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Ik-Ugwoezuonu, L., and O. B. Obodoechi. "Analyzing the Impact of Cash Management Strategies on the Financial Stability of Deposit-Taking Saccos in Nigeria." Global Journal of Finance and Business Review 7, no. 2 (2024): 21–33. https://doi.org/10.5281/zenodo.10888100.
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<em>The study analyzed the impact of cash management strategies on the financial stability of Deposit-Taking SACCOS in Nigeria. It focuses on assessing the existing cash management strategies employed by deposit-taking Savings and Credit Cooperative Societies (SACCOS) in Nigeria, examining their impact on financial stability, and identifying the challenges faced in implementing effective cash management strategies within the Nigerian socio-economic context. The research utilized a mixed-methods approach, including interviews, surveys, and financial data analysis, to gather comprehensive insights. The findings reveal that SACCOS in Nigeria employ a range of cash management strategies, including cash flow monitoring, liquidity management, and financial planning. These strategies significantly influence the financial stability of SACCOS, as evidenced by their positive impact on key financial stability indicators. Effective cash management practices enhance the ability of SACCOS to meet financial obligations, navigate economic uncertainties, and mitigate financial risks. However, the study also identifies several challenges in implementing effective cash management strategies. These challenges include regulatory constraints, limited resources, and technological limitations. Regulatory barriers hinder the adoption of advanced cash management practices, while limited resources and technological limitations affect the implementation and monitoring of cash management strategies. To address these challenges and optimize cash management practices, the study recommends several strategies. These include investing in training and capacity building programs for SACCOS staff, implementing robust cash flow monitoring systems, developing comprehensive cash management policies and procedures, and fostering a culture of financial discipline and transparency. Additionally, collaboration with regulatory authorities, industry associations, and the establishment of industry forums or networks for knowledge sharing are crucial in overcoming challenges and promoting effective cash management practices. By implementing these recommendations, deposit-taking SACCOS in Nigeria can enhance their cash management practices, strengthen the link between cash management strategies and financial stability, and overcome challenges to achieve optimal financial performance and sustainability.</em>
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Chastain, Clark E., S. Thomas, and A. Cianciolo. "Strategies in cash-flow management." Business Horizons 29, no. 3 (1986): 65–73. http://dx.doi.org/10.1016/0007-6813(86)90010-8.
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Faque, Mustapher. "Cash management strategies and firm financial performance." Bussecon Review of Finance & Banking (2687-2501) 2, no. 2 (2020): 36–43. http://dx.doi.org/10.36096/brfb.v2i2.207.
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Cash(liquidity) management is at the heart of a firm’s financial management. It is a silver lining between the bankruptcy and the success story of a company. Therefore, this study intends to contribute some insights into cash management practices and how firms can use them to achieve sound financial performance. This study provides a comprehensive literature review on existing theories and cash management practices that are useful in decision making. After the analysis of the available literature, the study highlights important theories including tradeoff theory (TOT), transaction model, precautionary measures, financial hierarchy, and cash flow theory. Furthermore, management practices such as stochastic cash management model, speeding up cash collections, centralization & decentralization of management, asset portfolio diversification, and cash disbursement are discussed. The study suggests that a sound financial performance can be achieved through a hybrid approach and through adaptation and embracing innovations in cash management systems.
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Faque, Mustapher. "Cash management strategies and firm financial performance." Bussecon Review of Social Sciences (2687-2285) 3, no. 4 (2022): 23–30. http://dx.doi.org/10.36096/brss.v3i4.295.
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Cash(liquidity) management is at the heart of a firm’s financial management. It is a silver lining between the bankruptcy and the success story of a company. Therefore, this study intends to contribute some insights into cash management practices and how firms can use them to achieve sound financial performance. This study provides a comprehensive literature review on existing theories and cash management practices that are useful in decision making. After the analysis of the available literature, the study highlights important theories including trade-off theory (TOT), transaction model, precautionary measures, financial hierarchy, and cash flow theory. Furthermore, management practices such as stochastic cash management model, speeding up cash collections, centralization & decentralization of management, asset portfolio diversification, and cash disbursement are discussed. The study suggests that a sound financial performance can be achieved through a hybrid approach and through adaptation and embracing innovations in cash management systems.
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Oriekhova, K. V., and O. Hr Golovko. "CASH FLOW MANAGEMENT STRATEGY." Economics and Law, no. 1 (May 10, 2022): 89–97. http://dx.doi.org/10.15407/econlaw.2022.01.089.
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Today the need for financial planning is realized by most managers of enterprises, but in spite of this, the problem of building an effective model of enterprise cash flow management takes an important place in the financial policy of the Ukrainian economy. In today's market economy, cash flow is an integral part of the livelihood of the object of management. Poor quality of cash flow management is the main reason of insufficient level of liquidity, cash gaps and violations of the terms of payments and use of external sources of financing. The financial strategy is the foundation of the company's cash management process. An effective cash flow management strategy helps to ensure the rhythm of the operating cycle and increase profits, which maintains the stable financial condition of the company. The process of developing a cash flow management strategy predetermines the need to form specific financial development goals of the enterprise. The objectives of the financial development of the enterprise should ensure the implementation of the mission and objectives of its strategy, on the one hand, and support the objectives of other functional strategies and strategies of business entities, on the other hand. That is why the paper investigated the essence of cash flow management, the main goal and objectives of such management, as well as its main stages. In addition, the main strategies of the basic development of the enterprise were considered. Also, the article developed a cash flow management strategy, taking into account the main directions and problematic aspects of the issue under study.
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Hlebik, Sviatlana, and Lara Ghillani. "Management Strategies for Bank’s Liquidity Risk." International Journal of Economics and Finance 9, no. 6 (2017): 98. http://dx.doi.org/10.5539/ijef.v9n6p98.
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Liquidity risk management is today a major focus for regulators, due to increasing complexity of financial markets and concerns related to inadequate identification and managing liquidity risk, exacerbated by the financial crisis. Because the financial market is increasingly interconnected, a liquidity shortfall at a single institution can have system-wide consequences.This paper aims to provide analytical explanations of how important decisions made by bank managers can influence the capability of an institution to finance increases in assets and meet their commitments without impairing cash flow. Banks are particularly susceptible to liquidity risk because the maturity transformation from short-term deposits into long-term loans is one of their key business activity. Further, there can be uncertainties in cash-flow in the external occurrences and agents' behavior. Skillful liquidity risk management is essential, and the present work analyses impact of some management strategies on Basel III liquidity ratios.
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Cui, Qingbin, Makarand Hastak, and Daniel Halpin. "Systems analysis of project cash flow management strategies." Construction Management and Economics 28, no. 4 (2010): 361–76. http://dx.doi.org/10.1080/01446191003702484.
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Liu, Tianyi. "An Analysis of Cash Management Strategies in E-Commerce Companies." Advances in Economics, Management and Political Sciences 145, no. 1 (2025): 171–75. https://doi.org/10.54254/2754-1169/2024.ld19042.
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This paper investigates the vital role of cash management in e-commerce companies, focusing on three major players: Pinduoduo, Jing Dong, and Amazon. The study delves into the strategies these firms use to optimize cash flows, emphasizing how technological advancements and social factors unique to the e-commerce industry influence their cash management practices. By exploring the advanced systems implemented by these companies, this research provides valuable insights into the techniques that drive financial efficiency. In addition to analyzing existing cash management methods, the study incorporates a comparative analysis of financial models and statistical data to highlight the best practices in the sector. The findings underscore the importance of cash management in sustaining operational success and long-term growth in the e-commerce industry. Furthermore, the paper offers predictions on future trends, identifying potential challenges and opportunities for innovation in cash management. This research aims to contribute to the broader understanding of financial optimization in online retail, offering actionable insights for both academics and practitioners in the field.
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Chris-Ejiogu, Uzoamaka Gloria, Nonye Edomobi, Benedict Anayochukwu Ozurumba, and Nkechi Precious Obieche. "WORKING CAPITAL MANAGEMENT STRATEGIES OF NIGERIAN MANUFACTURING INDUSTRIES AND FIRMS VALUE." Journal of Advance Research in Business, Management and Accounting (ISSN: 2456-3544) 9, no. 11 (2024): 1–17. http://dx.doi.org/10.61841/ya9xv666.
