论文标题
对制造公司现金转换周期及其与公司规模和盈利能力的关联的实证研究
An Empirical Investigation of Cash Conversion Cycle of Manufacturing Firms and its Association with Firm Size and Profitability
论文作者
论文摘要
这项实证研究的目的是调查达卡（Dhaka）在六个不同类别下列出的三十家制造公司的现金转换周期，即食物和相关，药品和化学，水泥，纺织，工程和杂项。本文为这六个行业设定了行业的平均现金转换周期，并研究了现金转换周期与公司规模和盈利能力的关系。这项研究没有发现不同制造业的现金转化周期之间的统计学差异。这项研究的结果表明，现金转换周期与盈利能力之间存在统计学上显着的负相关关系，尤其是在股本回报率方面。结果还表明，制造公司的现金转换周期在净销售方面衡量时，与公司规模也有显着的负相关关系。本研究为孟加拉国背景下的营运资本管理文献做出了贡献。
The purpose of this empirical study is to investigate Cash Conversion Cycle of thirty manufacturing firms listed in Dhaka Stock Exchanges under six different categories, which are, Food and allied, Pharmaceuticals and chemical, Cement, Textile, Engineering and Miscellaneous. This paper sets industry average Cash Conversion Cycle for these six industries and examines the relationship of Cash Conversion Cycle with firm size and profitability. This study did not find statistically significant differences among the Cash Conversion Cycle of varying manufacturing industries. The result of this study indicates a statistically significant negative relationship between the Cash Conversion Cycle and profitability, especially in terms of Return on Equity. The result also shows that the Cash Conversion Cycle of manufacturing firm also has significant negative relationship with firm size, when measured in terms of net sales. The present study contributes to the literature on working capital management written in the context of Bangladesh.
