Effects of Industry Characteristics on Ccc
ATENEO DE DAVAO UNIVERSITY
E. Jacinto St., Davao City
A Quantitative Study of The Effects of Industry Characteristics on The Working Capital Management Using the Cash Conversion Cycle as The Measure:
The Case of The Thirty Largest and Most Active Listed Stocks in the Philippine Stock Exchange
Methods of Financial Research
Fin 410
TTH 1:00- 2:30 PM
Submitted to:
Mrs. Marietta Eliot Pampanga
Submitted by:
Princess Kiezel M. Sultan
June 30, 2011
I. INTRODUCTION A. Problem Background
Crises in the global market are experienced since the last few years and are getting worse in the present. In the case of the US, recession just passed their way. In the present, they are in the phase of struggling with a “jobless economic recovery path” which means that the federal government should engage in bond buying considered to be a second round of quantitative easing to support economic activity. This also means for them another factor that would increase their budget deficits. In Europe, the IMF (International Monetary Fund) sees heightened risks from European sovereign debt which leads them to worry about faltering of a fragile global economic recovery unless Europe averts sovereign defaults, the United States gets its fiscal house in order and emerging economies prevent overheating. In its regular assessment of global economic prospects released every Friday, the Washington-based global lender warned the US and debt-ridden European countries that they are "playing with fire" unless they take immediate steps to reduce their budget deficits. The Euro zone’s economic landscape likewise appear no better, with investors fearing a full-blown sovereign debt crisis would erupt in some member-countries. In contrast, brighter economic prospects and higher interest rate differentials have made emerging market economies, the Philippines included, the prime destination of capital inflows. The BSP (Bangko Sentral ng Pilipinas) cited the IMF’s projection of an
E. Jacinto St., Davao City
A Quantitative Study of The Effects of Industry Characteristics on The Working Capital Management Using the Cash Conversion Cycle as The Measure:
The Case of The Thirty Largest and Most Active Listed Stocks in the Philippine Stock Exchange
Methods of Financial Research
Fin 410
TTH 1:00- 2:30 PM
Submitted to:
Mrs. Marietta Eliot Pampanga
Submitted by:
Princess Kiezel M. Sultan
June 30, 2011
I. INTRODUCTION A. Problem Background
Crises in the global market are experienced since the last few years and are getting worse in the present. In the case of the US, recession just passed their way. In the present, they are in the phase of struggling with a “jobless economic recovery path” which means that the federal government should engage in bond buying considered to be a second round of quantitative easing to support economic activity. This also means for them another factor that would increase their budget deficits. In Europe, the IMF (International Monetary Fund) sees heightened risks from European sovereign debt which leads them to worry about faltering of a fragile global economic recovery unless Europe averts sovereign defaults, the United States gets its fiscal house in order and emerging economies prevent overheating. In its regular assessment of global economic prospects released every Friday, the Washington-based global lender warned the US and debt-ridden European countries that they are "playing with fire" unless they take immediate steps to reduce their budget deficits. The Euro zone’s economic landscape likewise appear no better, with investors fearing a full-blown sovereign debt crisis would erupt in some member-countries. In contrast, brighter economic prospects and higher interest rate differentials have made emerging market economies, the Philippines included, the prime destination of capital inflows. The BSP (Bangko Sentral ng Pilipinas) cited the IMF’s projection of an