Relevant bibliographies by topics / Determinants of working capital

Contents

  1. Journal articles
  2. Dissertations / Theses
  3. Books
  4. Book chapters
  5. Conference papers
  6. Reports

Academic literature on the topic 'Determinants of working capital'

Author: Grafiati
Published: 4 June 2021
Last updated: 6 February 2022

Create a spot-on reference in APA, MLA, Chicago, Harvard, and other styles

Select a source type:

Consult the lists of relevant articles, books, theses, conference reports, and other scholarly sources on the topic 'Determinants of working capital.'

Next to every source in the list of references, there is an 'Add to bibliography' button. Press on it, and we will generate automatically the bibliographic reference to the chosen work in the citation style you need: APA, MLA, Harvard, Chicago, Vancouver, etc.

You can also download the full text of the academic publication as pdf and read online its abstract whenever available in the metadata.

Journal articles on the topic "Determinants of working capital"

1

Nastiti, Pambayun Kinasih Yekti, Apriani Dorkas Rambu Atahau, and Supramono Supramono. "THE DETERMINANTS OF WORKING CAPITAL MANAGEMENT: THE CONTEXTUAL ROLE OF ENTERPRISE SIZE AND ENTERPRISE AGE." Business, Management and Education 17, no. 2 (October 9, 2019): 94–110. http://dx.doi.org/10.3846/bme.2019.10409.

Full text
Abstract:
Purpose – working capital management plays a vital role in determining the continuity of enterprises’ business activities. Enterprises should manage their working capital efficiently to avoid excessive working capital investments and at the same time, to maintain their liquidity. This study aims to examine the determinants of working capital management and to test the different effects of the determinants of working capital management based on enterprise size and enterprise age. Research methodology – the sample consists of 117 manufacturing enterprises listed at the Indonesian Stock Exchange for the years 2010–2017. Panel data regression was used to test the hypothesis. Findings – the findings reveal that sales growth and economic growth determine working capital management. However, the effects of the determinants of working capital management differ depending on enterprise size and enterprise age. Specifically, economic growth is the only determinant that exhibits different effects on working capital management between different enterprise size and enterprise age subsamples. Meanwhile, besides economic growth, capital expenditure, and operating cash flow are the other enterprise-specific determinants that exhibit different effects on working capital management between the two enterprise age subsamples. Research limitations – this study only measures enterprise size with total assets. Thus, we advise future studies to complement this proxy with other measures such as market value and the listing size criterion (main board vs development board). Further, it is necessary to analyse the non-linear relationship between leverage and working capital management to explain the positive effect of leverage on working capital management. Practical implications – the empirical results suggest that manufacturing enterprises must focus more on their sales growth because it affects their ability to manage their working capital efficiently. Besides, younger manufacturing enterprises need to shorten their cash cycles that are longer relative to old enterprises. Originality/Value – no previous studies have analysed the determinants of working capital management based on enterprise characteristics, especially enterprise size and age. Specifically, in the scientific literature, enterprise size and enterprise age mainly act as the dependent variables.
APA, Harvard, Vancouver, ISO, and other styles
2

Mazlan, Ahmad Rizal, and Choong Yuen Leng. "The Moderating Effect of Working Capital Management on the Relationship between Working Capital Determinants and Firm Performance." Indian-Pacific Journal of Accounting and Finance 2, no. 1 (January 1, 2018): 38–48. http://dx.doi.org/10.52962/ipjaf.2018.2.1.39.

Full text
Abstract:
This research examines working capital management moderating role on the relationship between the key determinants of working capital and firm performance among 282 public-listed manufacturing firms in Malaysia for the period of 2010 to 2014. In this study, working capital management components are categorized into working capital requirement and net liquid balance. The evidence suggests that the relationship between critical determinants of working capital and firm performance is moderated by both working capital requirement and net liquid balance. Further, the results show that the research framework does form a contemporary working capital management model.
APA, Harvard, Vancouver, ISO, and other styles
3

Safia, Fazal. "DETERMINANTS OF WORKING CAPITAL “EVIDENCE FROM PRODUCTION AND SERVICE SECTOR OF PAKISTAN”." International Journal of Finance and Accounting 5, no. 1 (October 2, 2020): 67. http://dx.doi.org/10.47604/ijfa.1147.

Full text
Abstract:
Purpose: Basic purpose of this study is to explore the factors or determinants of working capital. The effect of this research is threefold as its first aim is to explore the determinants of working capital in the service sector, second is to find the determinant of working capital in the production sector and third is to make a comparison between the findings of both sectors. Research Methodology: Quantitative technique of data collection has been used under explanatory research method and working capital has been taken as dependent variable while return on assets, return on equity, leverage, sales growth, firm size of total assets and firm size of total sales have been taken as independent variables from production and services sector of Pakistan. A sample of 34 companies listed at KSE for 5 years (2007-2011) has been selected with a total observation of 170. Datawerecollectedfrombalancesheetsofthese companies fromofficialsiteofStateBankof Pakistan. Findings: The finding of this research shows that the same selected variables are not a significant predictor of working capital in both sectors. In the service sector, all selected variables are significant predictor or working capital except for short term debt to total assets variable. However, in the production sector, only sales growth and return on assets is a significant predictor of working capital requirement. Unique contribution to theory, practice and policy: In a developing country like in Pakistan, very little work has been done on working capital determinants. In developed countries and other developing countries, enough work has been done in that area, however, not previously study covers the comparison of the diverse sectors to determine working capital. This study will add a new dimension to the existing literature and cover the gaps in existing literature byaddingthe comparisonofdiverse nature sectors into the existing literature.
APA, Harvard, Vancouver, ISO, and other styles
4

Moussa, Amr Ahmed. "Determinants of working capital behavior: evidence from Egypt." International Journal of Managerial Finance 15, no. 1 (February 4, 2019): 39–61. http://dx.doi.org/10.1108/ijmf-09-2017-0219.

