Relationship between Working Capital Management and Profitability | Chapter 1 | Business, Management and Economics: Research Progress Vol. 3

 

Business is crucial for a country's capital formation and plays a vital role in a growing economy. So, effective management is essential. Fund managers face the challenge of procuring and deploying funds for maximum returns. The purpose of this study is to find out the effect of working capital management on company profitability. In light of this objective, the study adopted quantitative approaches to test the research hypotheses. A sample of three (3) manufacturing companies listed on the Dar es Salaam Stock Exchange (DSE) was used for a period of ten years (2002-2012) with a total of 30 observations. Annual financial statements (statement of comprehensive income and statement of financial position) for the period of ten years from 2002 to 2012 were used to collect data for this study. The data was analyzed on a quantitative basis using Pearson’s correlation and Regression analysis (Ordinary Least Square). The main findings from the study are; Firstly, there exists a positive relationship between the cash conversion cycle and profitability of the firm. This means if the cash conversion cycle increases it will lead to an increase in the profitability of the firm, and managers can create a positive value for the shareholders by increasing the cash conversion cycle to a reasonable level. Secondly, there is a negative relationship between liquidity and profitability showing that as liquidity decreases, the profitability also increases. Thirdly, there exists a highly significant negative relationship between average collection period and profitability indicating that a decrease in the number of days a firm receives payment from sales affects the profitability of the firm positively. Fourthly, there is a highly significant positive relationship between the average payment period and profitability. This implies that the longer a firm takes to pay its creditors, the more profitable it is.  Fifthly, there exists a highly significant negative relationship between inventory turnover in days and profitability hinting that firms which maintain sufficiently low inventory levels reduce the cost of storing the inventory which results in higher profitability. The management of working capital is one of the most important financial decisions of a firm. A sufficient level of working capital should be present for the smooth running of a company regardless of the nature of the business. Future research should investigate the generalization of the findings beyond the companies listed on the Dar es Salaam Stock Exchange.

 

Author(s) Details

Gwatako Tago
Accounting and Finance, Tanzania Institute of Accountancy (TIA), Tanzania.

 

Ntui Ponsian
Accounting and Finance, St. Augustine University of Tanzania (SAUT), Tanzania.

 

Please see the book here:- https://doi.org/10.9734/bpi/bmerp/v3/2979G

Determining the Relationship between Corporate Social Responsibility and Company Profitability in Zimbabwe: A Case of a Listed Telecommunication Company | Chapter 4 | Current Aspects in Business, Economics and Finance Vol. 4

 The investigation and analysis of the relationship between corporate social responsibility (CRS) and company profitability in Zimbabwe is the aim of the study. The concept of sustainable development emphasises that businesses should prioritise financial and business results in addition to paying attention to their local environment, society, and community. CSR is considered to be a key element of strategic planning. It might lead to higher business profitability. The study employed Stata as the statistical tool and the Vector Auto Regression (VAR) model of regression analysis to investigate the impact of CSR on profitability. Correlation and regression analysis were used to analyse secondary data taken from the annual reports of a Zimbabwean Listed Private Limited company, and the hypothesis was assessed. In Zimbabwe, the telecommunications sector is at the forefront of the information age and is essential to a company's success and long-term viability. Out of the three mobile telecom companies under the Ministry of Information, Communication Technology, Postal and Courier Services, the company served as Zimbabwe's sole publicly traded mobile telecoms provider from 2010 to 2015. (MICTPCS). In its capacity as the industry's regulating body, MICTPCS promotes mobile telecommunications companies to include CSR as a client-focused component of their daily operations. The study's findings indicate that CSR has no appreciable effect on profitability and that there is no causal relationship between it and either [1-3]. Zimbabwe lacks a corporate social responsibility policy; businesses participate voluntarily as a marketing strategy. A policy must be created and implemented to ensure that organisations act ethically.

Author(s) Details:

Banele Dlamini,
Department of Accounting and Finance, Lupane State University, Zimbabwe.

