Working capital management`s effect on profitability

Název práce: Working capital and profitability of manufacturing companies
Autor(ka) práce: Kaikaryte, Gabija
Typ práce: Diploma thesis
Vedoucí práce: Procházka, David
Oponenti práce: Žárová, Marcela
Jazyk práce: English
Abstrakt:
The financial state of the most companies was significantly challenged by the last decade. Thus, financial managers must be aware of all factors that can contribute to the firm`s profitability in order to fight unstable economical environment. Working capital management`s effect on profitability has been raised recently and its importance is already known. This thesis aims to dig deeper into the relationship between working capital management and firm`s profitability across different sectors and different time periods. The subject for the empirical analysis are 908 UK manufacturing and 315 construction firms during the period of 2006-2013. The results indicate about the strong negative relationship between working capital, measured as cash conversion cycle (CCC) and gross operating profitability. Thus, it is an indicator that working capital and its characteristics must be included in the firm`s financial planning.
Klíčová slova: Profitability; Working capital; Business cycle
Název práce: Working capital management`s effect on profitability
Autor(ka) práce: Kaikaryte, Gabija
Typ práce: Diplomová práce
Vedoucí práce: Procházka, David
Oponenti práce: Žárová, Marcela
Jazyk práce: English
Abstrakt:
The financial state of the most companies was significantly challenged by the last decade. Thus, financial managers must be aware of all factors that can contribute to the firm`s profitability in order to fight unstable economical environment. Working capital management`s effect on profitability has been raised recently and its importance is already known. This thesis aims to dig deeper into the relationship between working capital management and firm`s profitability across different sectors and different time periods. The subject for the empirical analysis are 908 UK manufacturing and 315 construction firms during the period of 2006-2013. The results indicate about the strong negative relationship between working capital, measured as cash conversion cycle (CCC) and gross operating profitability. Thus, it is an indicator that working capital and its characteristics must be included in the firm`s financial planning.
Klíčová slova: Working capital; Business cycle; Profitability

Informace o studiu

Studijní program / obor: Finance and Accounting
Typ studijního programu: Magisterský studijní program
Přidělovaná hodnost: Ing.
Instituce přidělující hodnost: Vysoká škola ekonomická v Praze
Fakulta: Fakulta financí a účetnictví
Katedra: Katedra finančního účetnictví a auditingu

Informace o odevzdání a obhajobě

Datum zadání práce: 30. 11. 2016
Datum podání práce: 1. 6. 2017
Datum obhajoby: 8. 6. 2017
Identifikátor v systému InSIS: https://insis.vse.cz/zp/59844/podrobnosti

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