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This research explores the capital management strategies employed by Nigerian manufacturing industries and their impact on firm value, as measured by Earnings per Share (EPS). Employing an ex post facto research design, the study focuses on a population of 25 industrial goods industries, selecting a sample of 9 quoted manufacturing firms. The independent variables encompass various working capital management strategies, including accounts receivable management, accounts payable management, inventory management, cash conversion cycle, cash conversion efficiency, current assets to total assets ratio, and current liabilities to total assets ratio. The dependent variable is firm value, proxied by EPS. Results reveal both short-term and long-term effects of working capital management on EPS. The long-run model demonstrates significant negative relationships between accounts receivable management (ARM) and EPS, suggesting that efficient management of accounts receivables has a significant impact on financial performance. Conversely, accounts payable management (APM) exhibits a positive but non-significant effect. Inventory management (INVM) and cash conversion cycle (CCC) are positively related to EPS, with CCC and cash conversion efficiency (CCE) having significant effects. In the short run, the error correction model (ECM) indicates a negative and significant impact of deviations in accounts receivable management and cash conversion cycle on EPS. The study recommends among others that organizations focus on enhancing short-term corrective measures, such as agile and responsive strategies in accounts receivables, to ensure immediate and efficient impacts on financial performance.
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Alfarisy, Muhammad Miqdad, and Firmansyah Firmansyah. "Description of money Waqf Program Management in Indonesia." JURNAL EKONOMI DAN PERBANKAN SYARIAH 9, no. 1 (2021): 90–97. http://dx.doi.org/10.46899/jeps.v9i1.269.
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This study aims to discuss the description of cash waqf management in Indonesia, from regulations to concepts and strategies for developing cash waqf in Indonesia. This type of research uses a qualitative descriptive method using literature study data. The result of this research is that the implementation of regulations on cash waqf management institutions has been stated in Law number 41 of 2004, part 10, article 28 and Government Regulation (PP) Number 25 of 2018 and Regulation of the Indonesian Waqf Board (BWI) Number 20 of 2020. As for the concepts and strategies that must be carried out by nadzir waqf money, it is regulated that they must pay attention to 2 aspects. First, the security aspect, the second aspect of usability. Problems in managing cash waqf include the large number of nadzir cash waqf which is not transparent and accountability. The finding of cash waqf so that the potential and realization of cash waqf in Indonesia is still not as expected
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Vasanthan, S. "An In-Depth Financial Performance Analysis and Cash Management Strategy of Solara Active Pharma Sciences Limited: A Case Study (2020-2023)." INTERNATIONAL JOURNAL OF SCIENTIFIC RESEARCH IN ENGINEERING AND MANAGEMENT 09, no. 06 (2025): 1–9. https://doi.org/10.55041/ijsrem51071.
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This study presents an in-depth financial analysis of Solara Active Pharma Sciences Limited (SAPS) over the period from 2020 to 2023, with a focus on the company’s financial performance and cash management strategies. The research primarily employs ratio analysis to evaluate profitability, liquidity, and operational efficiency. Additionally, the study applies the Baumol Model for optimal cash management, addressing the firm's cash conversion cycle, opportunity costs, and transaction costs. The results reveal critical insights into SAPS's fiscal health, suggesting that while the company demonstrates robust profitability, it can further optimize its liquidity management. Recommendations include revising cash management practices and employing more effective marketable securities strategies to enhance liquidity. Keywords: Financial Analysis, Solara Active Pharma Sciences, Ratio Analysis, Baumol Model, Cash Management, Liquidity, Profitability.
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Nasimiyu, Annrita Esther. "Cashflow Management Practices and Financial Performance of Small and Medium Business Enterprises in Kenya." African Journal of Commercial Studies 4, no. 3 (2024): 252–63. http://dx.doi.org/10.59413/ajocs/v4.i3.7.
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This comprehensive review examines cash management and its impact on the financial performance of Small and Medium Enterprises (SMEs). The review covers theories, practices, and empirical evidence, providing insights into financial management strategies. Theoretical perspectives include the Dynamic Trade-Off Theory and the Free Cash Flow Theory, which shed light on the implications for SMEs' financial management strategies. Empirical evidence underscores the importance of cash accountability, internal controls, cash policy, cash budgeting, and financial performance metrics like profitability, liquidity, and solvency. Effective cash management is crucial for SMEs as it enables growth, optimizes investments, enhances profitability, and ensures financial stability. This synthesis offers valuable insights for policymakers, practitioners, and academics seeking to understand and enhance SMEs' financial performance through sound cash management practices.
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Zaremba, Adam. "Country selection strategies based on quality." Managerial Finance 41, no. 12 (2015): 1336–56. http://dx.doi.org/10.1108/mf-03-2015-0082.
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Purpose – The purpose of this paper is to examine country-level parallels of the stock-level anomalies related to quality, i.e. profitability, leverage, liquidity, accruals, payout and turnover. Design/methodology/approach – The study uses sorting and cross-sectional tests within a sample of 77 countries over the period of 1999-2014. Findings – Markets populated with low-leveraged and cash-rich companies significantly outperform highly leveraged and cash-poor markets, respectively. The both cross-sectional patterns are stronger across small markets than across large ones. Furthermore, additional sorts on leverage and profitability markedly improve performance of cross-national value strategies. Finally, markets with companies with high-cash holdings earn additional premium in times of tight liquidity conditions. Practical implications – Considering the diminishing benefits of international diversification in recent decades, investors should consider the country-level quality strategies in a strategic asset allocation, and not to postpone them to a later stage of the investment process. Furthermore, investments in cash-rich markets provide a hedge against liquidity distress. Originality/value – The first study to comprehensively examine country-level quality effects across global stock markets.
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Ma, Hee Young, and Sung Jong Park. "Relationship between Corporate Sustainability Management and Sustainable Tax Strategies." Sustainability 13, no. 13 (2021): 7429. http://dx.doi.org/10.3390/su13137429.
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This study analyzed the relationship between the environmental, social, and governance (ESG) assessment results of the Korea Corporate Governance Service, which evaluates the sustainability management levels of Korean companies and the variability in the five-year cash effective tax rates, a proxy for sustainable tax strategies. Corporate sustainability management allows the continuation of businesses that consider environmental protection, social contribution, and ethical management, as well as short-term financial performance. We expect these companies to prioritize sustainable tax strategies that ensure the long-term maintenance of the tax strategy results. Using a sample of firms listed in the Korean securities market during the 2011–2017 period, we adopted a two-way clustered regression model by a firm and year and established a research model with reference to previous studies and tax strategies. We found a significant negative association between excellent ESG ratings and the variability of cash effective tax rates, as well as between the implementation of ESG assessments and the variability of cash effective tax rates. This result indicates that companies with excellent corporate sustainability management strengthen their sustainable tax strategies and that companies become more interested in sustainable tax strategies after implementing ESG assessments. This study sheds light on the relationship between corporate sustainability management and sustainable tax strategies, helping improve our understanding of the impact of corporate sustainability management on sustainable tax strategies.
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Bilal, Kimouche. "Accrual-based and cash-based earnings management in Algeria: substitution or complementary." Croatian Review of Economic, Business and Social Statistics 8, no. 1 (2022): 1–17. http://dx.doi.org/10.2478/crebss-2022-0001.
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Abstract Managers are often employed many alternatives for earnings management following their objectives or the financial reporting objectives; the commonly used are the accrual-based and cash-based earnings management. The literature reveals that managers adopt the two strategies in different ways, suggesting a mixed relationship between them. Hence, this study investigates the relationship between the two strategies of earnings management in Algeria, whether it is a substitute or complementary. The study included 30 Algerian companies during 2011-2019, so a total of 270 firm-year observations were employed. Accrual-based earnings management was measured through the modified-Jones model, while cash-based earnings management was measured through the abnormal cash flows model. According to the results, Algerian companies engage more in accrual-based earnings management and employ the two strategies as substitutes, which explains the strong and negative effect of accrual-based on cash-based earnings management. We argue that companies engage first in accrual-based earnings management, and then they shift towards cash-based earnings management due to auditors’ scrutiny. Furthermore, we found a positive and a medium effect of return on equity on cash-based earnings management, which reflects the managers’ desire to adjust operating cash flows consistent with the reported earnings. Finally, the results indicated that company ownership, company listing, and the nature of financial statements do not affect cash-based earnings management.