Full text
Abstract:
Purpose The purpose of this paper is to empirically analyze and identify key factors affecting working capital behavior of companies listed on the Egyptian Stock Exchange. Design/methodology/approach Working capital requirement and cash conversion cycle were used to proxy working capital behavior. The study explored nine main factors widely discussed in previous research to explain working capital behavior: operating cash flow, growth opportunities, performance, firm value, age, size, leverage, economic conditions and industry type. The study employed a panel data analysis for 68 listed Egyptian industrial firms for the period 2000–2010. Different techniques of the generalized method of moments were used to test the validity of the research hypotheses. Findings The results show that working capital behavior is affected by various factors related to firm characteristics, economic conditions and industry type. Originality/value This study provides financial managers with a better understanding of the impact of different internal and macroeconomic factors on working capital behavior in an emerging market, such as Egypt’s.
APA, Harvard, Vancouver, ISO, and other styles
5

Alehegne, Damot. "Determinants of Working Capital Requirement on Manufacturing Firms." European Business & Management 5, no. 1 (2019): 1. http://dx.doi.org/10.11648/j.ebm.20190501.11.

Full text
APA, Harvard, Vancouver, ISO, and other styles
6

Elbadry, Ahmed. "The Determinants of Working Capital Management in the Egyptian SMEs." Accounting and Finance Research 7, no. 2 (March 14, 2018): 155. http://dx.doi.org/10.5430/afr.v7n2p155.

Full text
Abstract:
Purpose– This paper explores the main determinants of working capital management in the Egyptian SMEs and explains its effect on working capital management. Also, I examine the relation between working capital management and SMEs' profitability and capital structure.Design/methodology/approach – The study sample include data for 138 SMEs working in Egypt and financed by the national bank of Egypt from 2010 to 2013. Data have been collected from SMEs financial statements for four years for each company. OLS regression models have been used to examine the effect of working capital determinants on working capital level measured by CCC. We used firm size and industry as control variables and robustness our results using full regression models for every year of analysis. All regression models were checked for normality, multicollinearity and hetroscedisticity. Findings – The main results reflect a negative and significant effect of SMEs profitability, tangible fixed assets, and leverage. Also, the industry represents a significant factor in determining the level of working capital in the Egyptian SMEs. Moreover, the effect of working capital management and SMEs profitability and capital structure decisions has been examined. The results reflect that the Egyptian SMEs follow an aggressive policy as businesses hold low level working capital which leads to high return and high degree of risk (measured by LEVERAGE).Research limitations/implications – The study limited to the Egyptian SMEs and financed by the National Bank of Egypt. Originality/value – The study explores the main determinants of working capital in the Egyptian SMEs and examined its effect on working capital management. Also, we examined the effect of working capital determinants on each component of working capital measured by cash conversion cycle. Moreover, I examined the effect of working capital on SMEs' profitability and capital structure decisions.
APA, Harvard, Vancouver, ISO, and other styles
7

Madhou, Ashwin, Imad Moosa, and Vikash Ramiah. "Working Capital as a Determinant of Corporate Profitability." Review of Pacific Basin Financial Markets and Policies 18, no. 04 (December 2015): 1550024. http://dx.doi.org/10.1142/s0219091515500241.

Full text
Abstract:
This study examines the interaction of corporate profitability, working capital management and firm characteristics. Advanced quantitative techniques, such as dynamic panel estimation and median regression, are used to test the underlying relations. The findings indicate that both size and debt ratio are important determinants of corporate profitability and that profitable firms and losing firms tend to have different determinants of profitability. Several findings indicate that the effects of the components of working capital on profitability depend on firm characteristics such as the state of working capital (surplus/deficit) and where the firm lies in the profitability league.
APA, Harvard, Vancouver, ISO, and other styles
8

Mongrut, Samuel, Darcy Fuenzalida O’Shee, Claudio Cubillas Zavaleta, and Johan Cubillas Zavaleta. "Determinants of Working Capital Management in Latin American Companies." Innovar 24, no. 51 (January 1, 2014): 5–17. http://dx.doi.org/10.15446/innovar.v24n51.41235.

Full text
Abstract:
The aim of this study is to determine the factors that affect working capital management in Latin American companies. Using an unbalanced panel data analysis for companies quoted in five Latin American capital markets it is shown that companies in Argentina, Brazil, Chile and Mexico are holding cash excesses, which could destroy firm value. Results show that the industry cash conversion cycle, the company market power, its future sales and country risk have an influence on the way Latin American companies manage their working capital with significant differences among countries in the region.
APA, Harvard, Vancouver, ISO, and other styles
9

Lazarus, Roslin, Stanley Lazarus, and Shobhna Gupta. "Influence on Corporate Performance by Determinants of Working Capital." Universal Journal of Accounting and Finance 9, no. 3 (June 2021): 411–23. http://dx.doi.org/10.13189/ujaf.2021.090316.

Full text
APA, Harvard, Vancouver, ISO, and other styles
10

Eldomiaty, Tarek Ibrahim, Mohamed Hashem Rashwan, Mohamed Bahaa El Din, and Waleed Tayel. "Firm, industry and economic determinants of working capital at risk." International Journal of Financial Engineering 03, no. 04 (December 2016): 1650031. http://dx.doi.org/10.1142/s2424786316500316.

Full text
Abstract:
Purpose: The objective of this study is to examine the relative contribution of firm-level, industry-level and country level variables to working capital at risk. Working capital at risk is treated as the value at risk for a portfolio of firm’s current assets. As far as short-term liquidity is concerned, working capital at risk, being the maximum amount that a firm may lose at a certain confidence interval, must be the most important part that a firm’s management must focus on. Design/methodology/approach: This study empirically examines the possible associations between wide range of variables and working capital at risk. The sample firms include 143 non-financial firms listed in Egypt stock exchange. The data cover the years 2000–2014. The statistical tests include the fixed and random effects, testing for linearity versus nonlinearity. The least squares dummy variables and discriminant analysis are utilized. The working capital at risk is classified into three levels: low, medium and high. Findings: The general findings of the study show that cash conversion cycle and the leverage are the most significant determinants of working capital at risk. Both determinants have significant influence on the level of volatility of working capital throughout the three categories of working capital at risk. Originality/value: This study offers a new approach that deals with working capital as a portfolio, rather than single ratios, that firm’s management must decrease its volatility (value at risk), therefore, short-term liquidity can be improved significantly. This approach can be considered a financial engineering in terms of monitoring and managing short-term liquidity exposure.
APA, Harvard, Vancouver, ISO, and other styles
More sources

Dissertations / Theses on the topic "Determinants of working capital"

1

Supatanakornkij, Sasithorn. "Determinants and consequences of working capital management." Thesis, University of Edinburgh, 2015. http://hdl.handle.net/1842/16454.

