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Working Capital Approaches and Firm's Profitability of Manufacturing Companies in Sri Lanka

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dc.contributor.author Pirashanthini, S.
dc.contributor.author Tharmila, K.
dc.contributor.author Velnampy, T.
dc.date.accessioned 2014-08-01T05:53:11Z
dc.date.accessioned 2022-06-27T04:30:23Z
dc.date.available 2014-08-01T05:53:11Z
dc.date.available 2022-06-27T04:30:23Z
dc.date.issued 2013-12-28
dc.identifier.uri http://repo.lib.jfn.ac.lk/ujrr/handle/123456789/660
dc.description.abstract Working capital is a vital part of business investment which is essential for continuous business operations. It is required by a firm to maintain its liquidity, solvency and profitability. Working Capital management explicitly impacts on both the profitability and level of desired liquidity of a business. In a way, the present is initiated to find out the relationship between the aggressive working capital policies and profitability, and to identify the impact of working capital policies on profitability with the samples of twenty Manufacturing companies listed under Colombo stock exchange (CSE) in Sri Lanka. Data representing the period of 2008-2012 were used for the survey. The correlation and regression model have been used to investigate the relationship among variables and impact of working capital approaches on returns of firms. The study found that there is no relationship between the profitability measures of firms and working capital investment and financing policies. Further, the working capital aggressive investment and financing policies have no impact on profitability measures of ROA and ROE. en_US
dc.language.iso en en_US
dc.subject Working capital en_US
dc.subject Aggressive investment policy en_US
dc.subject Aggressive financing policy en_US
dc.title Working Capital Approaches and Firm's Profitability of Manufacturing Companies in Sri Lanka en_US
dc.type Article en_US


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