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Bereżnicka, Joanna. "WORKING CAPITAL MANAGEMENT STRATEGIES OF FAMILY FARMS IN POLAND." Roczniki Naukowe Ekonomii Rolnictwa i Rozwoju Obszarów Wiejskich 100, no. 4 (2013): 25–33. http://dx.doi.org/10.22630/rnr.2013.100.4.48.
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The aim of this work was to define the working capital management strategies in two types of farms: dairy and arable. These groups of farms were taken from the FADN database. The same farms were investigated in the years 2004-2011. The share of circulating assets and current liability indicators in total assets, cash flow indicators and the share of liquid assets in circulating assets were used to define the strategies. Due to family farms having one “cash till” monetary means transferred to the family farm were used to calculate the share of liquid assets in circulating assets. The research confirmed that Polish family farms use a conservative asset management approach. This was proven by liquidity indicators and the high share of monetary means in assets. Farmers were also conservative in their approach toward short-term debt.
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Chima, Onyeka Kelvin, Sandra Orobosa Ikponmwoba, Onyinye Jacqueline Ezeilo, Benjamin Monday Ojonugwa, and Michael Olumuyiwa Adesuyi. "Advances in Cash Liquidity Optimization and Cross-Border Treasury Strategy in Sub-Saharan Energy Firms." Journal of Frontiers in Multidisciplinary Research 1, no. 1 (2020): 44–56. https://doi.org/10.54660/.ijfmr.2020.1.1.44-56.
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Effective cash liquidity optimization and cross-border treasury strategy are critical for energy firms operating in Sub-Saharan Africa, where unique challenges such as political instability, currency volatility, and limited financial infrastructure pose significant risks. This paper explores the latest advances in liquidity management and treasury strategies employed by energy firms in the region, with a focus on how innovative approaches can address these challenges. Cash liquidity optimization techniques, such as cash forecasting, liquidity planning, and cash concentration, are examined, along with the role of digital platforms and financial technologies in improving cash flow management. The paper also delves into cross-border treasury strategies, highlighting the importance of currency risk management, efficient cash management structures, and the impact of local regulations on treasury decisions. Key strategies for navigating cross-border complexities, including hedging instruments, centralized treasury models, and the use of multi-currency accounts, are discussed in the context of the region’s financial ecosystem. The paper also identifies the role of emerging technologies, such as blockchain, artificial intelligence, and machine learning, in enhancing treasury operations and liquidity management in the energy sector. Furthermore, it addresses institutional, regulatory, and infrastructural barriers that hinder effective treasury management, offering practical insights into overcoming these obstacles. Through case studies and examples from Sub-Saharan energy firms, this paper provides a comprehensive overview of best practices in cash liquidity optimization and cross-border treasury strategy, offering recommendations for energy firms and policymakers to improve financial stability, optimize cash flows, and manage cross-border risks. Ultimately, the findings emphasize the growing importance of advanced treasury practices for Sub-Saharan energy firms to remain competitive in a dynamic and volatile market.
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Raj, Mahi. "Effective Management Strategies for Small Businesses." Journal of Management and Administration Provision 2, no. 1 (2022): 9–14. http://dx.doi.org/10.55885/jmap.v2i1.222.
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In this paper, we investigate what makes for good administration of small businesses. While small businesses play an important role, they frequently encounter difficulties in areas such as talent acquisition and retention, cash flow management, technology adoption, meeting regulatory requirements, and achieving a sustainable level of growth. This study analyzes these essential management techniques and offers advice based on the latest findings and industry standards. In light of these findings, it seems reasonable to assume that small businesses which place a premium on and successfully implement these management strategies will have a greater chance of long-term success and growth. Success and positive social and community effect are more likely for small companies that take a proactive management approach and keep up with industry trends and best practices.
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Bukh, Per Nikolaj D., and Niels Peter Mols. "European Customers' Choice of Cash Management Bank and Bank Strategies." Journal of Euromarketing 7, no. 3 (1999): 27–41. http://dx.doi.org/10.1300/j037v07n03_02.
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PRIYA, MOHANA. "A STUDY ON CASH MANAGEMENT AT TIFSCO PVT LTD.,." INTERANTIONAL JOURNAL OF SCIENTIFIC RESEARCH IN ENGINEERING AND MANAGEMENT 08, no. 04 (2024): 1–5. http://dx.doi.org/10.55041/ijsrem31705.
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Cash, the undeniable lifeblood of any business, underpins its daily operations, future growth, and overall financial health. Effective cash management practices ensure a company's ability to meet its financial obligations, seize opportunities, and navigate economic uncertainties. This research project delves into the multifaceted world of cash management, analyzing its core principles, exploring its objectives, and evaluating its impact on a company's success. At its core, cash management strives to strike a delicate balance between maintaining adequate liquidity and maximizing profitability. Holding excessive cash reserves ensures smooth operations and the ability to meet short-term liabilities. However, this idle cash represents lost earning potential. Conversely, holding insufficient cash reserves can lead to missed opportunities, payment delays, and potential financial distress. Understanding the factors that influence this balance is crucial for developing effective cash management strategies. Financial theory has identified several key motives for holding cash, each with its own implications for management. The transaction motive necessitates maintaining a cash buCash management, though seemingly straightforward, is a complex and critical function for businesses of all sizes. By understanding the motives for holding cash, aligning objectives with strategies, and utilizing innovative tools, companies can optimize their cash flow and unlock new avenues for growth and success. This research project aims to contribute to a deeper understanding of cash management and its role in driving overall financial well-being.ffer to meet daily operational needs. The precautionary motive focuses on holding cash reserves to mitigate unforeseen events or fluctuations in cash inflows. Finally, the speculative motive involves strategic cash holdings to take advantage of profitable investment opportunities. Analyzing a company's specific industry, risk profile, and growth objectives allows for a tailored approach to balancing these motives. Effective cash management prioritizes several key objectives. Maximizing liquidity ensures the ability to meet current obligations without disruption. Optimizing cash balances minimizes idle cash reserves, thereby maximizing potential returns from alternative investments. Accelerating collections through efficient receivables management ensures timely inflows of cash. Streamlining payments by optimizing disbursement processes reduces unnecessary costs and ensures efficient cash utilization. Finally, forecasting cash flows with accuracy allows for proactive planning and mitigates the risk of shortfalls. Strong cash management practices significantly contribute to a company's financial performance. Improved liquidity fosters business continuity and financial stability. Efficient cash utilization reduces dependence on external financing and improves profitability. Additionally, proactive cash flow management allows companies to capitalize on advantageous investment opportunities, further enhancing shareholder value. This research project will explore cash management practices in detail. It will examine various techniques for forecasting cash flows, managing receivables and payables, and optimizing short-term investments. The study will also delve into the impact of technological advancements on cash management practices. Additionally, the research will analyze the effectiveness of cash management strategies across different industries and company sizes.
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Tumukunde, Alex, Asuma Jonathan, Alele Dilis, Nabwire Bridget, and Iriama Nora. "The Dual Dance: Strategies for Success in Profit and Cash Flow Management." International Journal of Current Science Research and Review 07, no. 01 (2024): 801–3. https://doi.org/10.5281/zenodo.10597723.
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Abstract : This comprehensive guide delves into the intricate dynamics of managing profit and cash flow, offering financial managers a strategic roadmap for achieving a delicate balance. Beginning with an exploration of the symbiotic relationships between profit and cash flow, the guide provides insights into common misconceptions and pitfalls that can hinder success. Practical strategies, including working capital management, efficient inventory controls, and rigorous cost management, are meticulously outlined to empower managers in their quest for financial equilibrium. The guide advocates for the integration of cutting-edge tools and technologies, emphasizing the importance of financial forecasting, cash flow projections, and the adoption of accounting software. Moreover, it underscores the significance of balancing long-term and short-term goals, building resilience in economic downturns, and addressing regulatory compliance and financial risk management. Continuous monitoring and adaptation, facilitated through the implementation of Key Performance Indicators and regular financial health checks, are highlighted as essential practices for sustained success. In conclusion, the guide serves as a compass, guiding financial managers through the dynamic landscape of profit and cash flow, transforming challenges into opportunities for enduring prosperity.