Please see the link here: https://stm.bookpi.org/CABEF-V4/article/view/8288

Yield, Productivity and Economics of Integrated Farming System under Irrigated Conditions of Western Maharashtra| Chapter 13 | Research Highlights in Agricultural Sciences Vol. 1

 

 The review was directed at All India Co-ordinated Research Project on Integrated Farming System, Mahatma Phule Krishi Vidyapeeth, Rahuri during 2018-2019 and 2019-2020 to foster incorporated cultivating framework model for flooded states of Western Maharashtra. The model was intended for 1 ha region with crop, cultivation, dairy, goat, poultry and vermicompost unit. The coordinated cultivating framework model created sugarcane identical yield of 375 t ha-1. The gross money related gets back from crop + agriculture + dairy + goat + poultry + vermicompost unit were ₹ 10,55,758 and net financial returns of ₹ 4, 58, 943 with B:C proportion (1.77). Of this all out net returns got from incorporated cultivating framework model percent commitment of various parts were crop (25%), agriculture (4%), dairy (24%), goat (18%), poultry (29%) and vermicompost (7%). Business age in coordinated cultivating framework model was 422 Man days year-1.

Author(s) Details:

P. P. Kharche,
Department of Agronomy, PGI, Mahatma Phule Krishi Vidyapeeth, Rahuri, India.

U. S. Surve,
Department of Agronomy, PGI, Mahatma Phule Krishi Vidyapeeth, Rahuri, India.

P. A. Mahadule,
Department of Agronomy, PGI, Mahatma Phule Krishi Vidyapeeth, Rahuri, India.

S. B. Salgar,
Department of Agronomy, PGI, Mahatma Phule Krishi Vidyapeeth, Rahuri, India.

S. C. Patil,
Department of Agronomy, PGI, Mahatma Phule Krishi Vidyapeeth, Rahuri, India.

Please see the link here: https://stm.bookpi.org/RHAS-V1/article/view/7831

Banking Sector, Non-Performing Loans, Financial Crisis: Evidence from Greece | Book Publisher International

 In order to identify the factors influencing the performance and rating of Greek commercial bank institutions during the study period, the goal of this book is to investigate the general condition fluctuation of those institutions. In addition, the Non-Performing Loans Portfolio (NPLs), a significant problem for the global financial system following and during the financial crisis, has had a significant impact on the Greek banking industry in recent years. As a result, its interrelationships and potential effects on the profitability and general effectiveness of the Greek banks have been examined.

Greek banks were forced to engage in business transactions such share capital increases, mergers, and acquisitions due to the shortage of liquidity, inadequate capital, and ongoing decline in profitability.

The goal of the study is to use CAMELS rating technique to conduct a thorough and comparative analysis of Greek Commercial Bank institutions listed on the Athens Stock Exchange Market between 2006 and 2012. Additionally, using ratio analysis of the National Bank of Greece, Piraeus Bank, Alpha Bank, Eurobank, Attica Bank, and the Co-operative Banks of Epirus, Crete, Thessaly, and Serres, as well as other banks, it has been empirically investigated how non-performing loans affect banks' performance and their profitability in 2017.

Business transactions, such as the issuance of long-term debt, have a significant impact on the banks' performance as measured by the CAMELS rating system. The findings, which were cross-tested using a panel data analysis and the Fixed Effects Model, show that there was high profitability, liquidity, and capital adequacy prior to the crisis period, from 2007 to 2009, with statistical significance for all of the traditional ratios. In contrast, during the financial crisis in Greece from 2009 to the present, Sensitivity and Liquidity were the only rating factors that offered insight into the banks' financial situation.

The analysis's conclusion focused on the relationship between loans and outflows, the extensive use of linear regression to manage the consequences of loans, and lastly the impact of lending on banks' financial performance.

 

In contrast to interest-related expenses, which have an asymmetric distribution, interest revenue on loans is positive for all banks but varies greatly. Aside from Piraeus Bank, which exhibits an exorbitant pricing, past-due loans for more than 90 days are uniform. Loans and ROA and ROE do not correlate in a statistically meaningful way.