Full text
Abstract:
Well-managed working capital plays an important role in running a sound and successful business as it has a direct influence on liquidity and profitability. Working capital management (WCM) has recently received an increased focus from businesses and been regarded as a key managerial intervention to maintain solvency, especially during the global financial crisis when external financing was less available (PwC, 2012). This thesis contains a comprehensive analysis of the determinants and consequences of WCM. For the determinants of WCM, the results suggest that the nature of a firm’s WCM is determined by a combination of firm characteristics, economic condition, and country-level variables. Sources of financing, firm size, and levels of profitability and investment in long-term assets play a vital role in the management of working capital. The financial downturn has also put increased pressure on firms to operate with a lower level of working capital. In addition, country-level variables (i.e., legal environment and culture) have a significant influence on determining a firm’s WCM as well as its determinants. For the consequences of WCM, the findings highlight the importance of higher efficiency in WCM in terms of its potential contribution in enhancing profitability. In particular, firms operating with lower accounts receivable, inventory, and accounts payable periods are associated with higher profitability. Firms can also enhance their profitability further by ensuring a proper “fit” among these components of working capital. Finally, achieving higher efficiency in inventory management can be a source of profitability improvements during the financial crisis. Overall, the thesis contributes to the accounting and finance literature in two distinct ways: research design and new findings. A more extensive data set (in terms of countries coverage and time frame), new estimation technique (i.e., dynamic panel generalised method of moments (GMM) estimation to produce more consistent and reliable results), and substantive robustness tests (conspicuous by their absence in prior studies) were applied and result in several new empirical findings. First, a firm’s WCM is influenced not only by internal factors but also external factors such as country setting, legal environment and culture. Second, a comprehensive measure of WCM (i.e., cash conversion cycle (CCC)) does not represent a useful surrogate for the effects of WCM on corporate profitability. Instead, an examination of the individual components of CCC gives more pronounced and valid results. Third, by managing working capital correctly, firms can enhance their profitability even further, at different levels, and through different components of profitability (including profit margin and asset productivity).
APA, Harvard, Vancouver, ISO, and other styles
2

Jerónimo, Duarte Francisco Reis. "The determinants of current ratio on Portuguese Tourism industry." Master's thesis, Instituto Superior de Economia e Gestão, 2015. http://hdl.handle.net/10400.5/10512.

Full text
Abstract:
Mestrado em Finanças
O Turismo é uma atividade económica importante em muitos países do mundo, mas assume um papel fundamental em países de pequena dimensão como Portugal dado o impacto positivo na economia através da criação de emprego e riqueza. Este estudo pretende investigar os determinantes dos current ratio na indústria do turismo em Portugal. A análise baseou-se nos dados extraídos dos relatórios de contas anuais das empresas de turismo Portuguesas no período de 2010-2013. De modo a testar a hipótese presente neste estudo foi utilizado um modelo robusto de análise de dados em painel, no qual se usou as metodologias OLS, efeitos fixos e efeitos aleatórios. Os resultados do primeiro modelo, utilizando a metodologia de efeitos aleatórios, revelam um impacto positivo e estatisticamente significativo no current ratio por parte a rentabilidade e a idade, e negativo no caso da alavancagem financeira, tamanho da empresa, número de dias de contas a pagar e número de dias de inventário. O segundo modelo apresenta um impacto positivo da rentabilidade, idade e ciclo de conversão de liquidez, e negativo da alavancagem financeira e tamanho da empresa sobre a variável dependente. Estes resultados são consistentes com vários estudos anteriores, embora não haja provas estatisticamente significativas da relação entre o número de dias de recebimentos e o current ratio.
Tourism is an important economic activity in most countries around the world but, for small countries like Portugal, it has a fundamental role due to its positive impact in the economy through the creation of jobs and wealth. This study aims to investigate the determinants of current ratio on the Portuguese tourism industry. The analysis was based on data extracted from the annual reports of the Portuguese tourism companies for the period of 2010-2013. In order to test the study hypothesis a robust panel data analysis was used, including pooled OLS, fixed effects and random effects methodologies. The results from the first model, using the random effects methodology, reveal a significant positive statistical impact on current ratio by profitability and age, and a negative by leverage, size, account payable days and inventory days. The second model presents a positive impact of profitability, age and cash conversion cycle and a negative of leverage and size on the dependent variable. These findings are consistent with several previous studies, although there is no prove of statistically significant relationship between account receivable days and current ratio.
APA, Harvard, Vancouver, ISO, and other styles
3

Moraes, Filho Marcos Gonçalves Nunes de. "Determinantes da necessidade de capital de giro em pequenas e médias empresas do estado de São Paulo no período de 2000-2010." Universidade Presbiteriana Mackenzie, 2012. http://tede.mackenzie.br/jspui/handle/tede/600.