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Mandigma, Arline A., Jhona Mae A. Guico, Jinky C. Mas, Jamelle A. Ramirez, Ivan C. Suarez, and Robert John R. Perez. "The cash flow activities and budgeting process of selected microbusinesses in Batangas City: Basis for budgeting strategies." SDCA Asia-Pacific Multidisciplinary Research Journal 5, no. 2 (2023): 34–43. https://doi.org/10.5281/zenodo.8253916.
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Micro, small, and medium enterprises (MSMEs) are recognized as the Philippines' economic lifeblood, which must prioritize financial planning by considering a budget a tool for efficient financial planning and management. Thus, researchers were prompted to determine microbusinesses' cash flow activities and budgeting processes in Batangas City to develop budgeting strategies. The descriptive-quantitative research approach was used, and self-constructed questionnaires were responded to by 204 microbusinesses consisting of 14 bakeries and 190 sari-sari stores. Findings revealed that most microbusinesses in Batangas City have no employees and have been operating for about five years and below, with capitalization amounting to P500,000 and below. Microbusinesses often practiced cash flow activities such as operating and investing activities and practiced financing activities sometimes. The budgeting process of microbusinesses, including budget preparation, budget approval, and budget evaluation, were slightly practiced, and budget execution was the one that needed to be practiced. There is a significant relationship between microbusinesses' cash flow activities and budgeting. In operating activity, budget preparation, budget approval, budget execution, and budget evaluation are associated with this positively. When grouped according to profile, cash flow activities, such as operating and investing activities, had a significant difference, while financing activities had none. When grouped according to the number of employees in the budgeting process, there is no significant difference except in budget approval. When grouped according to years of operation, the budgeting process is the same except in budget evaluation. However, there is no significant difference in all phases of the budgeting process when grouped according to capitalization. The budgeting strategies aim to develop microbusinesses' cash flow activities and budgeting process. The researchers are motivated to develop budgeting strategies to help microbusiness owners be knowledgeable and educated on the budgeting process and cash flow activities.
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Neyhard, James, Loren Tauer, and Brent Gloy. "Analysis of Price Risk Management Strategies in Dairy Farming Using Whole-Farm Simulations." Journal of Agricultural and Applied Economics 45, no. 2 (2013): 313–27. http://dx.doi.org/10.1017/s1074070800004764.
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Combinations of futures and options contracts on milk and feed were simulated to determine their influence on a representative dairy farm's ability to meet cash flow requirements and reduce the variance of net income. Compared with the reference scenario of selling milk and procuring inputs on a monthly cash basis, the risk management activities did not result in a significant change in either the level or variance of net farm income. The results suggest that on average the current marketing procedure of monthly cash milk pricing and monthly feed purchases (and pricing) produces a strong built-in natural hedge for dairy farmers.
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Norung, Muhammad Hazim Muhamad, Shahreen Kasim, and Defni. "Application For Petty Cash Management." International Journal of Advanced Science Computing and Engineering 2, no. 3 (2020): 97–107. http://dx.doi.org/10.62527/ijasce.2.3.102.
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Some people currently face into traps of dept and overspending without even realizing it. The feeling of never having enough cash or living paycheck to paycheck can lead serious final problems that can lead into financial difficulties over a lifetime. This study aims to determine how application can manage the financial problems. Specifically, it manages on how you spend your money and get the overview about it. In this application, it uses financial skills such as budgeting, saving and spending. It refers to the strategies technique to determine the use of an individual. To achieve a better understanding on the money management, a report is created to see the whole month transaction such as saving and spending. The report will show the total amount of money spent and where the money is going. You will understand your expenses with the report and create a budget for future expenses. By having good financial skills, you can have a strategy on how you want to manage your money. Creating and sticking to a budget might seem tough to achieve but it helps us to see full transparency our financial situation.
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CPA, Samson Chacha Megewa. "Effects of Reduced Cash Flows on Cash Management for Tourism Companies During COVID-19 Pandemic in Kilimanjaro Region, Tanzania." Indian Journal of Economics and Finance (IJEF) 4, no. 2 (2024): 42–50. https://doi.org/10.54105/ijef.B2594.04021124.
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<strong>Abstract: </strong>The COVID-19 pandemic affected businesses and organizations in their daily operations. Tourism businesses were the most affected, especially in countries whose economies are dependent on the tourism sector. This study sought to assess the effects of reduced cash flows during the COVID-19 Pandemic on cash management as part of the working capital management practices of the tourism companies in the Kilimanjaro region of Tanzania. The study was informed by the Cash conversion cycle (CCC)theory. The population for the study was 67 staff membersof the selected three companies (Zara Tours, Asante Tours, andMonkey Adventures) under investigation in the finance andprocuring departments. The study used a sample of 67 respondentsdetermined by census techniques as the population was small,commanding the entire population to be a sample size. Bothquantitative and qualitative data were collected. Tool validity wasensured using content validity, the literature related to cash flowmanagement, and a discussion with the research supervisor.Reliability was tested using the Cronbach alpha coefficient, wherea value of 0.733 was obtained. Data were collected using astructured questionnaire and key informant interview guide.Descriptive statistics and inferential statistics were both used fordata analysis. The study found that changes in cash flows affectedcash management for the three tour companies in the study area,which were statistically significant at p-values less than 0.05.Specifically, the findings show that the effects of the COVID-19pandemic such as reduced cash flows complicated cashmanagement in the operations. It is concluded that reduced cashflows during the pandemic were disrupted, resulting in cashmanagement difficulties. It is recommended that; tourismcompanies enhance their supply cost management strategies aswell as maintain healthy cash management.
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Sam, Mohd Fazli Mohd, Albert Feisal@Muhd Feisal Ismail, Mohd Syafiq Md Taib, Siti Nur Aisyah Alias, Nurul Hasyimah Mohamed, and Nadia Nila Sari. "Micro-Entrepreneurs Strategies to Revitalise Firm Performance amid Economic Uncertainty." International Journal of Research and Innovation in Social Science IX, no. I (2025): 4647–56. https://doi.org/10.47772/ijriss.2025.9010358.
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Micro and small enterprises in the entrepreneurial sector are essential to the process of economic growth in both developed and developing nations. However, microenterprise is more vulnerable to the current economic climate and uncertainties because they are young and have fewer liabilities. From 2017 to 2021, micro entrepreneurs in Malaysia faced various challenges due to economic uncertainty which were political uncertainty, trade policy uncertainty, exchange rate uncertainty, and the COVID-19 pandemic. They should be able to adapt and implement effective strategies to be better positioned to succeed and grow their businesses. The purpose of this study is to investigate the micro entrepreneur strategies to revitalise business performance in the face of economic uncertainty. The key micro entrepreneur strategies chosen for this study include supply chain management, cash flow management, digital marketing, diversification, and risk management. 5 micro entrepreneurs have been interviewed to get the results. By using MAXQDA software, the researcher can identify the relationship between micro entrepreneur strategies and business performance. In this study, will use a descriptive research design and a qualitative methodology. The research strategy for the study is through the interview. Based on the MAXQDA result, Respondent A, B, D, and E has utilised all five key micro entrepreneur strategies which are supply chain management, cash flow management, digital marketing, diversification, and risk management to revitalise their business performance in the face of economic uncertainty. According to the data analysis, all the variables are significant towards business performance, and the result is that supply chain management, cash flow management, and diversification are the most influencing strategies that influence business performance. However, Respondent C has utilised three key micro entrepreneur strategies which are supply chain management, cash flow management, and diversification to revitalise their business performance in the face of economic uncertainty. Given this, government and micro entrepreneurs recommend considering all five key micro entrepreneur strategies for promoting a culture of innovation and resilience within the small business community and for nurturing a culture of continuous improvement and adaptation for their business.