 

All loans, excluding regulated loans, have an impact on equity, and this impact is regarded as statistically significant. The impact of NPLs on Net Profit before Tax for periods longer than 90 days is deemed statistically significant.

Author (s) Details

Mihail Diakomihalis

Department of Accounting and Finance, University of Ioannina / Hellenic Open University, Psathaki, 481 00 Preveza, Greece.

 

View Book :-  https://stm.bookpi.org/BSNPLFCEG/article/view/7753

Economic Analysis of Organic Coconut Cultivation in Coimbatore District, India | Chapter 03 | New Innovations in Economics, Business and Management Vol. 8

 The research examines the economics of coconut production in organic farming in the Coimbatore area of Tamil Nadu. The PGS was researched in regard to how farmers in Tamil Nadu gain organic agriculture certification under the PKVY scheme. The variable cost per acre estimated was Rs 43,025 The total cost of cultivation per acre was Rs.82,216. The net revenue per hectare over operating expenses was Rs.2,95,888, while the net income per hectare over total expenditures was Rs.2,56,697. Total output rose as a result of greater use of farm yard waste and bio-fertilizers. According to the scale efficiency statistics, the majority of the farms were operating at their maximum return to scale. Due to a labour shortage in the research region, cultivating organic coconut poses significant problems. The study's purpose was to establish the profitability of organic farming as well as the responsiveness of yield to input application through the Participatory Guarantee Scheme (PGS), as well as how farmers may actively engage in organic farming to protect natural resources. A total of 60 people were surveyed in the Tamil Nadu district of Coimbatore (2020). The study utilised deliberate sampling, with two blocks chosen based on the leading operator of the PGS system. A well-structured interview schedule was designed utilising a pre-tested survey to acquire the information. The study employed cost and return estimation, resource consumption efficiency, and data envelopment analysis as analytical approaches to reveal the true reality of organic agriculture practises. According to the findings,Coconut has been identified as one of the most essential and long-term agricultural possibilities.In comparison to all other organic inputs, coconut production was considerably greater with the application of farm yard manure and bio-fertilizers, according to estimates of Resource Use Efficiency.Almost a third of the farms investigated were found to be functioning in consistent returns to scale.The sample producers' main marketing challenges in organic farming were a lack of labour availability and price variations in coconut.

Author(S) Details

J. J. Parthiban
Department of Agricultural Economics, AC & RI, Tamil Nadu Agricultural University, Coimbatore -641003, India.

M. Anjugam
Department of Agricultural Economics, AC & RI, Tamil Nadu Agricultural University, Coimbatore -641003, India.

View Book:- https://stm.bookpi.org/NIEBM-V8/article/view/6734

Determination of Changes in Yield and Profitability of Improved Soybean Production in Guinea Nigeria: A Case Study of Borno and Kaduna States | Chapter 8 | Current Topics in Agricultural Sciences Vol. 4

 In Guinea, Nigeria, the study looked at the profitability of enhanced soybean technology due to changes in yield among agricultural households. It primarily evaluated soybean yields before and after adopting improved soybean technology, as well as the costs and returns associated with changes among producers and the limits of applying improved soybean technology in the research area. Primary data was acquired from 162 respondents in the (Tropical Legume II) TL II and non-TL II villages in the study area using a multistage sampling technique. Crop yields were significantly different before and after the project, according to the results of the twofold difference (DD) estimate. The mean gross income of the TL II participants was N36,770.5 greater than that of the non-TL II participants, demonstrating that enhanced crop production is profitable in the study area, according to the results of the gross margin analysis. Pests and diseases, a lack of a market, and a poor price for soybeans are among the primary obstacles experienced by respondents, according to descriptive statistics. In light of the foregoing, the governments of Borno and Kaduna, as well as other interested parties, are encouraged to repeat the TL II project. Farmers without TL II should take notes from the improved soybean growers. Farmers should be adequately connected to existing soybean markets, and the TL II project should develop more so that the surplus may be consumed. Farmers must be trained in soybean management practises as well as how to control pests and diseases as part of the TL II project.

