Approaches to Working Capital Management: A Study on Indian FMCG Companies

Bagchi, Bhaskar

ISBN 10: 3846537985 / ISBN 13: 9783846537985

Published by LAP LAMBERT Academic Publishing, 2012

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Bibliographic Details

• Title: Approaches to Working Capital Management: A Study on Indian FMCG Companies
• Publisher: LAP LAMBERT Academic Publishing
• Publication Date: 2012
• Language: English
• ISBN 10: 3846537985
• ISBN 13: 9783846537985
• Binding: paperback
• Condition: New
• Book Type: book

About this title

Synopsis

This book aims to explore the impact of components of working capital management on profitability of Indian FMCG firms for ten years period from 2000-01 to 2009-10. Working capital management is considered to be a vital issue in financial management decision and it affects both liquidity and profitability of the firm. Apart from using Pearson’s and Spearman’s correlation analysis, panel data regression analysis like pooled OLS model and fixed effect LSDV model are employed in the study. Like previous authors, our study results reveal a sturdy negative association between working capital management variables and firms’ profitability. The results of our study also indicate the better explanatory power of fixed effect LSDV model than that of pooled OLS model.

About the Author

Dr. Bhaskar Bagchi works as an Assistant Professor of Commerce at Alipurduar College under University of North Bengal, India. He has teaching and research experience of more than eleven years. He has several publications in some of the leading finance journals. His areas of interests include corporate finance and econometrics.