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 |