THE RELATIONSHIP BETWEEN WORKING CAPITAL MANAGEMENT AND FIRM'S PROFITABILITY: AN EMPIRICAL INVESTIGATION IN VIETNAM

被引：0
|
作者：
Tuyen Kim Thi Nguyen [1 ]
Hien Thanh Thi Cao [1 ]
Vu Hoai Phan [1 ]
Thien Phuc Nguyen [1 ]
机构：
[1] Ton Duc Thang Univ, Fac Accounting, 19 Nguyen Huu Tho,Tan Phong Ward,Dist 7, Ho Chi Minh City, Vietnam
来源：
PROCEEDINGS OF THE 3RD INTERNATIONAL CONFERENCE ON FINANCE AND ECONOMICS 2016 | 2016年
关键词：
Working capital; profitability; relationship;
D O I：
暂无
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
In this paper, the authors investigate 50 different firms listed on Ho Chi Minh Stock Exchange (HOSE) and Hanoi Stock Exchange (HNX) operating in 5 sectors of power - electricity - gas, plastics-packaging, production - trading, steel, and food for the period of 2008 - 2014. Variables of cash conversion cycle and net trading cycle are used to assess the effect of working capital management. Using methods of descriptive statistics, Pearson correlation analysis and multivariate regression analysis, the results indicate that there is a relationship between the firm's working capital management, firm size, current ratio, debt ratio and its profitability. The results of this study should be of interest to executives and major stakeholders, such as creditors, investors and financial analysts, ...
引用
收藏
页码：701 / 709
页数：9
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