Niazi, Ghulam Shabbir Khan and Hunjra, Ahmed Imran and Rashid, Majid and Akbar, Syed Waqar and Akhtar, Muhammad Naeem (2010): Practices of working capital policy and performance assessment financial ratios and their relationship with organization performance. Published in: , Vol. 12, No. 11 (2011): pp. 1967-1973.
Download (45kB) | Preview
The purpose this study is to highlight the application of working capital policy and the performance assessment financial ratios and to determine their relationship with organization performance. The target respondents were the finance executives/financial analysts of the companies. 64 properly filled questionnaires were processed for analysis. This study concludes that the finance executives consider that the proper practices of working capital and financial ratios are very important for the growth and performance of the organization. This research study also finds that there is positive and significant relationship between these practices and organization performance.
|Item Type:||MPRA Paper|
|Original Title:||Practices of working capital policy and performance assessment financial ratios and their relationship with organization performance|
|Keywords:||Working capital policy, financial ratios, corporate sector, organization performance, significant relationship|
|Subjects:||O - Economic Development, Innovation, Technological Change, and Growth > O1 - Economic Development > O16 - Financial Markets ; Saving and Capital Investment ; Corporate Finance and Governance|
|Depositing User:||Ahmed Imran Hunjra|
|Date Deposited:||15. Aug 2012 01:07|
|Last Modified:||25. May 2015 08:59|
Lindgren, C. J., J. T. B. Tomás, E. Charles, G. Anne-Marie, Q. Marc & T. Leslie, 1999. Financial sector crisis and restructuring: lessons from Asia. Occasional Paper 188, International Monetary Fund, Washington D.C.
Nwankwo, O & G. S. Osho, 2010. An Empirical Analysis of Corporate Survival and Growth: Evidence from Efficient Working Capital Management. International Journal of Scholarly Academic Intellectual Diversity, 12(1): 1-13.
Government of Pakistan, 2009. Pakistan Economic Survey 2008-2009. Finance Division Government of Pakistan Islamabad.
Deshpande, R., J. Farley, & F. Webster, 1993. Corporate culture, customer orientation, and innovativeness. Journal of Marketing, 57 (1): 23-37.
Singh, R. K., S. K. Garg, & S. G. Deshmukh, 2008. Strategy development by SMEs for competitiveness: A review of Benchmarking. An International Journal, 15(5): 525-547.
Hawawini, G., P. Viallet, & A. Vora, 1986. Industry influence on corporation working capital decisions. Sloan Management Review, 27: 15 – 24.
Arthur, J, 1992. Basic financial management (p. 649). New Jersey: Prentice Hall Publishers.
Rafuse, M. E, 1996. Working Capital Management: An Urgent Need to Refocus. Journal of Management Decision, 34(2): 59-63.
Deloof, M, 2003. Does Working Capital Management Affects Profitability of Belgian Firms? Journal of Business Finance & Accounting, 30 (3): 573 – 587.
Pandey, J.M, 2006. Financial management (p. 1225). New Dethi: Vikas Publishing Company.
Butt, B. Z., A. I. Hunjra, & K. U. Rehman, 2010. Financial Management Practices and their Impact on Organization Performance. World Applied Sciences Journal, 9 (9): 997-1002.
Ibenta, S. N, 2005. Investment analysis and financial management strategy (p. 45). Enugu: Institute for Development Studies.
Nwankwo, O, 200). Dimensions of financial management (p. 451). Enugu: Jones Communication and Publishers.
Rajan, R. & L. Zingales, 2003. Banks and Markets: The Changing Character of European Finance, University of Chicago Working Paper.
McWilliams, A., & D. Siegel, 2000. Corporate social responsibility and financial performance: correlation or misspecification? Strategic Management Journal, 21: 603–609.
Artiacha, T, D. Leea, D. Nelsonb, & J. Walkera, 2010. The determinants of corporate sustainability Performance. Accounting and Finance, 50: 31–51.
Azhar, A.K.M. & J.R. E. Robert, 2006. On the Measurement of Product Quality in Intra industry Trade. Review of World Economics, 142(3): 476-495.
Bahiraie A.R., A.K.M. Azhar, N.A. Ibrahim, W.W. Abdullah, & M. Ismail, 2008. On the Measurement of Credit Risk: A New Geometric Approach, Presented in: Third International Conference on Mathematics and Statistics, Bogor, Indonesia (icoms3).
Lantto, A. M & P. Sahlström, 2009. Impact of International Financial Reporting Standard adoption on key financial ratios. Accounting and Finance, 49: 341–361.
Muller, G.H., B. W. Steyn, & W.D. Hamman, 2009. Predicting financial distress of companies listed on the JSE-A comparison of techniques. South African Journal of Business Management, 40(1): 21-32.
McCaffery, K., R. Hutchinson, & R. R. Jackson, 1997. Aspects of the finance function: a review and survey into the UK retailing sector. The International Review of Retail, Distribution and Consumer Research, 7(2): 125-144.
Jimenez, D. G., & J.G. C. Navarro, 2006. The performance effect of organizational learning and market orientation, Industrial Marketing Management.
Deakin E., 1976. On the Nature of Distribution of Financial Accounting Ratios: Some Empirical Evidence. The Accounting Review, 51: 90-97.