Working Capital Efficiency and Firm Profitability : A Quantitative Study of Listed Swedish Firms 2000-2015
This thesis examines the relationship between working capital efficiency and firm profitability, and how this relationship is affected by economic fluctuations. In the existing literature, the relationship between working capital efficiency and firm profitability has been extensively researched. How...
Main Authors: | , |
---|---|
Format: | Others |
Language: | English |
Published: |
Uppsala universitet, Företagsekonomiska institutionen
2017
|
Subjects: | |
Online Access: | http://urn.kb.se/resolve?urn=urn:nbn:se:uu:diva-324750 |
id |
ndltd-UPSALLA1-oai-DiVA.org-uu-324750 |
---|---|
record_format |
oai_dc |
spelling |
ndltd-UPSALLA1-oai-DiVA.org-uu-3247502017-06-23T05:29:33ZWorking Capital Efficiency and Firm Profitability : A Quantitative Study of Listed Swedish Firms 2000-2015engPahkamaa, TobiasGustén, OscarUppsala universitet, Företagsekonomiska institutionenUppsala universitet, Företagsekonomiska institutionen2017working capital managementworking capital efficiencyfirm profitabilitycash conversion cycledays of inventorydays of accounts receivablesdays of accounts payableseconomic fluctuationsBusiness AdministrationFöretagsekonomiThis thesis examines the relationship between working capital efficiency and firm profitability, and how this relationship is affected by economic fluctuations. In the existing literature, the relationship between working capital efficiency and firm profitability has been extensively researched. However, the impact of economic fluctuations on the relationship between working capital efficiency and firm profitability is sparsely researched. To the best of our knowledge, only Enqvist, Graham and Nikkinen (2014) have addressed the impact ofeconomic fluctuations on the relationship between working capital efficiency and firm profitability. This thesis is a replication of their study in another geographical setting, another time period and studying different types of firms. Using a sample of 2,589 firm-year observations of listed Swedish firms for the years 2000-2015, this thesis conducts multiple regression analysis to examine the relationship between working capital efficiency and firm profitability. The findings of this thesis propose that firms can enhance profitability by improving their working capital efficiency. However, the relationship between working capital efficiency and firm profitability does not appear to be significantly affected by economic fluctuations. This thesis contributes to the existing literature by further strengthening the understanding of the relationship between working capital efficiency and firm profitability. In addition, it also adds to the existing literature on the relationship between working capital efficiency and firm profitability in a Swedish context. Student thesisinfo:eu-repo/semantics/bachelorThesistexthttp://urn.kb.se/resolve?urn=urn:nbn:se:uu:diva-324750application/pdfinfo:eu-repo/semantics/openAccess |
collection |
NDLTD |
language |
English |
format |
Others
|
sources |
NDLTD |
topic |
working capital management working capital efficiency firm profitability cash conversion cycle days of inventory days of accounts receivables days of accounts payables economic fluctuations Business Administration Företagsekonomi |
spellingShingle |
working capital management working capital efficiency firm profitability cash conversion cycle days of inventory days of accounts receivables days of accounts payables economic fluctuations Business Administration Företagsekonomi Pahkamaa, Tobias Gustén, Oscar Working Capital Efficiency and Firm Profitability : A Quantitative Study of Listed Swedish Firms 2000-2015 |
description |
This thesis examines the relationship between working capital efficiency and firm profitability, and how this relationship is affected by economic fluctuations. In the existing literature, the relationship between working capital efficiency and firm profitability has been extensively researched. However, the impact of economic fluctuations on the relationship between working capital efficiency and firm profitability is sparsely researched. To the best of our knowledge, only Enqvist, Graham and Nikkinen (2014) have addressed the impact ofeconomic fluctuations on the relationship between working capital efficiency and firm profitability. This thesis is a replication of their study in another geographical setting, another time period and studying different types of firms. Using a sample of 2,589 firm-year observations of listed Swedish firms for the years 2000-2015, this thesis conducts multiple regression analysis to examine the relationship between working capital efficiency and firm profitability. The findings of this thesis propose that firms can enhance profitability by improving their working capital efficiency. However, the relationship between working capital efficiency and firm profitability does not appear to be significantly affected by economic fluctuations. This thesis contributes to the existing literature by further strengthening the understanding of the relationship between working capital efficiency and firm profitability. In addition, it also adds to the existing literature on the relationship between working capital efficiency and firm profitability in a Swedish context. |
author |
Pahkamaa, Tobias Gustén, Oscar |
author_facet |
Pahkamaa, Tobias Gustén, Oscar |
author_sort |
Pahkamaa, Tobias |
title |
Working Capital Efficiency and Firm Profitability : A Quantitative Study of Listed Swedish Firms 2000-2015 |
title_short |
Working Capital Efficiency and Firm Profitability : A Quantitative Study of Listed Swedish Firms 2000-2015 |
title_full |
Working Capital Efficiency and Firm Profitability : A Quantitative Study of Listed Swedish Firms 2000-2015 |
title_fullStr |
Working Capital Efficiency and Firm Profitability : A Quantitative Study of Listed Swedish Firms 2000-2015 |
title_full_unstemmed |
Working Capital Efficiency and Firm Profitability : A Quantitative Study of Listed Swedish Firms 2000-2015 |
title_sort |
working capital efficiency and firm profitability : a quantitative study of listed swedish firms 2000-2015 |
publisher |
Uppsala universitet, Företagsekonomiska institutionen |
publishDate |
2017 |
url |
http://urn.kb.se/resolve?urn=urn:nbn:se:uu:diva-324750 |
work_keys_str_mv |
AT pahkamaatobias workingcapitalefficiencyandfirmprofitabilityaquantitativestudyoflistedswedishfirms20002015 AT gustenoscar workingcapitalefficiencyandfirmprofitabilityaquantitativestudyoflistedswedishfirms20002015 |
_version_ |
1718462364945219584 |