Author(S) Details

R. C. Wakawa
Department of Science Policy and Innovations Studies (SPIS), National Centre for Technology Management (NACETEM), an Agency of the Federal Ministry of Science, Technology and Innovation (FMSTI) Abuja, Nigeria.

View Book:- https://stm.bookpi.org/CTAS-V4/article/view/5139

Resource Recycling for Enhancing Farm Productivity and Profitability in Integrated Farming System under Rainfed Situation in Odisha, India: A Recent Study | Chapter 09 | Current Topics in Agricultural Sciences Vol. 2

 From April 2010 to March 2013, the current study was conducted in a 0.8 ha rainfed farm with two water sources: no pond/rainfed and pond/irrigated in five different blocks: Khajuripada of Kandhamal district (North Eastern Ghats Zone), Dhenkanal Sadar and Odapada of Dhenkanal district (Mid Central Table Land Zone), Golamunda and Narla of Kalahandi district (Western Undulating Zone) of Odisha The Rice Equivalent Yield (REY) in the Integrated Farming System (IFS) model farm was 31.92 q, compared to 3.78 REY in the conventional rice-greengram system. The net return in the IFS model was Rs. 1,61,148/-, whereas the conventional system yielded Rs. 11,631/-. In the IFS model, recyclable wastes of 3.3 t paddy straw, 3000 kg pond silt, 2129 kg poultry excreta, and 13 t mushroom were used as resources for various components. The efficient recycling of wastes increased the productivity and profitability of IFS models. Almost no trash was left to damage the environment or degrade the resource base, whereas waste in traditional systems was not properly utilised.

Author(S) Details

Hemanta Kumar Sahoo
Directorate of Extension Education, Odisha University of Agriculture and Technology, Bhubaneswar-751003, Odisha, India.

Amit Phonglosa
Directorate of Extension Education, Odisha University of Agriculture and Technology, Bhubaneswar-751003, Odisha, India.

Basudev Behera
Department of Agronomy, Sikha ‘O’ Anusandhan, Deemed to be University, Bhubaneswar-751030, Odisha, India.

View Book:- https://stm.bookpi.org/CTAS-V2/article/view/4412

Financially Feasible and Sustainable - Reviewing Academic Literature on Sustainability related Investment Studies | Book Publisher International

 Sustainable investing is defined as an investment philosophy that prioritises sustainability in investment decisions. Climate change and environmental destruction/protection are examples of sustainability-related issues. Companies are often required to update their operations and investments in a more sustainable direction in order to comply with legislative regulations or simply to stay in business. However, most environmentally beneficial investments are not made as a result of political and legal pressure. The notion of sustainable investing has long been established in professional environments such as insurance companies and institutional investors, but its overall image remains hazy. This ambiguity is especially apparent when it comes to private enterprises' long-term investments, and there is much of need for more research in this area. This research project offers an opportunity to study, investigate, and assess how private enterprises and governments can aggregate value and capitalise on economic prospects by implementing financially viable sustainable measures. A thorough evaluation of scientific literature was conducted, using the United Nations' Sustainable Development Goals as the baseline concept of sustainability. The findings of this search may be of interest to economists and researchers for further research, in addition to governments and private sector investors.

Author(S) Details

Ari Happonen
LUT School of Engineering Science, LUT University, Finland.

Irene Laplaza Osta
LUT School of Engineering Science, LUT University, Finland.

Apurva Potdar
LUT School of Engineering Science, LUT University, Finland.

Jorge Luis Garcia Alcaraz
Department of Industrial Engineering and Manufacturing, Institute of Engineering and Technology, Autonomous University of Ciudad Juarez, Mexico.

