Determinants of Working Capital Management of Manufacturing Firms in Ghana Under Innovative Work Behaviour Perspective

Yakubu, Ibrahim Nandom; Kapusuzoğlu, Ayhan; Ceylan, Nildağ Başak

doi:10.1007/978-3-030-50131-0_14

Cited by 4 publications

(3 citation statements)

References 24 publications

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“…The authors concluded that INV is an important element affecting the dividend policy decisions of firms in Ghana. Yakubu et al (2020) examined the determining factor of WCM of manufacturing firms listed on the GSE under innovative work behavior viewpoint, using the GMM on firm-level and macroeconomic data spanning 2007-2016. The authors found that a manufacturing firm's WCM is substantially moved by profitability, growth opportunities, operating cycle leverage, and SIZE.…”

Section: Empirical Literaturementioning

confidence: 99%

“…For instance researchers such as Tauringana & Afrifa (2013), Hamza et al (2015), Donkor (2015), Attom (2016), Lamptey et al (2017), Afrifa et al (2018), Lamptey et al (2020), (Braimah et al (2021) focused their attention on the SME sector; Akoto et al (2013), Korankye & Adarquah (2013), Adam et al (2017), Pempeh (2018), Adam and Quansah (2019), Akomeah et al (2019), Amponsah and Asiamah (2020), Asiedu et al (2020), Yakubu et al (2020) concentrated on the manufacturing sector; Yeboah & Agyei (2012), Agyei et al (2013)on the Banking sector; Frimpong (2018), Obeng et al (2021) on Non-financial firms; Yakubu et al (2017), Yakubu (2021) on Listed non-financial firms (LNFFs).…”

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confidence: 99%

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The Impact of Working Capital Management on the performance of Listed Firms: Evidence of an Emerging Economy

Essel

Brobbey

2021

IJIM

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The aim/purpose of this scientific inquiry is to empirically examine the impact of working capital management (WCM) [cash conversion cycle (CCC), number of days inventory (INV), number of days account receivable (AR), number of days account payable (AP)] and control variables [sales growth (GROW), size (SIZE), leverage (LEV), current ratio (CR) fixed financial assets to total assets (FFA)] on firm performance (FP) [ROA, Tobin’s Q (TQ)] in the context of an emerging economy, Ghana. The research used a dynamic panel System of Generalized Method of Moment (GMM) to test the hypotheses. Utilizing financial data extracted from final accounts of 36 listed companies, spanning 2010-2019, the study examined WCM-performance-nexuses by following the methodologies of researchers/scholars in extant literature. Findings/Results indicates that, whilst INV, AR, LEV demonstrated negative/inverse/indirect associations with FP; AP, GROW, SIZE, CR, FFA depicted positive/direct associations with FP. CCC however, exhibited a quadratic concave relationship with ROA.

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Section: Empirical Literaturementioning

confidence: 99%

mentioning

confidence: 99%

The Impact of Working Capital Management on the performance of Listed Firms: Evidence of an Emerging Economy

Essel

Brobbey

2021

IJIM

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“…A. &Aawaar, G., 2018;Moussa, A. Ahmed, 2019;Yakubu, I. N., Kapusuzoglu, A. &Ceylan, N. B., 2020, andTjandra, C. K., Murhadi, W. R. &Herlambang, A., 2022).…”

Section: Review Of Previous Researchmentioning

confidence: 99%

The Effect of Receivable Turnover on Working Capital of Automotive Companies During The COVID-19 Pancemic, Through Liquidity as an Intervening Variable

Anfas,

Rahim,

Nurdin

et al. 2023

ISBEST

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This study aims to determine the effect of accounts receivable turnover on working capital either directly or indirectly through liquidity as an intervening variable. The research was conducted on automotive companies on the Indonesia Stock Exchange (IDX) for the 2019-2022 period. The research data is secondary data taken from the company's financial statements. While data analysis using regression analysis. The results of the study show that receivables turnover, both directly and indirectly, has no significant effect on the company's working capital during the economic crisis due to the COVID-19 pandemic. Receivable turnover also has no significant effect on the liquidity of automotive companies on the IDX. Likewise, liquidity has no significant effect on the company's working capital.

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Boardroom dynamics: The power of board composition and gender diversity in shaping capital structure

Yakubu

Oumarou²

2023

Cogent Business & Management

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Determinants of Working Capital Management of Manufacturing Firms in Ghana Under Innovative Work Behaviour Perspective

Cited by 4 publications

References 24 publications

The Impact of Working Capital Management on the performance of Listed Firms: Evidence of an Emerging Economy

The Impact of Working Capital Management on the performance of Listed Firms: Evidence of an Emerging Economy

The Effect of Receivable Turnover on Working Capital of Automotive Companies During The COVID-19 Pancemic, Through Liquidity as an Intervening Variable

Boardroom dynamics: The power of board composition and gender diversity in shaping capital structure

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