Record Details

Working capital management and firm profitability during a period of financial crisis: empirical study in emerging country of Vietnam

Advances in Social Sciences Research Journal

View Archive Info
 
 
Field Value
 
Title Working capital management and firm profitability during a period of financial crisis: empirical study in emerging country of Vietnam
 
Creator VU, Manh Chien
Phan, Thanh Tu
 
Subject Business, Finance, Management
Working capital management, firm profitability, financial crisis, stock exchange, Vietnam
—
 
Description This paper analyzes the relationship between working capital management and profitability from operations of 121 firms listed on the two stock exchanges, i.e. Hanoi Stock Exchange (HNX) and Ho Chi Minh Stock Exchange (HOSE) in the period 2008-2012. The research result has indicated that Receivables Collection Period (RCP), Ratio of debt to total assets (LEV), Current Ratio (CR) has negative correlation; whereas Growth of Sales (GOS) and Size of Companies (SIZE) have positive with the firm’s return on equity (ROE). The research findings of researches provide experimental evidence to confirm the important role of working capital management that has direct effect on profitability of firms. Particularly in financial crisis, the managers should accord a particular attention on solutions concerning Receivables Collection Period; by justifying the Leverage and Current Ratio at reasonable level; by enhancing measures for increasing the growth of sale in order to stabilize the firm
 
Publisher Advances in Social Sciences Research Journal
 
Contributor —
 
Date 2016-03-31
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://www.scholarpublishing.org/index.php/ASSRJ/article/view/1816
10.14738/assrj.33.1816
 
Source Advances in Social Sciences Research Journal; Vol 3, No 3 (2016): Advances in Social Sciences Research Journal
10.14738/assrj.33.2016
 
Language eng
 
Relation http://www.scholarpublishing.org/index.php/ASSRJ/article/view/1816/pdf
http://www.scholarpublishing.org/index.php/ASSRJ/article/downloadSuppFile/1816/151
 
Rights Copyright (c) 2016 Advances in Social Sciences Research Journal