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Ismiatun, Haniffah, and Tutut Dewi Astuti. "Strategi Peningkatan Penjualan dan Pengelolaan Kas Kecil di Apotek Stepa Imogiri." Jurnal Pengabdian Masyarakat Nusantara (JPMN) 5, no. 1 (2025): 32–37. https://doi.org/10.35870/jpmn.v5i1.3777.
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With the right and creative strategy, pharmacy sales can increase. Two important elements are discussed: methods to increase sales and petty cash management. Pharmacies can increase sales in various ways by utilizing digital technology, offering discounts, and loyalty programs to encourage repeat purchases. Efficient petty cash management can facilitate cash flow management. Through staff training on petty cash management, its optimal use can be ensured. With the integration of sales enhancement strategies and effective petty cash management, profitability can be increased and good service can be provided to customers, thereby enabling competitiveness.
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Prasetya, Prita, Angie Trixie, Francisco Redi Wijaya, et al. "Business management strategies for MSMEs Melati Cake's." Priviet Social Sciences Journal 3, no. 4 (2023): 1–4. http://dx.doi.org/10.55942/pssj.v3i4.225.
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Micro, Small, and Medium Enterprises (MSMEs) are essential in employing the community to improve the economy and productivity. Kuningan Village is a village whose residents run many MSME businesses. Partners still need help improving their business development, especially in operational, digital marketing, and financial aspects. Universitas Prasetiya Mulya has supported groups in the Community Development program to assist partners in developing their businesses. The group has re-branded logo packaging and provided education on digital marketing to reach potential customers on a larger scale. Second, improvements have been made to cash flow recording so that all financial flows are more controlled. Third, equipment purchases, business licensing realization, and SOP implementation have been done. With group assistance, partners have succeeded in increasing sales profits, increasing awareness of potential customers, increasing productivity, and making partners adaptable to technological developments.
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Yuan, Leihong, Mohamad Naimi Mohamad Nor, and Dzarfan bin Abdul Kadir. "Analysis of the Impact of CEO Power and Internal Control Synergy on Cash Holdings: Structural Equation Model and Path Analysis." International Journal of Religion 5, no. 10 (2024): 3080–92. http://dx.doi.org/10.61707/xf6hen45.
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CEO power refers to a chief executive officer's (CEO) internal authority and influence. Making vital industry choices, deciding on the company's direction, administrating other supervisory, and monitoring development strategies are all part of the CEO's influence. The study aims to examine the relationship between CEO authority and cash holding. In this investigation, we gathered monetary data. Through data compilation, the study could utilize SEM-PLS to examine how CEO power and interior management synergy, two independent factors, impact cash holdings' dependent factors. The outcomes show that CEO power influence has a substantial consequence on money holdings, with more influential CEOs often gathering better cash treasury. Efficient interior controls, on the other hand, can either decrease or enlarge the CEO's influence in this association. Cash holdings were indirectly impacted by CEO power through financial regulations and investment possibilities. This suggests that strong CEOs can chase more insistent speculation strategies while adopting traditional monetary strategies, which consequences in better cash funds. The study also exposed a communication crash between interior management synergy and CEO power, highlighting that robust internal control can lessen influential CEOs' tendency to gather large cash funds, resulting in supplementary efficient cash management measures within businesses.
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Omoruyi, Ugowe Samson, Taofiq Olasunkanmi Yusuff, Naeem Dayo Ilias, Bioluwatife Oluwaferanmi Oke, Keneng Zi Bot, and Michael Ayotunde Oladele. "Cash Management and Its Impact on Manufacturing Industry Profitability: a Case Study of PZ Industries Plc." Path of Science 11, no. 5 (2025): 1015. https://doi.org/10.22178/pos.117-27.
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This study examines the impact of cash management on enhancing profitability within Nigeria's manufacturing sector, utilising PZ Industries Plc as a case study. Employing a survey-based descriptive and exploratory research design, primary data were collected from finance, treasury, and accounting personnel through structured questionnaires, resulting in 40 valid responses out of 50 distributed, which yielded an 80% response rate. Statistical analysis, including frequency distributions and chi-square tests, revealed strong associations between cash management practices and profitability outcomes. Specifically, the chi-square test results showed that cash management has a significant impact on profitability (X² = 32.4, p < 0.001) and that liquidity also has a substantial effect (X² = 10.0, p < 0.001). The findings confirm that effective cash control, liquidity planning, and internal cash flow synchronisation are essential for financial stability and improved organisational performance. The study concludes that robust cash management strategies are critical to sustaining profitability and operational efficiency in the manufacturing industry.
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Egiyi, Modesta Amaka. "Financial Management in Startups: Analysing Unique Accounting Challenges and Strategies." Contemporary Journal of Management 5, no. 4 (2023): 64–80. https://doi.org/10.5281/zenodo.10440639.
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<em>This study explores the realm of financial management within startups, dissecting their distinct challenges, strategies, and future trends. The research addresses accounting complexities arising from limited resources, cash flow volatility, historical data gaps, valuation intricacies, and equity-based compensation reporting. It emphasizes the role of agile financial planning, technology integration, and transparent investor relations in effectively managing these challenges. Real-world case studies of Airbnb, Uber, and Slack offer practical insights into the strategies employed by startups. The study examines the evolving landscape of accounting standards, the integration of blockchain and cryptocurrencies, and the predictive potential of data analytics in financial management. It advocates for ongoing research to align financial practices with the dynamic nature of startups, encompassing technological advancements and regulatory shifts. This research provides a comprehensive overview of the intricate world of startup financial management. It underscores the necessity of tailored strategies, forward-looking approaches, and collaborative efforts between startups and financial professionals to drive sustainable growth and success in the ever-evolving startup ecosystem.</em>
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Edomobi, Nonye, Ofoegbulam Thaddeus Ebiringa (Prof), and Uzoamaka Gloria Chris-Ejiogu. "WORKING CAPITAL MANAGEMENT STRATEGIES OF NIGERIAN MANUFACTURING FIRMS AND THE EFFECTS ON CORPORATE PERFORMANCE." Journal of Advance Research in Business, Management and Accounting (ISSN: 2456-3544) 9, no. 11 (2024): 18–32. http://dx.doi.org/10.61841/2veg5n58.
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The study examined the working capital management strategies of Nigerian Manufacturing Firms and effect on Corporate Performance. Working capital management was decomposed into five variables being account receivable management (ARM), account payable management (APM), inventory management (INVM), cash conversion cycle (CCC) and cash conversion efficiency (CCE) which serve as the explanatory variables of the study while Corporate Performance was proxied by Return on Assets (ROA). The data for the study were collected from the Financial Statement and Annual Accounts of the selected firms covering a data panel framework of 20 years period (2000 to 2020) and nine (9) firms specifically were selected. The analysis was based on the ARDL regression technique was used to estimate the regression model while the probability values of the ARDL regression estimates were used to test the hypotheses at 0.05 level of significance. The result showed that: Account receivable management strategy have long run and no short run effect on return on asset of quoted manufacturing firms in Nigeria; Account payable management strategy have long run and no short run effect on return on asset of quoted manufacturing firms in Nigeria; Inventory management strategy have long and short run effect on return on asset of quoted manufacturing firms in Nigeria; Cash conversion cycle strategy have long and short run effect on return on asset of quoted manufacturing firms in Nigeria; and Cash conversion efficiency strategy have no long and short run effect on return on asset of quoted manufacturing firms in Nigeria. Further analysis revealed that account receivable, account payable inventory management and cash conversion efficiency had causal effects on return on assets. However, there is no causal relationship between cash conversion cycle strategy and return on asset of quoted manufacturing firms in Nigeria. The study thus concluded that working capital management strategies have significant effect on the financial performance of firms, and that the degree of effect differs by period, type of strategy and financial performance indicator. It was recommended among others that management of firms should firms increase the supplies to customers and allow credit to its customers, and firms should also explore the use of short-term credit in financing their business. The study contributed to knowledge by employing long run panel technique in investigating the working capital and firm performance nexus in Nigeria.