Full text
Abstract:
Made available in DSpace on 2016-03-15T19:26:02Z (GMT). No. of bitstreams: 1 Marcos Goncalves Nunes de Moraes Filho.pdf: 270675 bytes, checksum: 2b4652ecf3d141518fe67cf2228dc06a (MD5) Previous issue date: 2012-05-09
Fundo Mackenzie de Pesquisa
The Working Capital Requirement (WCR) is a necessary investment to maintain the operational cycles. There is no specific theory on Working Capital in Brazil and there are few studies on its determinants, especially in small and medium enterprises. This research tests a model based on methodological Hill, Highfield and Kelly (2010) with Brazilian companies, specifically small and mid-size companies in the last decade. The results show differences in the regression coefficients of the reference search, although some empirical concordances. It was found that the variable gross profit margin and size have statistical significance and expected relationship as existing theory. This study contributes to the management of working capital and open opportunities for alternative management.
A Necessidade de Capital de Giro (NCG) é um investimento necessário para manter os ciclos operacionais. Não há teoria específica sobre Capital de Giro e no Brasil há poucos estudos sobre seus determinantes, principalmente em pequenas e médias empresas. Esta pesquisa testa um modelo metodológico baseado em Hill, Kelly e Highfield (2010), com empresas brasileiras de pequeno e médio porte na última década. Os resultados apontam diferenças nos coeficientes das regressões da pesquisa de referência, apesar de algumas concordâncias empíricas. Foi constatado que as variáveis margem de lucro bruto e tamanho possuem significância estatística e a relação esperada, conforme teoria existente. Este estudo contribui para a gestão do capital de giro e abre perspectivas e alternativas para sua gestão.
APA, Harvard, Vancouver, ISO, and other styles
4

Rick, Leandro. "Determinantes da necessidade de capital de giro: as companhias abertas do Brasil entre 1994 e 2009." Universidade Presbiteriana Mackenzie, 2011. http://tede.mackenzie.br/jspui/handle/tede/539.

Full text
Abstract:
Made available in DSpace on 2016-03-15T19:25:39Z (GMT). No. of bitstreams: 1 Leandro Rick.pdf: 426431 bytes, checksum: bd0b42ac2a96c4981f26a2e96b334742 (MD5) Previous issue date: 2011-08-10
Fundo Mackenzie de Pesquisa
The Operational Working Capital Requirement (WCR) is the net investment needed to keep the operating cycle. There is no specific theory on Working Capital and, in Brazil; there are few studies about its operational and financial determinants. This empirical research test, in part, a model proposed by Hill, Kelly and Highfield (2009), with Brazilian companies, in the post-Real Plan. The results show differences in the regression coefficients that may be due to macro-economic specificity and typicality of Brazilian economic sectors. This study contributes to the management of working capital, and opens prospects for alternatives to traditional methods of quantification of the WCR.
A Necessidade de Capital de Giro (NCG) Operacional é o investimento líquido necessário para manter os ciclos operacionais. Embora haja bastantes estudos sobre Capital de Giro nos EUA e Europa, ainda não há uma teoria específica sobre o mesmo e, no Brasil, poucos estudos sobre seus determinantes operacionais e financeiros foram realizados. Esta dissertação testa, parcialmente, um modelo proposto por Hill, Kelly e Highfield (2010), com empresas brasileiras, no período pós-Plano Real. Os resultados evidenciam diferenças nos coeficientes das regressões que podem ser devidas à especificidade macroeconômica brasileira ou à tipicidade dos setores de atividade econômica. Este estudo contribui para a gestão do capital de giro e abre perspectiva para alternativas aos tradicionais métodos de quantificação da NCG.
APA, Harvard, Vancouver, ISO, and other styles
5

Palombini, Nathalie Vicente Nakamura. "Gestão do capital de giro: impacto sobre a rentabilidade da empresa e seus determinantes." Universidade Presbiteriana Mackenzie, 2010. http://tede.mackenzie.br/jspui/handle/tede/759.

Full text
Abstract:
Made available in DSpace on 2016-03-15T19:26:50Z (GMT). No. of bitstreams: 1 Nathalie Vicente Nakamura Palombini.pdf: 1328550 bytes, checksum: a85053b6ec3e243462820ad8c4e3fc59 (MD5) Previous issue date: 2010-02-10
Coordenação de Aperfeiçoamento de Pessoal de Nível Superior
Working capital management is a relevant subject for financial managers who invest a significant amount of time and effort seeking an ideal balance level of its components, in order to create value for the company (Lamberson, 1995; Appuhami, 2008; Martin e Morgan in Kim e Srinivasan, 1991). Companies are able to reduce financing costs and/or increase the available funds for investments by optimizing current assets and liabilities. To reach the optimum level decision, there are a number of complex tradeoffs that have to be considered, such as risk and return, liquidity and profitability, turning daily business questions into challenging decisions for firm s managers. Inadequate decisions over working capital components may lead to insolvency; while overinvestment decisions implies in zero or negative net present value. Although is crucial for the financial strategy of the organization, working capital management is a subject under explored by the academic literature. Current research results did not converge to a common sense about the influence of working capital management efficiency over the profitability. In the same way, there are few available studies about the determinants of working capital management. The proposal of this present study is to explore management working capital regarding two approaches: its impact on firm s profitability and its determinants. The results of the first research problem showed that the working capital management, measured by cash conversion cycle, affects negatively the gross and operational profitability, suggesting that companies can increase profitability by reducing the level of working capital. The analysis of the second research problem results showed the debt level, size and growth rate as determinants of working capital management. The negative relation with debt level is consistent with the Pecking Order Theory, suggesting that leveraged companies aim to work with low level of current assets, to avoid issuing new debt securities and equity securities. The variable free cash flow also showed a negative and significant relation with working capital management, indicating that companies with higher profitability before depreciation and after taxes, interests and dividends present lower volume of working capital.
A gestão do capital de giro é um assunto de grande relevância para os gestores financeiros que devotam grande parte de seu tempo e esforço para buscar um nível ótimo entre seus componentes, de modo a contribuir para a maximização do valor da empresa (Lamberson, 1995; Appuhami, 2008; Martin e Morgan in Kim e Srinivasan, 1991). As empresas são capazes de reduzir seus custos financeiros e/ou aumentar seus fundos disponíveis para investimentos por meio da otimização de seus ativos e passivos circulantes. A decisão do nível ótimo de capital de giro envolve um equilíbrio complexo entre risco e retorno, entre liquidez e rentabilidade, constituindo um desafio diário para os gestores das empresas. Decisões inadequadas de capital de giro podem levar a empresa à insolvência, enquanto que um investimento excessivo nos ativos circulantes implica em fundos que não geram valor ao acionista. Apesar disso, o tema ainda é pouco explorado pela literatura acadêmica. Os resultados dos estudos existentes não convergem em um consenso sobre a influência da eficiência da gestão do capital de giro na melhoria da lucratividade. Da mesma forma, pouco se sabe sobre os fatores que influenciam a gestão corporativa do capital de giro. O presente estudo busca explorar a gestão do capital de giro sob duas abordagens: seu impacto sobre a rentabilidade da empresas e seus determinantes. Os resultados do primeiro problema de pesquisa indicaram que a gestão do capital de giro, medida pelo ciclo de conversão de caixa, afeta a rentabilidade bruta e operacional da empresa de forma negativa, sugerindo que as empresas podem aumentar sua rentabilidade, trabalhando com níveis mais reduzidos de capital de giro. A análise dos resultados do segundo problema de pesquisa indicou o nível de endividamento, o tamanho e o crescimento da empresa como fatores determinantes na gestão do capital de giro. A relação negativa com endividamento corrobora com a Pecking Order Theory, que defende que empresas endividadas buscam trabalhar com níveis reduzidos de ativos circulantes para evitar novas emissões de títulos de dívidas e ações. A variável fluxo de caixa livre também apresentou relação negativa e significante com a gestão de capital de giro, sugerindo que empresas que apresentam maior rentabilidade antes da depreciação e após pagamento de impostos, juros e dividendos apresentam níveis menores de capital de giro.
APA, Harvard, Vancouver, ISO, and other styles
6

