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Impact of Working Capital Management on Firm Profitability in Textile Sector.
- Source :
- IUP Journal of Accounting Research & Audit Practices; Jan2023, Vol. 22 Issue 1, p42-56, 15p
- Publication Year :
- 2023
-
Abstract
- The paper evaluates the effect of Working Capital Management (WCM) on firm profitability of selected textile companies in India. The study is based on secondary data collected by CMIE from the companies’ annual reports for the years 2011-2020. Regression analysis is used on a panel sample of 98 companies from India’s Bombay Stock Exchange. Various financial ratios related to Working Capital (WC) and profitability and panel data techniques like Fixed Effect Model, Random Effect Model and Hausman test, etc. are also used. The results showed that WCM has a significant impact on a firm’s profitability in the textile sector. [ABSTRACT FROM AUTHOR]
Details
- Language :
- English
- ISSN :
- 0972690X
- Volume :
- 22
- Issue :
- 1
- Database :
- Complementary Index
- Journal :
- IUP Journal of Accounting Research & Audit Practices
- Publication Type :
- Academic Journal
- Accession number :
- 162858800