Effects of Working Capital Management on Company Profitability An industry-wise study of Finnish and Swedish public companies Erik Rehn Department of Accounting Hanken School of Economics Helsinki 2012 HANKEN SCHOOL OF ECONOMICS Department of: Type of work: Master’s Thesis Accounting Author: Erik Rehn Date: 13.3.2012 Title of thesis: Effects of Working Capital Management on Company Profitability Abstract: Working Capital Management has lately been a hot topic since
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numerous articles written about the importance of working capital management regarding the profitability of a firm (Shin and Soenen‚ 1998; Deloof‚ 2003; Garcia-Tereul and Martinez- Solano‚ 2007; Raheman and Nasr‚ 2007; Mathuva‚ 2009; Dong and Su‚ 2010). Various authors have conducted researches in different countries on employing working capital in an optimal way in order to pursue profitability. But some authors still have different findings on how working capital management in terms of cash conversion
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discrimination against any secondary student who wanted to work after school hours but could not work the required minimum of three hours because of school hours clashing with business closing times. Secondary school students do wish to have flexible working hours as they might want to get off work early when they have exams or assignments. For example‚ a student might prefer to work a shorter shift as HSC is an important examination. More hours of study should be allocated. With the reduction of the
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Caroline Obacz Eng 161 - Jennifer Lewis MWF 11-11:50 Poverty is Inescapable “They spend everything and save nothing” (Shipler 4) David Shipler states in The Working Poor when he refers to the working poor in America. Unfortunately‚ for some work just does not work due to conditions such as having to raise children and the inability to fully participate in school. Shipler specifically analyzes three mothers who exemplify those who will be poor for the rest of their lives due to the necessary expenses
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* What are your ambitions for the future? * Do you hope to gain any qualifications? * What are the advantages of studying instead of working? Work * Can you describe your job to me? * What do you do for a living? * How long have you been doing it? * Can you describe one of your typical working days? * What’s your daily routine on a working day? * Why did you choose to do that job? * What things do you enjoy about your work? Why? * What do you think is the attraction of your
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are in or out of “his scope of employment.” Jake’s actions are considered in his scope of employment for his specific role as a mechanic for his employment at the auto dealership. Jake notes to his employer‚ Herman that he has been working overtime for two days during the free oil change deal at the auto dealership. Jake tells Herman that he believes if he is doing the extra work for the car dealership’s special‚ he should be fairly compensated. In accordance with the FLSA (Federal Labor
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Treetop Forest Products Treetop Forest Products is experiencing several key problems within the packaging department. Packaging productivity has been in a decline over the past two years and effecting the rest of the departments negatively‚ all other departments are up significantly but unable to reach their total potential due to backups and quality issues in packaging. The employees are minimally supervised to times of a total lack of supervision‚ this is resulting in poor work performance
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Wal-Mart Wal-Mart is a superstore that has facilities all over the world. Wal-Mart is known as the friendly neighbor superstore. But until recently Wal-Mart has found it’s self not so friendly and is battling in unfair labor practices. An employee working for the Wal-Mart in New York has accused the world’s top retailer of unfair labor practices. The suit‚ which seeks class action status‚ was filed in a New York state court on behalf of about 20‚000 current and past employees of 83 New York Wal-Mart
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Concept of working capital includes meaning of working capital and its nature. Working capital is the investment in current assets. Without this investment‚ we can not operate our fixed assets properly. For getting good profits from fixed assets‚ we need to buy some current assets or pay some expenses or invest our money in current assets. For example‚ we keep some of cash which is the one of major part of working capital. At any time‚ our machines may need repair. Repair is revenue expense but without
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interviewed employees who were working over 8.5 hours a day and 25% interviewed employees who were working over 10 hours a day‚ which is very long working hours. Introduce topic: Today I am going to persuade you to support the government legislate the law of “Standard Working Hours”. According to Report of the Policy Study on Standard Working Hours by Labor Department‚ “Standard Working Hours” is to set standard daily or weekly working hours. If employees undertake overtime work‚ employers have to pay
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