Working Capital Management Practices: A Comparative Study of Ethiopia with United States, Australia, Canada and Pakistan
Journal Title: IOSR Journal of Economics and Finance (IOSR-JEF) - Year 2018, Vol 9, Issue 2
Abstract
This research has been undertaken to explore the working capital management practices of manufacturing companies in Ethiopia and make comparison with previous similar studies. The study has used survey method on a sample of 144 manufacturing companies in Ethiopia which were selected using two-stage stratified random sampling. Survey analysis has been used to analyse the data and the results were presented using tablesfollowed by explanation. The result showed that the manufacturing companies in Ethiopia have formal and situational working capital policy that are under the responsibility of financial managers who make working capital review per year. The finding also shows that much time is dedicated towards the management of working capital through use of various managerial methods and techniques. The result showed that there are some similarities and differences in the managerial methods and techniques employed among the manufacturing firms of United States, Australia, Canada,Pakistan and Ethiopia.The difference in the working capital managementpractices could be attributable due to time factor, the size of the firmsas well as cultural difference across the international boundaries.
Authors and Affiliations
N. T. Tesfa, Professor A. S. Chawla PhD
Keywords
Related Articles
- EP ID EP414570
- DOI 10.9790/5933-0902022135
- Views 205
- Downloads 0
Religious Aspect of Sharia Bank Employees
Purpose to know how deep employees understanding of the teachings of sharia, to know the implementation of shariah values of employees, to describe experience in applying religious teachings, and to describe the efforts...
Social Capital And Households’ Vulnerability To Poverty In Asa Local Government Area Of Kwara State
This study examined the effects of social capital on vulnerability to poverty among farming households in Asa local government Ilorin Kwara State. A two stage sampling procedure was used to collect data (using questionna...
Private Domestic Investment, Domestic Credit To The Private Sector And Economic Performance: Nigeria In Perspective.
This study examines the dynamic linkages between domestic investment, domestic credit to the private sector and gross domestic product (GDP) in Nigeria over the period of 1970 to 2015. The main objective of the study is...
Management Accounting Information And Fraud Control Measures In Commercial Banks
Fraud is a deliberate deception to secure unfair or unlawful gain, or to deprive a victim of a legal right. There is no doubt that fraud has caused much havoc in business world these days. This study was therefore undert...
Capital Structure of Moroccan Non-Financial Listed Companies: Dynamic Analysis on Panel Data
The question of choice of capital structure is one of the fundamental questions in the field of financial management. The purpose of this article is to study the factors determining the capital structure of Moroccan non-...