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Koliesnichenko, Anastasiia S., and Haojie Shen. "Essence of the Company’s Current Assets, Strategies for Financing." Business Inform 12, no. 551 (2023): 305–11. http://dx.doi.org/10.32983/2222-4459-2023-12-305-311.
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The article focuses on the present-day economic situation, which is characterized by instability and high dynamism of the external environment, mainly affecting the formation and use of assets by companies. General approaches to the allocation of the essence of circulating assets have been formed. In this context, their interpretation, main groups and characteristics are considered. It is determined that the essence of current assets is expressed through the relationships between the following groups of indicators: inventories and return on assets, accounts receivable and return on assets, as well as relations between cash together with cash equivalents and return on assets. On this basis, a structural and logical scheme of the policy of managing the current assets of the company has been built. This allowed to define that the policy of management of current assets of enterprise is a multiaspectual process that concerns the main directions of the policy of formation and financing of current assets. It is substantiated that the policy of managing current assets should ensure a compromise between the risk of liquidity loss and profitability. Three strategies for financing current assets are considered. A conservative strategy for managing current assets can correspond to a moderate or conservative type of current liability management policy, but not to an aggressive one. Any type of current liability management policy can be matched by a moderate current asset management policy. An aggressive current asset management strategy can be consistent with an aggressive or moderate current liability management policy, but not a conservative one. Understanding all the advantages and disadvantages of the strategies for financing current assets allows the company to improve production capabilities, financial position, work with certain types of current assets and ensure the dynamic growth of the company in the strategic perspective.
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Ashfahany, Afief El, and Novita Lestari. "Optimizing Cash Waqf and Cash Waqf Linked Sukuk : The Role of Nazhir and The Strategies." IQTISHADIA 15, no. 2 (2023): 171. http://dx.doi.org/10.21043/iqtishadia.v15i2.16353.
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<p>This study aims to explore the role and strategy of Nazhir in optimizing the management of cash waqf and cash waqf linked Sukuk (CWLS) yields. The method of the study is field research with a qualitative descriptive approach. The data was obtained through an in-depth interview with key persons from the Central Java Muhammadiyah (PWM Central Java) Waqf and Assets Council, the Nahdlatul Ulama Amil Zakat Institute (LAZISNU), and the Baitulmaal Muamalat. The results of this study emphasize the critical role of Nazhir in managing cash waqf and CWLS yield funds to be distributed to Mauquf 'Alaih. The management of cash waqf by the Central Java Muhammadiyah Waqf and Treasurer Council is carried out in the productive business sector, such as rental equipment, farm investment, and integrated farms in Wonolopo Central Java. Meanwhile, apart from effective businesses, LAZISNU and Baitulmaal Muamalat manage Cash Waqf through the CWLS scheme. The cash waqf yields from the three institutions were channeled to the fields of education, economy, and health. Especially for the CWLS scheme, with the great potential that the combination of cash waqf and Sukuk can be more optimally used as an instrument of financing sources to increase the welfare of people in need, especially during the pandemic.</p>
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Sheralyn, Delas Nieves, Gino H. Crillanes Sherwin, Cullat Lovely, Belgado Geryliza, Templado Amerlyn, and D. Benegas Myra. "Impact of cash flow management on the financial performance of micro and small pharmaceutical businesses in Naga City." GPH-International Journal of Business Management 8, no. 01 (2025): 167–96. https://doi.org/10.5281/zenodo.14629983.
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Cash flow management practices significantly influence the financial performance of Micro and Small Enterprises (MSEs). This research investigates the impact of cash flow management on the financial performance of micro and small enterprises (MSEs) in Naga City. It examines the relationship between effective cash flow management practices (operating, financing and investing) and key financial performance indicators (such as Sales generation, disbursement control and collection of receivables) among MSEs in the city. The study aims to determine the extent to which improved cash flow management contributes to enhanced financial performance of the business. Using a descriptive correlational design, the researchers conducted data gathering through surveys and interviews with 30 respondents, 21 Micro Enterprise and 9 Small Enterprise Pharmacies in Naga City which made us come up with our P-H-A-R-M-A R-E-A-D-Y, a combined approach model that highlights business strategies and concept that not only focuses in financial planning context but also with the integration of disaster preparedness.
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Sumartan, Sumartan, and Suriadi Suriadi. "Strategic Management: Financial Planning and Fund Management for MSMEs." MAR-Ekonomi: Jurnal Manajemen, Akuntansi Dan Rumpun Ilmu Ekonomi 2, no. 2 (2024): 147–53. https://doi.org/10.58471/mar-ekonomi.v2i2.380.
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Micro, Small, and Medium Enterprises (MSMEs) play a vital role in both the global and local economies by contributing to job creation and innovation. However, MSMEs often face challenges in financial management, including access to financing and cost control. This study examines the importance of strategic financial management for MSMEs, including financial planning, cash flow management, and investment diversification. A qualitative approach is used to explore effective strategies in fund management and identify the challenges faced. The research findings indicate that good financial planning, wise fund management, and investment diversification are key strategies for enhancing MSME competitiveness and sustainability. Practical recommendations are developed to assist MSMEs in achieving their financial goals.
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Surya, Sai Ram Parimi. "Utilizing Machine Learning to Enhance Cash Flow Management in SAP Finance." International Journal of Innovative Research in Engineering & Multidisciplinary Physical Sciences 12, no. 2 (2024): 1–8. https://doi.org/10.5281/zenodo.12805591.
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Effective cash flow management is critical for organizational stability and growth, particularly within SAP Finance systems, where accurate forecasting and efficient resource allocation are paramount. This survey explores the application of machine learning techniques to enhance cash flow management in SAP Finance. Machine learning offers capabilities such as predictive modeling, anomaly detection, and opti-mization algorithms that enable organizations to improve cash flow forecasting accuracy, detect financial anomalies proactively, and optimize cash allocation strategies. However, integrating machine learning into SAP Finance presents challenges including data integration complexities, model interpretability is-sues, and regulatory compliance concerns. This paper reviews current literature, identifies key challenges, and discusses operational considerations for successful implementation. Future research directions in-clude enhancing model interpretability, integrating real-time data processing capabilities, and advancing resilient risk management strategies. By leveraging machine learning, organizations can navigate financial complexities more effectively, drive operational efficiency, and achieve sustainable financial perfor-mance in SAP Finance environments.
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Chen, Ke. "Research on Cash Flow Management of Chinese Textile Export Enterprises under the Impact of the Epidemic." Academic Journal of Management and Social Sciences 2, no. 2 (2023): 17–19. http://dx.doi.org/10.54097/ajmss.v2i2.7217.
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Under the impact of the epidemic in 2020, many export enterprises faced the risk of bankruptcy due to poor cash flow management capabilities. Taking textile enterprises as an example, this paper discusses the cash flow management of Chinese export enterprises under the impact of the COVID-19. Firstly, it introduces the significant significance of cash flow for export enterprises, then analyzes the cash flow difficulties faced by Chinese export enterprises under the impact of the epidemic, and finally proposes strategies for cash management of export enterprises in the post epidemic era.
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Nukpezah, Julius A., and Sawsan Abutabenjeh. "Institutional isomorphism and cash management practices in Mississippi." Journal of Public Budgeting, Accounting & Financial Management 30, no. 3 (2018): 315–34. http://dx.doi.org/10.1108/jpbafm-02-2018-0005.
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Purpose The purpose of this paper is to draw on the theory of institutional isomorphism to investigate how Mississippi’s centralized cash management policy affects the cash management practices in the state’s rural and urban counties. Design/methodology/approach The study uses a sequential exploratory mixed methods design involving a qualitative documentary analysis and a quantitative analysis of a survey of Mississippi counties. Findings The study finds that institutional isomorphism drives cash management practices in the counties by influencing how they follow state and agency mandates. Moreover, while urban counties have superior socio-economic indicators compared to their rural counterparts, no differences exist regarding standardized financial indicators, which suggest that local governments in the state may be imitating the practices of one another. Practical implications First, states should consider the different financial and economic conditions of their local governments when prescribing cash management policies because uniform policies could stifle local innovation and reduce efficiency in cash management. Second, when there is pressure from a higher-level government or a state agency, local governments may end up imitating one another rather than exploring opportunities for innovation within state policies. Third, state policies should consider requiring education and training in cash management practices that help identify strategies to add value to public funds within the scope of local fiscal capabilities. Originality/value The study uses one state to investigate a unique case of centralized cash management practices. The lessons learned can apply to other states seeking to develop a policy for their small local governments without placing the larger ones at a disadvantage.
