jatoi, Muhammad Zulqarnain (2023), "Examining the Impact of Working Capital Management Approaches on Financial Performance in the Textile Sector of Pakistan", Global Social Sciences Review, VIII (I), 551-563

TURABIAN

    TURABIAN : Yousif, Muhammad, Muhammad Ziaullah, and Muhammad Zulqarnain Jatoi. "Examining the Impact of Working Capital Management Approaches on Financial Performance in the Textile Sector of Pakistan." Global Social Sciences Review VIII, no. I (2023): 551-563. https://doi.org/10.31703/gssr.2023(VIII-I).51