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RELATIONSHIP OF WORKING CAPITAL TO CORPORATE PERFORMANCE AND STOCK PRICE: EVIDENCE FROM THE MANUFACTURING SECTOR OF PAKISTAN |
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| รหัสดีโอไอ | |
| Creator | Noheed Khan, Muhammad Bilal, Imran Riaz Malik, Abdul Rauf Kashif, Abdul Rehman Sajid |
| Title | RELATIONSHIP OF WORKING CAPITAL TO CORPORATE PERFORMANCE AND STOCK PRICE: EVIDENCE FROM THE MANUFACTURING SECTOR OF PAKISTAN |
| Contributor | - |
| Publisher | TuEngr Group |
| Publication Year | 2563 |
| Journal Title | International Transaction Journal of Engineering, Management, & Applied Sciences & Technologies |
| Journal Vol. | 11 |
| Journal No. | 13 |
| Page no. | 11A13U: 1-11 |
| Keyword | Current ratio (CR), Cash, Stock Price (SP), Net operating profitability, Working capital management (WCM), Cash conversion cycle (CCC), Inventory turnover. |
| URL Website | http://TuEngr.com/Vol11_13.html |
| Website title | ITJEMAST V11(13) 2020 @ TuEngr.com |
| ISSN | 2228-9860 |
| Abstract | Working capital plays a significant role in the manufacturing sector. The recent study is based on the manufacturing sector of Pakistan. Thirteen manufacturing sectors were selected for this research. For analyzing the results, a univariate test was performed under a generalized linear model. The results reveal that cash has a negative impact on operating profitability. The Construction & Materials, Automobiles & Parts, Forestry & Paper, and Food Product sectors experience negative impacts on operating profitability. The Pharma & Biotech and the Chemicals sectors see highly negative impacts on operating profitability. Working capital management in some sectors have positive and some have negative impacts on the stock price. |
