التفاصيل البيبلوغرافية
| العنوان: |
The Impact of Working Capital Management on Financial Performance of Cost Leadership and Differentiation Strategy Firms in Different Business Cycles: Evidence from New Zealand. |
| المؤلفون: |
Ameer, Rashid, Othman, Radiah |
| المصدر: |
Journal of Asia-Pacific Business; Jan-Mar2021, Vol. 22 Issue 1, p39-57, 19p |
| مصطلحات موضوعية: |
BUSINESS cycles, WORKING capital, FINANCIAL performance, FINANCIAL management, PERFORMANCE management, BUSINESS enterprises, VALUE creation |
| مصطلحات جغرافية: |
NEW Zealand |
| مستخلص: |
We examine the impact of managing working capital on financial performance in New Zealand over the period of 2005 to 2017. Our empirical analysis provides evidence of a nonlinear relationship between working-capital management and financial performance. In addition, our finding seems to suggest that a cost leadership strategy firm is more efficient at managing working capital than a differentiation strategy firm. Specifically, our findings imply that managers of the firms with a cost-leadership strategy created more value by reducing net-trade cycle by 40 days. Our research has implications for managing trade receivables and inventories given their importance for firms' survival. [ABSTRACT FROM AUTHOR] |
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| قاعدة البيانات: |
Complementary Index |
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