The relationship between working capital management and profitability: empirical evidence from Morocco

مقدم أطروحة جامعية

Ibrahimi, Manal

مشرف أطروحة جامعية

Aguenaou, Samir

الجامعة

جامعة الأخوين

الكلية

كلية إدارة الأعمال

دولة الجامعة

المغرب

الدرجة العلمية

ماجستير

تاريخ الدرجة العلمية

2013

الملخص الإنجليزي

This research investigates the relationship between working capital management and profitability of firms using a sample of 48 non-financial firms listed on Casablanca Stock Exchange for a period of 7 years from 2006 to 2012.

The profitability measures used in this study as dependent variables are the return on assets (ROA) and the gross operating incomeas a percentage of total asset minus financial assets (GOI).

In addition, as independent variables, the study includes a comprehensive measure of working capital management that is the cash conversion cycle and its components: inventory conversion cycle, average collection period, and payables deferral period.

The findings show that there is a statistically significant positive relationship between cash conversion cycle and gross operating income, and between inventory conversion cycle and GOI.

This empirical research reveals that Moroccan firms can increase their profitability by correctly handling their cash conversion cycle and by managing to hold an optimal level of inventory.

Therefore, an efficient management of working capital can have a positive impact on profitability of Moroccan firms.

التخصصات الرئيسية

إدارة الأعمال

الموضوعات

• الإدارة
• رأس المال
• المغرب

عدد الصفحات

45

قائمة المحتويات

• APA
• MLA
• AMA

لغة النص

الإنجليزية

نوع البيانات

رسائل جامعية

رقم السجل

BIM-626296