• 主题
高级搜索  >
历史搜索 清空历史
首页> 外文期刊>International journal of productivity and performance management >Working capital management, firm performance and nature of business: An empirical evidence from India
【24h】

Working capital management, firm performance and nature of business: An empirical evidence from India

机译：营运资金管理，企业绩效和性质：来自印度的经验证据

获取原文
获取原文并翻译 | 示例
           
页面导航
  • 摘要
  • 著录项
  • 相似文献
  • 相关主题

摘要

Purpose - This paper aims to investigate the impact of the efficiency of working capital management (WCM) on the performance of a sample of Indian companies and explore how the nature of the firm's business influences the significance and direction of this impact. Design/methodology/approach - The data for this study were collected for the period of 2012-2018 for 414 non-financial firms listed on the Bombay Stock exchange. Fixed-effect regression models were run by taking Tobin's Q and return on equity (ROE) as dependent variables, and net trade cycle (NTC) and its components as explanatory variables in the presence of liquidity, leverage, size, age and growth as control variables. Sample firms were segregated into manufacturing, trading and service groups, and regression models were used for all the groups to understand the effect of the nature of a firm's business. Findings - WCM efficiency has a significant impact on the performance of the sample firms. Non-financial Indian firms deliver better financial performance by maintaining lower NTC. Like NTC, its components also impact firm value and profitability. The results report that the significance of the relationship varies depending upon the nature of the firm's business. Originality/value - The previous research studies had not used a sample of large number of Indian firms. Unlike previous studies, this study reports the influence of the nature of business on the relationship between WCM and firm performance. Further, this paper also examines how the individual components of working capital influence the performance of Indian firms.
机译：目的 - 本文旨在调查工作资本管理（WCM）效率对印度公司样本的影响，并探讨公司业务的性质如何影响这种影响的重要性和方向。设计/方法/方法 - 在孟买证券交易所上市的414家非金融公司的2012-2018期内收集了本研究的数据。固定效果回归模型通过采取塔宾Q并返回权益（ROE）作为依赖变量，净交易循环（NTC）及其组件作为在存在流动性，杠杆，大小，年龄和增长中的解释变量作为控制变量。样本公司被隔离为制造，贸易和服务团体，并使用回归模型来了解公司业务本质的影响。调查结果 - WCM效率对示例公司的性能产生了重大影响。非金融印度企业通过维持下部NTC来提供更好的财务表现。与NTC一样，其组件也影响了公司的价值和盈利能力。结果报告说，这种关系的重要性取决于公司业务的性质。原创性/价值 - 以前的研究研究没有使用大量印度公司的样本。与以往的研究不同，本研究报告了业务性质对WCM与公司性能之间关系的影响。此外，本文还研究了营运资金的各个组成部分如何影响印度公司的表现。

著录项

相似文献

  • 外文文献
  • 中文文献
  • 专利
获取原文

客服邮箱：kefu@zhangqiaokeyan.com

京公网安备：11010802029741号 ICP备案号：京ICP备15016152号-6 六维联合信息科技 (北京) 有限公司©版权所有

  • 客服微信

  • 服务号