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2011 | 5 | nr 4 | 68--81
Tytuł artykułu

The Influence of Working Capital Management on the Food Industry Enterprises Profitability

Treść / Zawartość
Warianty tytułu
Języki publikacji
EN
Abstrakty
EN
The article presents the results of working capital management efficiency in the food industry in Poland and selected countries of the Eurozone. The research was conducted on the basis of the unpublished data by the Polish Central Statistical Office in the trade structure and dimension of food industry enterprises in Poland in the period of 2005-2009, and comparatively, in respect of the food sector in selected Eurozone countries. The working capital management efficiency was assessed by means of the inventory, accounts receivables, current liabilities turnover cycles, cash conversion cycle, and in respect of the obtained rates of return from non-financial assets. The research proved that in the food industry sectors with the shortest working capital cycles, relatively higher rates of profitability were obtained. A favorable influence of working capital cycles reduction of the profitability was also verified by means of a multiple regression analysis. (original abstract)
Rocznik
Tom
5
Numer
Strony
68--81
Opis fizyczny
Twórcy
  • Poznan University of Life Sciences, Poland
  • Poznan University of Life Sciences, Poland
Bibliografia
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  • Mohamad N.E.A, Saad N.B.M. (2010). Working capital management: The effect of market valuation and profitability in Malaysia. International Journal of Business and Management vol. 5(11): 140-147.
  • Nabone H., Abdullatif M., Al Hajjar M. (2010). Cash conversion cycle and firm's performance of Japanese firms. Social Science Research Network. Dostępne na: http://papers.ssrn.com .
  • Niepublikowane dane Głównego Urzędu Statystycznego: F0-2, statystyczne sprawozdanie fi nansowe, produkcja artykułów spożywczych, produkcja napojów, GUS, Warszawa, 2011.
  • [Unpublished Data of the Central Statisitical Office: F0-2, statistical financial statement, groceries production, bevereages production, GUS, Warsaw, 20011.]
  • Ózbayrak M., Akgiin M. (2006). The effects of manufacturing control strategies on the cash conversion cycle in manufacturing systems. International Journal of Production Economics, vol. 103: 535-550.
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  • Polska Klasyfikacja Działalności - PKD: Załącznik do rozporządzenia Rady Ministrów z 24.12.2007, Dz. U. 251, poz. 1885, GUS, Warszawa, 2007. Dostępne na: http://www.stat.gov.pl/[Polish Classification of Activity - PKD: Annex to Ordinance of the Council of Ministers of December 24, 2007, Official Journal 251, item 1885, Central Statisitical Office, Warsaw, 2007. Available on: http://www.stat.gov.pl/]
  • Raheman A., Nasr M. (2007). Working capital management and profitability - Case of Pakistani firms. International Review of Business Research Papers vol. 3(1): 279 - 300.
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  • Shin H. H., Soenen L. (1998). Efficiency of working capital management and corporate profitability. Financial Practice and Education vol.8(2): 37-45.
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  • PWN. [Enterprise Assessment by Means of World Standards, Warsaw: PWN]
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Typ dokumentu
Bibliografia
Identyfikatory
Identyfikator YADDA
bwmeta1.element.ekon-element-000171259425

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