Pires, Clênia de Oliveira. "Fatores determinantes da necessidade de capital de giro corporativa." Universidade do Vale do Rio dos Sinos, 2013. http://www.repositorio.jesuita.org.br/handle/UNISINOS/3328.

Full text
Abstract:
Submitted by Maicon Juliano Schmidt (maicons) on 2015-04-18T14:27:10Z No. of bitstreams: 1 Clênia de Oliveira Pires.pdf: 707674 bytes, checksum: b4276c388f57247620d9631ff43fdd42 (MD5)
Made available in DSpace on 2015-04-18T14:27:10Z (GMT). No. of bitstreams: 1 Clênia de Oliveira Pires.pdf: 707674 bytes, checksum: b4276c388f57247620d9631ff43fdd42 (MD5) Previous issue date: 2013-02-26
UNISINOS - Universidade do Vale do Rio dos Sinos
Esta dissertação teve como objetivo identificar e analisar os fatores determinantes da necessidade de capital de giro corporativa, partindo de teorias robustas de finanças (Theory of Asymmetric Information, Agency Theory, Pecking Order Theory e Theory of Financial Distress) e de estudos empíricos que também tiveram como objeto a NCG. Para isto, este estudo teve como base um painel de dados não balanceado, com informações de 222 companhias brasileiras não financeiras com ações listadas na BM&FBOVESPA e presentes na Base de Dados Compustat, durante um período de 11 anos (2000 a 2010), totalizando 2.278 observações. Foram testadas diferentes variáveis, utilizando-se modelos de regressões lineares de complexidades distintas. A partir dos resultados da regressão final, gerada pelo Painel Dinâmico, foram identificados dez fatores determinantes da necessidade de capital de giro corporativa, todos significantes. O modelo evidencia a importância da NCG do ano anterior na explicação da NCG do ano corrente e mostra que empresas maiores, com vendas mais voláteis, maior fluxo de caixa livre, maior índice de endividamento e em dificuldades financeiras adotam uma necessidade de capital de giro proporcionalmente reduzida, tornando-se mais eficientes na sua gestão do capital de giro. Por outro lado, as evidências mostram que uma maior margem de contribuição, um maior índice market-to-book e a presença de remuneração anual vinculada ao lucro levam a um aumento da necessidade de capital de giro corporativa. Além disso, os resultados sugerem que um menor risco país encoraja o investimento em capital de giro, evidenciando que fatores exógenos a empresa também determinam o volume da sua NCG. Assim, esta dissertação pretende contribuir com pesquisas futuras, visto que é a primeira a investigar os determinantes do investimento líquido em capital de giro operacional sob a ótica de quatro teorias robustas de finanças.
This thesis aims to identify and analyze the determinants of the working capital requirement corporate, from robust theories of finance (Theory of Asymmetric Information, Agency Theory, Pecking Order Theory and Theory of Financial Distress) and empirical studies that also had as object the WCR. Therefore, this study was based on a panel data unbalanced, with information of 222 Brazilian companies non-financial with stocks listed on the BM&FBOVESPA and presents in Compustat Database, for a period of 11 years (2000 to 2010), totaling 2278 observations. We tested different variables, using linear regression models of different complexities. From the results of the final regression, generated by Dynamic Panel, ten factors determinants of the working capital requirement corporate were identified, all significants. The model evidences the importance of WCR last year in explaining the WCR this year and shows that larger companies, with more volatile sales, higher free cash flow, higher debt ratio and financially distressed adopt a working capital requirement proportionally reduced, making it more efficient in its management of working capital. Moreover, the evidence shows that a higher contribution margin, a higher rate market-to-book and the presence of annual compensation tied to earnings lead to an increased working capital requirement corporate. Furthermore, the results suggest that a lower country risk encourages investment in working capital, showing that company exogenous factors also determine the volume of your WCR. Thus, this thesis aims to contribute to future research, since it is the first to investigate the determinants of the net investment in operating working capital from the perspective of four robust theories of finance.
APA, Harvard, Vancouver, ISO, and other styles
7

Cardador, Hugo Hernâni Costa. "Determinantes na opção da adesão ao factoring em Portugal: um estudo empírico." Master's thesis, Instituto Superior de Economia e Gestão, 2007. http://hdl.handle.net/10400.5/704.