View Book:- https://stm.bookpi.org/FFSRALSIS/article/view/3906

Strategically Alliances and Distinction Competitions: A Case Study of Al-Sahara Libyan Bank and BNP Paribas French Bank Profitability Analysis | Chapter 7 | Insights into Economics and Management Vol. 10

 The enterprise that wishes to remain in business should adopt a system of cooperation with other organizations that engage in the activity, which assist it in achieving its goals and in achieving the goals of economic institutions that collaborate, the utility is mutual in this case, because the common interest emphasizes the need for cooperation. This paper derives its significance from the importance of strategic alliances and their role in fostering relationships and opportunities available to the national economy, as well as in opening local markets to global markets. This study and evaluation of its Profitability activities became important to ensure its efficiency and effectiveness as a strategic alliance between economic options that promotes growth and development by allowing the pooling of capacities and competencies of allied economic organizations. Whereas, one of the most important activities that ensures the significance of evaluation is the profitability activity. The research aims to investigate and analyze the Profitability that has been implemented at one of the commercial banks operating in Libya (Sahara Bank), following the formation of a strategic alliance with a French bank (BNP PARIBAS). The study's main findings were as follows: a) the lower the value of profits, financial position, and deposit certificates. b) There is a decrease in dealing with the loss of important customers due to a lack of trust in the foreign partner.

Author (s) Details

Munir Ali Husien
School of Economics & Management, Beihang University, China

Han Liyan
School of Economics & Management, Beihang University, China.

View Book :- https://stm.bookpi.org/IEAM-V10/article/view/1469

Combating Heat Stress for Optimum Profitability in the 21st Century Poultry Farming Systems | Book Publisher International

 

Different approaches to alleviating the negative impact of heat stress predominance that resulted from
the Earth`s surface temperature change have been critically reviewed, with resultant effect on poultry
productivity, health, economy, meat safety and food security, among others. Genetic modifications,
managerial strategies, feeding pattern and technological approaches have undoubtedly exerted
beneficial effects on heat stress predominance in poultry. However, they are limited in production
efficiency as regards the demand of the 21st Century poultry farming systems, because they do not
consider the altered acid-base balance specific to heat-stressed birds. Therefore, it becomes
imperative to adopt a much more homeostatically stable alternative, whose beneficial effect on poultry
health, performance, yield and economic integrity would not be compromised, in attempt to meet the
global animal protein demand of the century. An ideal balance of dietary electrolytes is essential in
poultry rations, especially under high environmental conditions.

Author (s) Details

Ibukun Olukorede Popoola
Agricultural Research and Biometrics Department, Thisavrous Pyrgos Integrated Resources, Nigeria and Alumnus at Department of Animal Science, University of Ibadan, Oyo State, Nigeria and Department of Plant Breeding, Federal University of Agriculture, Abeokuta, Nigeria.

View Book :- https://bp.bookpi.org/index.php/bpi/catalog/book/277

Analyzing the Aspects of Profitability of Charcoal Production and Marketing in Ibarapa Zone of Oyo State Nigeria | Chapter 14 | Current Strategies in Economics and Management Vol. 5

This study analyzed the profitability of charcoal production and marketing in Ibarapa zone of Oyo state using a structured questionnaire. A multistage sampling technique was adopted to select one hundred (100) respondents for the study. The descriptive statistical method and budgetary analysis were used for data interpretation. Charcoal marketing is dominated by middle or old age mostly females (71.7%), the business are funded from personal saving and support from cooperative society. The finding reveals that 48.5% of respondent had no formal education and economic analysis showed that marketers require ₦50,000-₦500,000 as working capital with a resultant profit of ₦300,000-₦500,000 per annum and charcoal marketing efficiency was 1.32. In Conclusion, charcoal marketing is profitable with net returns of ₦58,000 on 200 bags sold.

Author(s) Details
Babatunde, Taiye Oluwasola
Department of Forestry Technology, Federal College of Forestry, Jericho, Ibadan, Oyo State, Nigeria.

Kehinde Abiodun Solomon
Department of Wildlife and Ecotourism, Forestry Research Institute of Jericho, Ibadan, Oyo State, Nigeria.

Kehinde, Olujide Johnson
Oniigambari Forest Reserve Ibadan, Oyo State, Nigeria

View Book :- http://bp.bookpi.org/index.php/bpi/catalog/book/199