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Wang, Dalin. "Research on the Importance of Enterprise Cash Flow Management." Asia Pacific Economic and Management Review 1, no. 6 (2024): 21–27. https://doi.org/10.62177/apemr.v1i6.82.
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The management of cash flow in the Enterprise is a critical component of enterprise financial management, which plays a very important role in the survival, development, and financial stability of enterprises. This paper systematically reviewed the theoretical basis and research status of cash flow management based on existing literature, analyzed the important role cash flow plays in enterprise operation, investment, and financing activities, and indicated that while cash flow affects the profitability of enterprises, it is also directly related to the debt-settling ability and the risk control level of enterprises. Thus, in sorting out the main problems and challenges faced by enterprises in cash flow management, a series of optimization strategies are proposed in this paper: to strengthen cash flow forecast and planning management, to balance operating and investment cash flow reasonably, and to improve the ability of enterprises to cope with external risks. Finally, this thesis makes an overall summary of the importance of enterprise cash flow management and puts forward further suggestions on future research.
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Fahmi Fauzi, Aida Ulviani Nst, Layyinatus Shifah, and Sugianto Sugianto. "Perencanaan Keuangan untuk Mengurangi Risiko Kebangkrutan : Pentingnya Pengelolaan Keuangan, Pencatatan yang Baik, dan Strategi Pengelolaan Arus Kas." Harmoni Sosial : Jurnal Pengabdian dan Solidaritas Masyarakat 2, no. 1 (2025): 76–84. https://doi.org/10.62383/harmoni.v2i1.1099.
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Bankruptcy is one of the main threats to business sustainability, especially for micro, small, and medium enterprises (MSMEs). This article explores the importance of financial planning, accurate record-keeping, and cash flow management strategies to mitigate bankruptcy risks, focusing on a case study of Rumah Makan Fajar Jeumpa. The findings reveal that irregular transaction recording, ineffective cash flow management, and the absence of structured financial strategies are key factors contributing to financial vulnerability. By implementing simple financial record-keeping systems, creating budget projections, and diversifying income sources, MSMEs can enhance operational stability and reduce financial risks. These findings emphasize that comprehensive financial planning, supported by adequate financial literacy, is crucial in ensuring business sustainability and fostering MSME growth.
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Raghavalu Ramella. "A Critical Evaluation of Working Capital Management Strategies and Profitability." Journal of Information Systems Engineering and Management 10, no. 3 (2025): 50–59. https://doi.org/10.52783/jisem.v10i3.3588.
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The well-implemented working capital management strategies enhance profitability through various transmission mechanisms. On these theoretical grounds, this study analyses the association between working capital strategies and profitability in selected public limited companies in Trinidad and Tobago. We apply widely accepted gauges of working capital management strategies, including the average inventory turnover period, average receivables collection period, average payment period, and cash conversion cycle as the working capital management strategies. Applying statistical and non-statistical approaches, we perform aggregate and disaggregate analyses of the working capital management strategies. The results of the disaggregate analysis reveal mixed, and in one case, we could not find evidence of an association between working capital management strategies and profitability. However, the aggregate analysis shows a strong negative and significant association between working capital management and profitability. We further expand this analysis to the individual components of working capital. These results indicate a robust positive relationship between all individual working capital components and profitability, except for the average receivables collection period, where interestingly, there was a statistically weak association.
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Tolulope Ogundipe, Somto Emmanuel Ewim, and Ngodoo Joy Sam-Bulya. "A review of strategic cash flow management models and their role in driving financial growth and sustainability for energy companies in developing markets." GSC Advanced Research and Reviews 21, no. 1 (2024): 115–46. http://dx.doi.org/10.30574/gscarr.2024.21.1.0378.
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Effective cash flow management is critical to the financial health and sustainability of energy companies, particularly in developing markets where economic volatility and operational challenges can constrain growth. This review explores strategic cash flow management models and their impact on driving financial growth and sustainability for energy companies operating in these markets. It highlights the importance of optimizing working capital, leveraging debt and equity financing, and implementing robust risk management frameworks to ensure liquidity and long-term viability. The review categorizes the most prevalent cash flow management models used in energy companies, such as the Free Cash Flow (FCF) model, the Discounted Cash Flow (DCF) model, and the Cash Conversion Cycle (CCC) model. Each model's relevance is analyzed in the context of fluctuating energy prices, regulatory changes, and currency instability, which are common issues in developing markets. Additionally, the role of digital tools and financial technologies (FinTech) in enhancing the precision and efficiency of cash flow forecasting and management is discussed. Key findings suggest that strategic cash flow management not only supports immediate liquidity needs but also positions energy companies for sustainable growth by optimizing investment opportunities and mitigating financial risks. A significant emphasis is placed on the need for agile financial planning, where scenario-based forecasting and adaptive cash flow strategies are essential to navigating uncertainties in the energy sector. Furthermore, the review underscores the importance of integrating environmental, social, and governance (ESG) criteria into cash flow models, aligning financial sustainability with broader corporate responsibility goals. In conclusion, this review offers a comprehensive analysis of cash flow management strategies that are crucial for energy companies in developing markets, providing actionable insights into achieving financial resilience and long-term growth.
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Gryko, Józefa, Leszek Czapiewski, and Joanna Lizińska. "Corporate Cash Holdings and Earnings Quality – Evidence from the Stock Market in Poland." Annales Universitatis Mariae Curie-Skłodowska, sectio H – Oeconomia 58, no. 1 (2024): 125–44. http://dx.doi.org/10.17951/h.2024.58.1.125-144.
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Theoretical background: High levels of cash holdings allow companies to be financially flexible. Cash holders can react to business opportunities at once, and avoid dependence on external financing. Having cash reserves acts as a protective cushion from possible business shocks. However, cash holdings, like other asset items, incur cost. The direct costs mostly relate to obtaining and servicing of financing. Excessive cash may also induce the agency problem of free cash flow. Information asymmetry, among other factors, influences cost of capital and the efficiency of investor monitoring. Earnings management strategies are related to the informativeness of financial reports, as they can either support or disturb the assessment of company risk and performance. Hence, companies search for tailor-made strategies that usefully trade-off the benefits and costs of cash reserves and earnings quality. Purpose of the article: Earnings management occurs either via intervention in the reporting process using accruals, or changing the structure or the timing of real business transactions. This study aims to assess the differences in accrual and real earnings management strategies between firms with relatively high and low cash reserves. Based on a sample of non-financial companies listed on the Warsaw Stock Exchange in Poland, this research provides evidence on the relationship between the level of cash holdings and earnings quality. Research methods: Earnings management is proxied with annual cross sectional regressions estimated in non-financial GICS sectors. The Jones and the modified Jones model allow to estimate expected accruals. Using the Roychowdhury approach, normal cash flow from operations, normal production costs, and normal discretionary expenses are estimated. These normal levels are compared with their actual value to proxy for accrual- and real-earnings management. Next, each company was assigned to one of two groups, depending on the level of cash holdings relative to the annual industry medians. Parametric and non-parametric tests were used to test statistical significance. Main findings: The empirical results show statistically significant differences in accrual and real earnings management between companies with relatively high and low cash reserves. Cash holders seem to be more likely to manage earnings via shifting accruals between periods. However, there is no evidence that any of the groups boosted earnings more. Unsigned earnings management proxies suggest lower informativeness of financial reports for companies with cash buffers. Cash holdings were positively related to activities aimed at reducing fixed costs per unit and savings on discretionary expenses. Summing up, this research shows that companies with greater information asymmetry related to poor earnings quality preferred to hold larger cash reserves.
