Working capital management and corporate profitability: Empirical evidence from Vietnam
This paper examines the relationship between working capital management and corporate profitability of Vietnamese listed firms. We propose a different interpretation of the empirical evidence that takes into account the dependency of collection and payment decisions. This helps establish the causal...
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| Định dạng: | Journal article |
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Sciendo-De Gruyter
2022
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| Truy cập trực tuyến: | http://scholar.dlu.edu.vn/handle/123456789/718 https://www.scopus.com/inward/record.uri?eid=2-s2.0-85104490925&doi=10.2478%2ffman-2018-0015&partnerID=40&md5=dfdfc3bf91a96afaa9b354e65676466e |
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oai:scholar.dlu.edu.vn:123456789-7182022-08-02T06:49:45Z Working capital management and corporate profitability: Empirical evidence from Vietnam Nguyễn, Thanh Hồng Ân Nguyễn, Văn Tuấn working capital management cash conversion cycle profitability Vietnam This paper examines the relationship between working capital management and corporate profitability of Vietnamese listed firms. We propose a different interpretation of the empirical evidence that takes into account the dependency of collection and payment decisions. This helps establish the causal relationship between working capital management and firm profitability, which made the interpretation of the empirical results more meaningful and consistent with the real practice of firms. The analysis results based on a sample of 374 Vietnamese listed firms in the period from 2008 to 2014 show that working capital management positively affects the performance of Vietnamese listed companies. However, the results also indicate that Vietnamese firms do not intentionally use trade credit policy to enhance firms’ performance and the observed relationship between trade credit and profitability, though significant, is just by coincidence. 10 1 195-206 2022-08-02T03:26:54Z 2022-08-02T03:26:54Z 2018 Journal article Bài báo đăng trên tạp chí thuộc SCOPUS, bao gồm book chapter 20807279 http://scholar.dlu.edu.vn/handle/123456789/718 10.2478/fman-2018-0015 https://www.scopus.com/inward/record.uri?eid=2-s2.0-85104490925&doi=10.2478%2ffman-2018-0015&partnerID=40&md5=dfdfc3bf91a96afaa9b354e65676466e en Foundations of Management 2300-5661 Sciendo-De Gruyter Germany |
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Thư viện Trường Đại học Đà Lạt |
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English |
| topic |
working capital management cash conversion cycle profitability Vietnam |
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working capital management cash conversion cycle profitability Vietnam Nguyễn, Thanh Hồng Ân Nguyễn, Văn Tuấn Working capital management and corporate profitability: Empirical evidence from Vietnam |
| description |
This paper examines the relationship between working capital management and corporate profitability of Vietnamese listed firms. We propose a different interpretation of the empirical evidence that takes into account the dependency of collection and payment decisions. This helps establish the causal relationship between working capital management and firm profitability, which made the interpretation of the empirical results more meaningful and consistent with the real practice of firms. The analysis results based on a sample of 374 Vietnamese listed firms in the period from 2008 to 2014 show that working capital management positively affects the performance of Vietnamese listed companies. However, the results also indicate that Vietnamese firms do not intentionally use trade credit policy to enhance firms’ performance and the observed relationship between trade credit and profitability, though significant, is just by coincidence. |
| format |
Journal article |
| author |
Nguyễn, Thanh Hồng Ân Nguyễn, Văn Tuấn |
| author_facet |
Nguyễn, Thanh Hồng Ân Nguyễn, Văn Tuấn |
| author_sort |
Nguyễn, Thanh Hồng Ân |
| title |
Working capital management and corporate profitability: Empirical evidence from Vietnam |
| title_short |
Working capital management and corporate profitability: Empirical evidence from Vietnam |
| title_full |
Working capital management and corporate profitability: Empirical evidence from Vietnam |
| title_fullStr |
Working capital management and corporate profitability: Empirical evidence from Vietnam |
| title_full_unstemmed |
Working capital management and corporate profitability: Empirical evidence from Vietnam |
| title_sort |
working capital management and corporate profitability: empirical evidence from vietnam |
| publisher |
Sciendo-De Gruyter |
| publishDate |
2022 |
| url |
http://scholar.dlu.edu.vn/handle/123456789/718 https://www.scopus.com/inward/record.uri?eid=2-s2.0-85104490925&doi=10.2478%2ffman-2018-0015&partnerID=40&md5=dfdfc3bf91a96afaa9b354e65676466e |
| _version_ |
1768305830866714624 |