Controversy about the fairness of early transitions from traditional definedbenefit plans to cash-balance plans may have over-shadowed the subtleties of funding a cash-balance pension liability. Because crediting rates of cashbalance liabilities float with market rates, the same techniques used to value and hedge floating-rate bonds provide the present-value cost and effective duration of a cas...

Price rigidity is the key mechanism for propagating business cycles in traditional Keynesian theory. Yet the New Keynesian literature has failed to show that sticky prices by themselves can e¤ectively propagate business cycles in general equilibrium. We show that price rigidity in fact can (by itself) give rise to a strong propagation mechanism of the business cycle in standard New Keynesian mo...

Today, one of the main priorities in Europe is to introduce measures increase environmental protection. Therefore, SMEs operating branch related renewable energy are essential for several EU priorities. can also be vulnerable, especially during times crisis, which could negatively affect development. this paper aims evaluate and analyze financial security management COVID-19 pandemic. The resea...

The study is aimed at investigating the following issues: firstly, whether different types of working capital, namely operating and non-operating capital influence short-term (return on assets) long-term (Tobin’s Q) firm performance differently, secondly measures disaggregated aggregated (cash conversion cycle) differently. It uses panel data 208 listed non-financial firms in Malaysia covering ...

The purpose of the study was to investigate effect cash management practices on financial performance manufacturing firms in Mombasa County. used cross sectional research design. population consisted 25 County which were members Kenya Association Manufacturers. Stratified random sampling technique select a sample size 129 respondents with help Yamane formula. quantitative nature and primary dat...

The paper aims to determine factors that make a significant impact on working capital management of manufacturing company in Bangladesh. Of 221 service and firms listed the Dhaka Stock Exchange, 109 companies are chosen based data availability for five-year period 2014-2018. study examines literature tests theory Exchange. Cash conversion cycle is used as measurement efficiency. Financial ratio...

This study examines the relationship between financial performance and working capital management practices of South African retail firms listed on Johannesburg Stock Exchange. The sample comprised a panel 16 for period 2010–2019. A fixed-effects estimator was employed in analysis. proxied by average age inventory (AAI), collection (ACP), payment (APP), cash conversion cycle (CCC), while net op...

Management of working capital is one the key functions in financial management. Working management has its impact on liquidity and profitability firm. Because importance, this study examines firms’ value listed companies Sri Lanka. Financial data from forty-one Colombo Stock Exchange for period four years, which comprises 205 firm-year observations were analysed using panel regression analysis....

Small and medium-sized businesses contribute significantly to the economic development of any nation endeavor enhance business climate. One main areas that affects these small medium enterprises their profitability sustainability in market is working capital management. The goal this paper analyze relationship between management SMEs’ Egyptian context. To achieve goal, article uses annual repor...