Abstract-Working capital is needed for day-to-day operations of a firm. The primary purpose of this research was to examine the effects of working capital management on profitability. The regression analysis was based on a panel sample of 255 companies listed on the Stock Exchange of Thailand from 2007 through 2009. The results revealed a negative relationship between the gross operating profits and inventory conversion period and the receivables collection period. Therefore, managers can increase the profitability of their firms by shortening the cash conversion cycle, inventory conversion period, and receivables collection period. However, they cannot increase profitability by lengthening the payables deferral period. The findings also demonstrated that industry characteristics have an impact on gross operating profits.

No abstract

No abstract

No abstract

<p>Product innovation is as a vital tool for nascent entrepreneurs seeking to achieve a competitive advantage. This study investigates the integrated and complex relationships that exist between innovation and entrepreneurship by using partial least squares structural equation modelling (PLS-SEM). Entrepreneurial product innovation is tested with second-order factors comprised of entrepreneurial personality, technological opportunity and incubator resources. For this purpose, the empirical research used data from 389 incubated start-ups in Thailand. The study found that these three antecedents are significant for product innovation with effects of varying size. The study magnifies the prominent role of business incubators in fostering entrepreneurial capabilities to boost new products/services. Moreover, the findings suggest that the incubation centre resources mediate the influence of entrepreneurial characteristics by expediting and facilitating product innovation.</p>