INTERNATIONAL RESEARCH JOURNAL OF BUSINESS STUDIES
Vol 11, No 1 (2018): April-July 2018

Impact of Working Capital Management on Profitability of the Selected Listed FMCG Companies in India


Jana, Debabrata ( Research Scholar, Vidyasagar University, Purba Medinipur, West Bengal. )



Article Info

Publish Date
11 Jun 2018

Abstract

Working capital management plays a vital role in the success of businesses because of its effect on profitability and liquidity. The purpose of this study is to examine the relationship and the efficiency of the working capital management strategies of FMCG Company in India. The study used secondary data collected from all the fifteen listed FMCG Company covering the period from 2013-2017. Using panel data analysis, the study finds a significantly positive and negative relationship between profitability and working capital management. Therefore, efficient management of working capital for FMCG Company not only has a positive relationship with profitability but significantly impacts on such firm’s profitability.Keywords:  Working Capital Management, Profitability, Fixed Effect Model, Random Effect Model, Hausman Test https://doi.org/10.21632/irjbs.11.1.21-30 


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Journal Info

Abbrev

jurnalirjbs

Publisher

Subject

Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Social Sciences

Description

International Research Journal of Business Studies (IRJBS), with registered number ISSN 2089-6271 (Print) and ISSN 2338-4565 (Online), is an open access and peer-reviewed scientific journal published by Prasetiya Mulya Publishing, Universitas Prasetiya Mulya. IRJBS published three times a year ...