Full text
Abstract:
Mestrado em MBA/Gestão
O propósito deste estudo é desenvolver e testar hipóteses que expliquem a escolha de adesão ao Factoring em Portugal, como forma de financiamento. Pretende-se estabelecer perfis de utilizadores baseados nas características demográficas e económico-financeiras. Adicionalmente pretende-se estender a análise e testar a existência de relação entre a utilização do Factoring e a facilidade no acesso a crédito, i.e., o valor do colateral disponível, o valor de dívida da empresa, e também o facto da empresa apresentar dificuldades financeiras. A análise refere-se a um questionário via mailmerge ao qual responderam 500 empresas das quais 322 indicaram utilizarem Factoring. Verificou-se que as variáveis mais importantes na determinação da adesão ao Factoring se prendem com o financiamento das necessidades de fundo de maneio da empresa, a disponibilidade de colateral e ainda com o sector de actividade em que opera.
The purpose of this study is to develop and test hypotheses that explain the determinants of Factoring as a financing choice in Portugal. The tests focus on establishing a profile of borrowers, based on demographic economical and financial characteristics. In addition to that we extend the analysis to test whether there exists any association between the use of Factoring and the availability of credit to firms, the value of collateral , the value of the firms debt, and also whether the business is experiencing financial difficulties. The analysis refers to a survey of 500 companies of which 322 were using Factoring services. Evidence was found that the most important determinants in firms choice of Factoring is working capital requirements, the availability of collateral and its industry sector.
APA, Harvard, Vancouver, ISO, and other styles
8

Pfitzner, Marcus. "Working Capital." Saechsische Landesbibliothek- Staats- und Universitaetsbibliothek Dresden, 2016. http://nbn-resolving.de/urn:nbn:de:bsz:14-qucosa-201911.

Full text
Abstract:
Ausgehend vom Bedarf an unternehmensinternen, relativ marktunabhängigen Maßnahmen zur Stärkung der Innenfinanzierungskraft von Unternehmen, kann die angestrebte Liquiditätssicherung und Ertragsstabilisierung aus einer effizienten Steuerung der Working-Capital-beeinflussenden Prozesse hervorgehen. Der vorliegende Beitrag fokussiert dabei die definitorische Abgrenzung des Working Capital und des Working Capital Management. Außerdem werden die finanziellen Wirkungen des WCM aufgezeigt. Eine detaillierte Betrachtung der das Working-Capital-beeinflussenden Prozesse verdeutlicht die Komplexität des Prozessgefüges und die Notwendigkeit eines ganzheitlichen Ansatzes zur Working-Capital-Steuerung.
APA, Harvard, Vancouver, ISO, and other styles
9

Hauser, Marc. "Working Capital Management." St. Gallen, 2008. http://www.biblio.unisg.ch/org/biblio/edoc.nsf/wwwDisplayIdentifier/04603254001/$FILE/04603254001.pdf.

Full text
APA, Harvard, Vancouver, ISO, and other styles
10

Etter, Kathrin. "Working Capital Management in Wertschöpfungsnetzwerken." St. Gallen, 2007. http://www.biblio.unisg.ch/org/biblio/edoc.nsf/wwwDisplayIdentifier/02607505002/$FILE/02607505002.pdf.

Full text
APA, Harvard, Vancouver, ISO, and other styles
More sources

Books on the topic "Determinants of working capital"

1

Buisness Support Group. Institute of Chartered Accountants in England and Wales. Working capital. London: ICAEW, 1986.

Find full text
APA, Harvard, Vancouver, ISO, and other styles
2

Preve, Lorenzo A. Working capital management. New York: Oxford University Press, 2010.

Find full text
APA, Harvard, Vancouver, ISO, and other styles
3

Working capital management. Chichester: Wiley, 1989.

Find full text
APA, Harvard, Vancouver, ISO, and other styles
4

L, Wagner Cecilia, ed. Working capital management. New York: Wiley, 1989.

Find full text
APA, Harvard, Vancouver, ISO, and other styles
5

Heesen, Bernd. Working Capital Management. Wiesbaden: Gabler Verlag, 2013. http://dx.doi.org/10.1007/978-3-8349-3759-9.

Full text
APA, Harvard, Vancouver, ISO, and other styles
6

Heesen, Bernd, and Oliver Moser. Working Capital Management. Wiesbaden: Springer Fachmedien Wiesbaden, 2013. http://dx.doi.org/10.1007/978-3-658-02077-4.

Full text
APA, Harvard, Vancouver, ISO, and other styles
7

Sure, Matthias. Working Capital Management. Wiesbaden: Springer Fachmedien Wiesbaden, 2014. http://dx.doi.org/10.1007/978-3-658-07380-0.

Full text
APA, Harvard, Vancouver, ISO, and other styles
8

Heesen, Bernd, and Oliver Moser. Working Capital Management. Wiesbaden: Springer Fachmedien Wiesbaden, 2017. http://dx.doi.org/10.1007/978-3-658-15168-3.

Full text
APA, Harvard, Vancouver, ISO, and other styles
9

Virginia, Sarria-Allende, ed. Working capital management. New York: Oxford University Press, 2010.

Find full text
APA, Harvard, Vancouver, ISO, and other styles
10

Centre, Economic Policy Research, ed. Firm level investment: Trends, determinants and constraints. Kampala: Economic Policy Research Centre, 2006.

Find full text
APA, Harvard, Vancouver, ISO, and other styles
More sources

Book chapters on the topic "Determinants of working capital"

1

Çetenak, Emin Hüseyin, Gamze Vural, and A. Gökhan Sökmen. "Determinants of Working Capital in Emerging Markets: Do Economic Developments Matter?" In Contributions to Management Science, 385–97. Cham: Springer International Publishing, 2016. http://dx.doi.org/10.1007/978-3-319-44591-5_26.

Full text
APA, Harvard, Vancouver, ISO, and other styles
2

Yakubu, Ibrahim Nandom, Ayhan Kapusuzoglu, and Nildag Basak Ceylan. "Determinants of Working Capital Management of Manufacturing Firms in Ghana Under Innovative Work Behaviour Perspective." In Contributions to Management Science, 235–52. Cham: Springer International Publishing, 2020. http://dx.doi.org/10.1007/978-3-030-50131-0_14.

Full text
APA, Harvard, Vancouver, ISO, and other styles
3

Altaf, Nufazil, and Farooq Ahmad Shah. "Working Capital and Capital Structure." In Capital Structure Dynamics in Indian MSMEs, 61–74. Singapore: Springer Singapore, 2020. http://dx.doi.org/10.1007/978-981-33-4276-7_4.

