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WORKING CAPITAL MANAGEMENT AND PROFITABILITY OF FISHERIES ENTERPRISES BY APPLYING GMM |
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| รหัสดีโอไอ | |
| Creator | Thu-Trang Thi Doan |
| Title | WORKING CAPITAL MANAGEMENT AND PROFITABILITY OF FISHERIES ENTERPRISES BY APPLYING GMM |
| Contributor | - |
| Publisher | TuEngr Group |
| Publication Year | 2563 |
| Journal Title | International Transaction Journal of Engineering, Management, & Applied Sciences & Technologies |
| Journal Vol. | 11 |
| Journal No. | 5 |
| Page no. | 11A05E: 1-9 |
| Keyword | Cash conversion cycle, Generalized Method of Moment (GMM), Profitability of fisheries enterprises, Supply chain finance, Enterprise size, Working capital management, Vietnam. |
| URL Website | http://TuEngr.com/Vol11_5.html |
| Website title | ITJEMAST V11(4) 2020 @ TuEngr.com |
| ISSN | 2228-9860 |
| Abstract | This article uses the Generalized Method of Moment (GMM) to analyze the impacts of working capital management on the profitability of fisheries enterprises in Vietnam. Not only that, the author also considers the role of the supply chain finance in this impact, which is new to this study compared to the previous studies. The study data is collected from 20 fishery enterprises listed on Vietnam's stock market, for the period of 2010-2018. The study results show that the profitability (ROA) of the enterprises is negatively affected by accounts receivable period (AR), inventory period (INV), accounts payable period (AP) and cash conversion cycle (CCC). In addition, this study has found significant impacts of enterprise size (SIZE), leverage (LEV), economic growth (GDP) and inflation (INF) on profitability (ROA) of the enterprise. The study results are a reliable basis to help managers at the fisheries enterprises to better understand the impact of working capital management and especially the supply chain finance on the profitability of the enterprise. |
