This paper studies the joint business cycle dynamics of inflation, money growth, nominal and real interest rates and the velocity of money. I extend and estimate a standard cash and credit monetary model by adding idiosyncratic preference shocks to cash consumption as well as a banking sector. The estimated model accounts very well for the business cycle data, a finding that standard monetary m...

Abstract The aim of the study is to explore interaction effect macroeconomics indicators, and working capital flows on financial performance in a developing economy. By using static dynamic approach panel analysis, it has been shown that there relationship between components gross profit cash conversion duration. Second, while interest rates used as an variable with average payable days have ad...

Abstract This study investigates the relationship between working capital management and sustainable growth, taking into account mediating role of profitability. The uses a sample non-financial companies that were listed on Thai Stock Exchange 2010 2020. documents absence direct growth using fixed effects regression models. Nonetheless, it is found profitability appears to be factor in this rel...

We investigate the financial and real implications of corporate cash holdings over different capital market conditions in the period 1972-2008. A recent theoretical work implies that the value of corporate liquidity varies with the supply of external capital and should be higher during market-wide liquidity shocks. We find that for an average firm a marginal dollar in cash holdings has the same...

The study examines the influence of cash conversion cycle (one components working capital) on firm profitability measured in terms return equity (ROE), assets (ROA), Tobin’s q, and gross operating profit (GROP) manufacturing sector Saudi Arabia. selects a sample 100 companies from nine industrial sectors listed Tadawul Stock Exchange starting 2008 to 2019. A pooled regression is estimated repor...

The purpose is to investigate the effect of account receivables and inventory conversion cycle on performance Manufacturing Firms Listed Ghana Stock Exchange. paper adopted cross-sectional study which adopts quantitative research approach. A panel data six (6) listed Ghanaian manufacturing firms exchange for periods 2011 2020 was used study. Data obtained from audited financial statements firms...

The study empirically examines the specific measures of working capital management with organizational profitability. also compares results technology and communication sector power generation distribution listed in Pakistan stock exchange. empirical data used this research is secondary taken from annual reports companies exchange for period 2013 to 2019. uses return on asset equity as dependen...