Full text
APA, Harvard, Vancouver, ISO, and other styles
4

Priester, Charles, and Jincheng Wang. "Working Capital Management." In Tsinghua University Texts, 69–96. Berlin, Heidelberg: Springer Berlin Heidelberg, 2010. http://dx.doi.org/10.1007/978-3-540-70966-4_6.

Full text
APA, Harvard, Vancouver, ISO, and other styles
5

Hohenstein, Götz. "Das Working Capital." In Cash Flow und Cash Management, 41–59. Wiesbaden: Gabler Verlag, 1988. http://dx.doi.org/10.1007/978-3-322-85455-1_4.

Full text
APA, Harvard, Vancouver, ISO, and other styles
6

Goel, Sandeep. "Working capital management." In Finance for Non-Finance People, 266–83. Second edition. | Abingdon, Oxon ; New York, NY : Routledge, 2019.: Routledge India, 2019. http://dx.doi.org/10.4324/9780429196669-19.

Full text
APA, Harvard, Vancouver, ISO, and other styles
7

Schawel, Christian, and Fabian Billing. "Working Capital Management." In Top 100 Management Tools, 208–9. Wiesbaden: Gabler, 2009. http://dx.doi.org/10.1007/978-3-8349-8185-1_92.

Full text
APA, Harvard, Vancouver, ISO, and other styles
8

Klepzig, Heinz-Jürgen. "Working-Capital: Veränderungsmanagement." In Working-Capital und Cash Flow, 41–128. Wiesbaden: Gabler, 2010. http://dx.doi.org/10.1007/978-3-8349-8587-3_5.

Full text
APA, Harvard, Vancouver, ISO, and other styles
9

Messenger, Sally, and Humphrey Shaw. "Managing Working Capital." In Financial Management, 197–207. London: Macmillan Education UK, 1993. http://dx.doi.org/10.1007/978-1-349-13080-1_17.

Full text
APA, Harvard, Vancouver, ISO, and other styles
10

Locker, Alwin, and Pan Theo Grosse-Ruyken. "Working Capital Management." In Chefsache Finanzen in Einkauf und Supply Chain, 111–44. Wiesbaden: Springer Fachmedien Wiesbaden, 2013. http://dx.doi.org/10.1007/978-3-658-00748-5_4.

Full text
APA, Harvard, Vancouver, ISO, and other styles

Conference papers on the topic "Determinants of working capital"

1

Zariyawati, M. A., H. Taufiq, M. N. Annuar, and A. Sazali. "Determinants of working capital management: Evidence from Malaysia." In 2010 International Conference on Financial Theory and Engineering (ICFTE). IEEE, 2010. http://dx.doi.org/10.1109/icfte.2010.5499399.

Full text
APA, Harvard, Vancouver, ISO, and other styles
2

Supatanakornkij, Sasithorn. "The Determinants of Working Capital Management: Evidence from European Companies." In 4th Annual International Conference on Accounting and Finance (AF 2014). Global Science & Technology Forum (GSTF), 2014. http://dx.doi.org/10.5176/2251-1997_af14.35.

Full text
APA, Harvard, Vancouver, ISO, and other styles
3

Karabey, Canan Nur, and Isil Karabey. "Determinants of Employees’ Knowledge Sharing Intention through Perspectives of Social Capital, Emotion and Motivation." In International Conference on Eurasian Economies. Eurasian Economists Association, 2016. http://dx.doi.org/10.36880/c07.01625.

Full text
Abstract:
The aim of this study is to investigate the factors that determine employee’s knowledge sharing intention through the perspectives of social capital, emotion and motivation. The impacts of individual factors, namely social capital, enjoyment in and fear for knowledge sharing, sense of belonging and knowledge sharing self-efficacy on employee’s intention to share knowledge with colleagues are examined. In order to test the hypotheses regarding the relationships among aforementioned variables, data were gathered through question forms from 267 employees working at two shopping malls in a province of Turkey. First, confirmatory factor analysis was applied to data on LISREL 8.7 software. Second, the validity of the measurement model was examined and last, anticipated relationships among variables were investigated through path analysis in structural equation modelling. The results stated that fear for sharing knowledge affected intention negatively while enjoyment in sharing knowledge and knowledge sharing self-efficacy affected intention positively. Also, relational capital was not found to impact intention to share knowledge via fear and enjoyment. On the other hand, sense of belonging impacted intention merely through enjoyment in sharing knowledge.
APA, Harvard, Vancouver, ISO, and other styles
4

Zróbek-Róžanska, Alina, and Sabina Zróbek. "How City’s Biggest Employers Shape Spatial Development of The Residential Areas – Evidence from Olsztyn, Poland." In Environmental Engineering. VGTU Technika, 2017. http://dx.doi.org/10.3846/enviro.2017.130.

Full text
Abstract:
Efficient managing sustainable urban development requires constant observations of trends in the key areas. One of the important areas is undoubtedly directing development of residential areas within the city and its surroundings. Nowadays, increasing incomes and transport mobility of the city citizens enable choosing between living within the city’s borders and building houses in the suburbs. Latter option makes city less compact and generates urban sprawl. As many controversies still arise over sprawling cities, the opposite of the smart growth, the factors behind this process should be monitored. In this article, we focused on spatial dependencies between localization of working and living places, because an access to the workplace seems to be one of the key determinants of choosing the particular place of residence. Therefore we decided to verify the following hypothesis: localization of the biggest employers in the city shapes the development of residential areas in the suburbs, and the influence depends on: current migration trends, specifics of the employers and their activity on the real estate market. The verification was carried out in the city of Olsztyn (Poland), the capital of Warmia and Mazury Province, and included careful analysis of the three city's biggest employers.
APA, Harvard, Vancouver, ISO, and other styles
5

Sudiyatno, Bambang, Sigit Nugroho, Yeye Susilawati, and Ida Nurhayati. "Determinants of Capital Structure." In Proceedings of the International Conference on Banking, Accounting, Management, and Economics (ICOBAME 2018). Paris, France: Atlantis Press, 2019. http://dx.doi.org/10.2991/icobame-18.2019.13.

