العلاقة التبادلية بين طول دورة التحويل النقدي و الربحية في الشركات الصناعية المساهمة العامة الأردنية

Abstract EN

The purpose of this study is to test Cash Conversion Cycle "C.C.C" (and its components: Days Sales Outstanding "DSO", Inventory Conversion Period "ICP", Payables Deferral Period "DPO") effects on corporate profitability and vice versa, to estimate which of them is determine to the other.

Econometrics model which depends on panel data were used to test relationships.

Eight Fixed Effects Regression Models were run, in the first four regression corporate profitability was considered as dependent variable and CCC, DSO, ICP, DPO, as independent variable separately, in the second four regression corporate profitability was considered as independent variable.

The tow results were compared to decide which variable determinant of other.

The results showed that there is unequal negative effects between C.C.C (and its components) and corporate profitability, where as the corporate profitability can be considered as determining factor of C.C.C and "DSO", while "ICP" can be considered as determining factor of corporate profitability, also there is almost equal negative effects between corporate profitability and "DPO".

Some recommendations were suggeste.