Research Journal of Finance and Accounting
The Impact of Working Capital Management on Firm Profitability: A Comparison Between Seasonal and Non-Seasonal Businesses
Abstract
The study examines the impact of working capital management (cash conversion cycle) on firm profitability and provides a comparison between seasonal and non-seasonal businesses of Pakistan by using the time period of 5 years (2013-2018). The study finds a negative impact of working capital management on firm profitability. Moreover, the study finds no difference between seasonal and non-seasonal businesses in terms of working capital management and firm profitability. The study suggests reducing the length of cash conversion cycle to increase profitability.
Keywords: Return on Asset, Working Capital Management, Profitability, Earnings per share
DOI: 10.7176/RJFA/10-15-02
Publication date: August 31st 2019
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ISSN (Paper)2222-1697 ISSN (Online)2222-2847
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