Full text
APA, Harvard, Vancouver, ISO, and other styles
6

Mangku, I. Ketut, Fikri Budi Aulia, Yayuk Apriani, and Arisudana Yoga Pramana. "Determinants of Company Capital Structure." In The 3rd International Conference on Banking, Accounting, Management and Economics (ICOBAME 2020). Paris, France: Atlantis Press, 2020. http://dx.doi.org/10.2991/aebmr.k.210311.038.

Full text
APA, Harvard, Vancouver, ISO, and other styles
7

Tausova, I. F., and A. E. Maier. "Working capital management methods." In ТЕНДЕНЦИИ РАЗВИТИЯ НАУКИ И ОБРАЗОВАНИЯ. НИЦ «Л-Журнал», 2018. http://dx.doi.org/10.18411/lj-12-2018-45.

Full text
APA, Harvard, Vancouver, ISO, and other styles
8

Yin, Yuming, Jing Xu, and Yao Li. "International Capital Reversals: Consequences and Determinants." In 2009 International Conference on Information Management, Innovation Management and Industrial Engineering. IEEE, 2009. http://dx.doi.org/10.1109/iciii.2009.166.

Full text
APA, Harvard, Vancouver, ISO, and other styles
9

Zimon, Grzegorz. "WORKING CAPITAL IN A COMPANY." In 4th International Multidisciplinary Scientific Conference on Social Sciences and Arts SGEM2017. Stef92 Technology, 2017. http://dx.doi.org/10.5593/sgemsocial2017/13/s03.093.

Full text
APA, Harvard, Vancouver, ISO, and other styles
10

Briones, Oscar, and Melisa Chang. "CAPITAL STRUCTURE DETERMINANTS INFLUENCE: A COMPARATIVE STUDY." In 30th International Academic Conference, Venice. International Institute of Social and Economic Sciences, 2017. http://dx.doi.org/10.20472/iac.2017.030.007.

Full text
APA, Harvard, Vancouver, ISO, and other styles

Reports on the topic "Determinants of working capital"

1

Desai, Mihir, and William Gentry. The Character and Determinants of Corporate Capital Gains. Cambridge, MA: National Bureau of Economic Research, December 2003. http://dx.doi.org/10.3386/w10153.

Full text
APA, Harvard, Vancouver, ISO, and other styles
2

Glaeser, Edward, David Laibson, Jose Scheinkman, and Christine Soutter. What is Social Capital? The Determinants of Trust and Trustworthiness. Cambridge, MA: National Bureau of Economic Research, July 1999. http://dx.doi.org/10.3386/w7216.

Full text
APA, Harvard, Vancouver, ISO, and other styles
3

Marsh, Patricia A., Carmelo G. Ventimiglia, Robert J. Ringwald, Rebecca L. Niemeier, Karen A. Preston, Matthew F. Bengs, Lynn M. Irwin, Ann Thompson, and Allison Tarmann. Controls Over Reconciling Army Working Capital Fund Inventory Records. Fort Belvoir, VA: Defense Technical Information Center, May 2008. http://dx.doi.org/10.21236/ada499367.

Full text
APA, Harvard, Vancouver, ISO, and other styles
4

DEPARTMENT OF DEFENSE WASHINGTON DC. Defense Working Capital Fund, Defense-Wide. FY 1999 Amended Budget Estimates, Operating and Capital Budgets. Fort Belvoir, VA: Defense Technical Information Center, February 1998. http://dx.doi.org/10.21236/ada338038.

Full text
APA, Harvard, Vancouver, ISO, and other styles
5

Gompers, Paul, and Josh Lerner. The Determinants of Corporate Venture Capital Successes: Organizational Structure, Incentives, and Complementarities. Cambridge, MA: National Bureau of Economic Research, September 1998. http://dx.doi.org/10.3386/w6725.

Full text
APA, Harvard, Vancouver, ISO, and other styles
6

DEPARTMENT OF THE AIR FORCE WASHINGTON DC. United States Air Force Working Capital Fund. FY 2001 Operating Budget. Fort Belvoir, VA: Defense Technical Information Center, February 2000. http://dx.doi.org/10.21236/ada375297.

Full text
APA, Harvard, Vancouver, ISO, and other styles
7

Kem, Dale A., Bobby Jackson, Avery Williams, and Virginia Stouffer. Performance Metrics for Defense Working Capital Funds. A Focus on Supply Management. Fort Belvoir, VA: Defense Technical Information Center, July 2000. http://dx.doi.org/10.21236/ada385408.

Full text
APA, Harvard, Vancouver, ISO, and other styles
8

DEPARTMENT OF THE ARMY WASHINGTON DC. Department of the Army FY 2001 Budget Estimates. Army Working Capital Fund. Fort Belvoir, VA: Defense Technical Information Center, February 2000. http://dx.doi.org/10.21236/ada374219.

Full text
APA, Harvard, Vancouver, ISO, and other styles
9

Freeman, Rahsul J. Mitigating the Erratic Behavior of the Transportation Working Capital Fund Through Accurate Forecasting. Fort Belvoir, VA: Defense Technical Information Center, June 2015. http://dx.doi.org/10.21236/ada619562.

Full text
APA, Harvard, Vancouver, ISO, and other styles
10

Maarif, Sjamsul, Choirul Anwar, and Dharmansyah Dharmansyah. PENGARUH INTEREST INCOME GROWTH , NET WORKING CAPITAL, DAN CAPITAL EXPENDITURE TERHADAP CASH HOLDING DENGAN AKTIVITAS DEWAN KOMISARIS SEBAGAI VARIABEL MODERASI. Jurnal Madani: Ilmu Pengetahuan, Teknologi, dan Humaniora, March 2019. http://dx.doi.org/10.33753/madani.v2i1.42.

Full text
APA, Harvard, Vancouver, ISO, and other styles
You might also be interested in the extended bibliographies on the topic 'Determinants of working capital' for particular source types:
Journal articles Dissertations / Theses Books
We offer discounts on all premium plans for authors whose works are included in thematic literature selections. Contact us to get a unique promo code!

To the bibliography