The dynamics of firm growth, size and liquidity constraints for Botswana listed firms

Mbulawa, Strike; Ogbenna, Francis

doi:10.22437/ppd.v6i4.6018

Cited by 2 publications

(4 citation statements)

References 10 publications

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“…The possible explanation can be that the smaller firms tend to grow quickly as compare to their counterparts. The negative impact of size on firm sales growth is consistent with (Quader, 2017;Oliveira & Fortunato, 2017;Abuhommous, 2017;Hedija, 2017;Krasniqi & Lajgi, 2018;Arouri et al, 2018;Fiala & Hedija, 2019;Yang &Tsou, 2019;Mbulawa & Ogbenna, 2019;Bai et al, 2020;Lin & Wu, 2020).…”

Section: Volatility and Firm Growthsupporting

confidence: 62%

“…Simbana-Taipe, Mullo, Chuquin, Morales-Urrutia and Sanchez (2019) have reported that cash and firm growth are positively associated. Similarly, a number of researchers have reported a positive impact of cash on growth of the firm (Serrasqueiro & Nunes, 2016;Mbulawa & Ogbenna, 2019;Bai et al, 2020). On the other hand, Thu and Khuong (2018) did not find any significant relationship between cash holdings and firm growth.…”

Section: Determinants Of Firm Growthmentioning

confidence: 94%

“…We also find a positive connection between cash and firms'sales growth in all the models. Numerous researchers have reported positive impact of cash on firm growth (Moore et al, 2009;Serrasqueiro & Nunes, 2016;Mbulawa & Ogbenna, 2019;Bai et al, 2020).…”

Section: Volatility and Firm Growthmentioning

confidence: 99%

See 2 more Smart Citations

Impact of Volatility on Firm Sales Growth Some Insights from Pakistan

Rauf¹,

Rashid²

2021

BER

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This paper empirically investigates how firm level, industrial level, market level and macroeconomic volatilities influencePakistani non-financial firms’ sales growth. It also examines how interactions between different kinds of volatilities affect sales growth. The empirical analysis is carried out using unbalanced annual panel data set covering the period 1988-2017.The results indicate that although all types of volatilities assert negative impacts, the intensity of the impact is quite different across different volatilities. Macroeconomic volatility has the highest adverse impact followed by firm volatility. Unexpectedly, the results provide evidence that one type of volatility significantly reduces the adverse impact of other type of volatility. These findings imply that firms may design and implement more effective sales growth strategies in periods when they face more than on type of volatility.

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Section: Volatility and Firm Growthsupporting

confidence: 62%

Section: Determinants Of Firm Growthmentioning

confidence: 94%

See 1 more Smart Citation

Impact of Volatility on Firm Sales Growth Some Insights from Pakistan

Rauf¹,

Rashid²

2021

BER

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“…This positive relationship is also reported by Megaravalli and Sampagnarob (2018) for a sample of Indian firms, although being observed in two different groups of high and low growth firms which renders those estimates not robust. A further positive relationship is also reported by Mbulawa and ogbenna (2019) for the firms listed in Botswana. Maksimovic, et al, (2015) argue that liquidity being a source of short-term financing helps absorb shocks in the product market.…”

Section: Resultsmentioning

confidence: 63%

إختبار المحددات المالية لنمو الشركة(باللغة الانجليزية)

صديق,

بخيت

2023

مجلة الاسکندرية للبحوث المحاسبية

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The corporate finance literature has put significant emphasis on how firms make financing, investment and dividend decisions in order to help the firm to grow. It is quite plausible to assume that firms must make productive investment decisions and provide the efficient financing (internal and external) required for investment. One common interest in the literature of corporate finance is that firms must grow in order to secure existence in the market. Positive growth helps firms compete in the market. Negative growth threatens the existence of the firms.Considering that a firm is a nexus of relationships (Eisenberg, 1998;Boatright, 2002;Saint, 2005) that are commonly referred to as contractual relationships, the existence of the firm is interrelated with the interests of diverse of stakeholders where growth of the firm offers benefits to all. This argument implies that growth of the firm is also affected by many factors. A convenient classification to these factors considers that growth of the firm might be related to three groups.The first group includes the inner factors that are under the management control. The second group includes the factors that are related to the market where a firm operates. The third group includes the factors that are related to institutional arrangements that a government regulates to either help firms grow or decline. This paper examines the collective nexus of factors that affect growth of the firm.

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The dynamics of firm growth, size and liquidity constraints for Botswana listed firms

Cited by 2 publications

References 10 publications

Impact of Volatility on Firm Sales Growth Some Insights from Pakistan

Impact of Volatility on Firm Sales Growth Some Insights from Pakistan

إختبار المحددات المالية لنمو الشركة(باللغة الانجليزية)

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