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Rizki, Wiwik Widya, and Rimi Gusliana Mais. "Analysis of Cash Waqf Management in Baitul Maal Hidayatullah." Indonesian Journal of Business, Accounting and Management 3, no. 1 (2020): 60–68. http://dx.doi.org/10.36406/ijbam.v3i1.576.
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Abstract—This study aims to analyze the management of cash waqf in Baitul Maal Hidayatullah (BMH). What are the strategies and processes for collecting cash waqf that are carried out at BMH, how to manage cash waqf funds collected at BMH, and how the distribution of cash waqf is carried out at BMH. This research method uses qualitative methods. The data used in this study are primary and secondary data. Primary data were obtained from interviews, while secondary data were obtained from processed data in the form of documentation data at BMH, data from books, and data from literature studies. Data collection methods in this study were carried out by observation, interview, and documentation. Data management method is done by descriptive analysis. The results showed that the strategy of collecting cash waqf by BMH was known to be divided into two, namely before the formation of Baitul Waqf and after the formation of Baitul Waqf. Before the formation of Baitul Waqf the strategy used by BMH was by retailing strategies in the form of canvassing personally and in groups. After the formation of Baitul Waqf the strategy used by BMH through two forms, namely conducting cooperation (partnerships) with several parties and conducting socialization and education to the community. The collection process after the formation of Baitul Wakaf is carried out in 3 (three) ways, namely coming directly to the BMH office, through direct transfer to the Baitul Wakaf account, and through partners. The collection process prior to the formation of Baitul Wakaf is only by coming directly to the BMH office and transferring to the BMH account. The management of cash waqf funds is done through a productive and traditional approach. Waqf funds that have been collected are channeled to several fields such as SME development, plantation, agriculture and animal husbandry, health, education, and social services.
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Yousefi, Sara, Reza Farzipoor Saen, and Seyed Shahrooz Seyedi Hosseininia. "Developing an inverse range directional measure model to deal with positive and negative values." Management Decision 57, no. 9 (2019): 2520–40. http://dx.doi.org/10.1108/md-11-2017-1089.
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Purpose To manage cash flow in supply chains, the purpose of this paper is to propose inverse data envelopment analysis (DEA) model. Design/methodology/approach This paper develops an inverse range directional measure (RDM) model to deal with positive and negative values. The proposed model is developed to estimate input and output variations such that not only efficiency score of decision making unit (DMU) remains unchanged, but also efficiency score of other DMUs do not change. Findings Given that auto making industry deals with huge variety and volumes of parts, cash flow management is so important. In this paper, inverse RDM models are developed to manage cash flow in supply chains. For the first time, the authors propose inverse DEA models to deal with negative data. By applying the inverse DEA models, managers distinguish efficient DMUs from inefficient ones and devise appropriate strategies to increase efficiency score. Given results of inverse integrated RDM model, other combinations of cash flow strategies are proposed. The suggested strategies can be taken into account as novel strategies in cash flow management. Interesting point is that such strategies do not lead to changes in efficiency scores. Originality/value In this paper, inverse input and output-oriented RDM model is developed in presence of negative data. These models are applied in resource allocation and investment analysis problems. Also, inverse integrated RDM model is developed.
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Rinawati, Ika. "Strategi Fundraising Wakaf Uang Melalui Peran Dakwah Kyai Kampung." Ath-Thariq: Jurnal Dakwah dan Komunikasi 7, no. 2 (2023): 155. http://dx.doi.org/10.32332/ath-thariq.v7i2.6850.
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The imbalance that accurs between the projected acquisition of cash waqf, which is 3 trilion annually and the actual acquisition of cash waqf, which is 10 billion annually, has led to the emergence of research which states that the problem of low acquisition of cash waqf is caused by a lack of socialization of cash waqf, the lack of socialization of cash waqf occupies the percentage the largest is 36.3% among other problem factors, namely the lack of skill in managing cash waqf, technology and accountability. This research method is descriptive qualitative using a case study approach. Data was collected by means of interviews, observation and documentation. The data was analyzed by means of data reduction, data presentation and verification. The results of the study were classified into 3, namely first, before the da'wah activities of the village clerics, the community did not know cash waqf at all and had never made waqf because they did not understand the benefits and management models, second, the concept of da'wah used by village kyai in Turen in socializing cash waqf consists of da'wah methods (Al Hikmah Al mau'idza al khasanah and Al mujJadilah bi al lati hiya ahsan), da'wah media (lectures and question and answer), and da'wah strategies (recitation strategies, imperative strategies), third, after the clerics' da'wah activities villages, the level of public understanding of cash waqf has increased, people have begun to understand the benefits of waqf and its management. In terms of interest in waqf, the community is not ready to do waqf for several reasons, including: the large number of routine benefits that are participated in (weekly, monthly and yearly compensation), preferring to invest in NU coins, and not being able to afford it economically.
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Tao, Ruihan. "A Literature Study of Cashflow Management Across Industries." Advances in Economics, Management and Political Sciences 145, no. 1 (2025): 176–82. https://doi.org/10.54254/2754-1169/2024.ld19043.
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With the continuous advancement of the global economy and technology, modern industries have diversified significantly, presenting a trend toward increasing complexity and variety. In this evolving landscape, cash flow management has become a critical aspect of enterprise operations, reflecting the diverse nature of industries, each with its unique business characteristics and operational models. This study conducts a thorough analysis of cash management patterns across three key sectorsretail, manufacturing, and energyby reviewing academic literature and examining industry data. The findings reveal that while these industries all face a surplus in cash flow, the underlying reasons for this surplus vary significantly due to their distinct business environments and operational frameworks. For instance, the retail industry may experience surpluses due to seasonal sales cycles, while manufacturing might accumulate cash from fluctuating production costs, and energy companies might benefit from long-term investment cycles. This study highlights the importance of understanding the specific factors driving cash management practices in different industries, offering insights into more effective financial strategies tailored to each sector's unique operational needs.
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CHEN, CHENG-WU, MORRIS H. L. WANG, and JENG-WEN LIN. "MANAGING TARGET THE CASH BALANCE IN CONSTRUCTION FIRMS USING A FUZZY REGRESSION APPROACH." International Journal of Uncertainty, Fuzziness and Knowledge-Based Systems 17, no. 05 (2009): 667–84. http://dx.doi.org/10.1142/s0218488509006200.
Full textAbstract:
Construction firms that work on a contractual basis are generally more concerned with short-term rather than long-term financial strategies. The main focus in short-term financial strategies is on working capital management (WCM). Cash management is a major factor for achieving good liquidity and profitability. In this study we take into consideration the cash component of working capital management based on the target cash balance. We develop a practical model that should allow Taiwan construction firms to utilize the currently available cash and assets at any point in time in the most rational way. To help understand the issues involved, we first introduce a model developed by Miller and Orr. The relationship between project duration and progress towards completion is most effectively represented in practical construction management by the S-curve. Thus, in this study we plot the fuzzy S-curve regression based on the Takagi-Sugeno (T-S) fuzzy model. The practicality of the model is demonstrated using project cash flow and progress payment records from a sample project. The data are obtained from the Taipei City Government's Department of Rapid Transit Systems. Some tentative conclusions concerning the model are also given.
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Khakzad, Hamid. "A framework for cost-benefit assessment of alternative sediment management strategies in Dez hydropower reservoir: A probabilistic approach." Water Practice and Technology 14, no. 4 (2019): 783–801. http://dx.doi.org/10.2166/wpt.2019.063.
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Abstract A new theoretical approach to assessing the economic feasibility of sediment management strategies is proposed by incorporating probability distribution directly into the analysis. This would allow the life of Dez hydropower, for instance, to be prolonged definitely. The discount rate is also examined as a fundamental means of reflecting risk in discounted cash flow evaluations. Eight options for sediment management in Dez reservoir are assessed and future reservoir storage volumes estimated for the period 2018 to 2068. As a second step, discounted cash flow (DCF) with gamma discounting rate is used to evaluate present values for future cash flows for each option. The results indicate that these models, which offer an efficient approach, can be used to assess the cost-benefit feasibility of sediment management strategies. Guidelines are given for applying this approach to other projects.