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- Title
Empirical Testing of Working Capital Administration on firm's Corporate Profitability: Evidence from Chinese Non-Financial Firms.
- Authors
Ahmad, Yaqoob; Rehman, Alam; Hussain, Arif; ud din, Iqbal
- Abstract
This study spotlight the impact of working capital management on profitability of Chinese nonfinancial firms. Panel data of 1213 non-financial firms has been used and obtained from Resset Database for a period 2007-2016. In this study dependent variable was profitability and measured by ROE and ROA while independent variables were average receivables in days, inventory turnover in days, cash ratio, debt ratio, size and growth. The study employed Fixed and Random effect models and concluded that average receivable in days, inventory turnover in days, account payables in days and current ratio has negative effect while sales growth and leverage has a positive effect on profitability.
- Subjects
EMPIRICAL research; DATABASES; PROFITABILITY; BUSINESS turnover; WORKING capital
- Publication
Discourse (2521-5337), 2018, Vol 4, Issue 1, p1
- ISSN
2521-5337
- Publication type
Article