The impact of working capital management on the business performance: Evidence from food and beverage firms listed on the Vietnamese stock market
This research analyzes the impact of working capital management on the business performance of F&B companies listed on the Vietnamese stock market in supporting these firms to improve business performance in the Covid-19 period. By utilizing the Feasible Generalized Least Squares (FGLS) regressi...
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| Format: | Article |
| Language: | Vietnamese |
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TẠP CHÍ KHOA HỌC ĐẠI HỌC MỞ THÀNH PHỐ HỒ CHÍ MINH
2024-10-01
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| Series: | Tạp chí Khoa học Đại học Mở Thành phố Hồ Chí Minh - Kinh tế và Quản trị kinh doanh |
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| Online Access: | https://journalofscience.ou.edu.vn/index.php/econ-vi/article/view/3423 |
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| _version_ | 1823861259378884608 |
|---|---|
| author | Nguyễn Thị Như Quỳnh Trần Như Quỳnh |
| author_facet | Nguyễn Thị Như Quỳnh Trần Như Quỳnh |
| author_sort | Nguyễn Thị Như Quỳnh |
| collection | DOAJ |
| description | This research analyzes the impact of working capital management on the business performance of F&B companies listed on the Vietnamese stock market in supporting these firms to improve business performance in the Covid-19 period. By utilizing the Feasible Generalized Least Squares (FGLS) regression model and using data from 44 F&B enterprises listed on HOSE and HNX, covering the period from 2017 to 2022, the research results indicate that certain independent variables such as Inventory Conversion Period (ICP), Receivables Conversion Period (RCP), Payable Deferral Period (PDP), and Cash Conversion Cycle (CCC) exhibit adverse effects on the dependent variable, Return On Assets (ROA). Moreover, the model incorporates control variables indicating that enterprise Size (SIZE) has a positive impact, while financial Leverage (LEV) exerts an inverse effect on ROA. The study did not observe a discernible relationship between the Current Ratio (CR) and ROA. |
| format | Article |
| id | doaj-art-6e3075b952c94e28bf849fa4f390ffdf |
| institution | Kabale University |
| issn | 2734-9306 2734-9578 |
| language | Vietnamese |
| publishDate | 2024-10-01 |
| publisher | TẠP CHÍ KHOA HỌC ĐẠI HỌC MỞ THÀNH PHỐ HỒ CHÍ MINH |
| record_format | Article |
| series | Tạp chí Khoa học Đại học Mở Thành phố Hồ Chí Minh - Kinh tế và Quản trị kinh doanh |
| spelling | doaj-art-6e3075b952c94e28bf849fa4f390ffdf2025-02-10T04:17:41ZvieTẠP CHÍ KHOA HỌC ĐẠI HỌC MỞ THÀNH PHỐ HỒ CHÍ MINHTạp chí Khoa học Đại học Mở Thành phố Hồ Chí Minh - Kinh tế và Quản trị kinh doanh2734-93062734-95782024-10-01201829710.46223/HCMCOUJS.econ.vi.20.1.3423.20252244The impact of working capital management on the business performance: Evidence from food and beverage firms listed on the Vietnamese stock marketNguyễn Thị Như Quỳnh0Trần Như Quỳnh1Trường Đại học Ngân hàng Thành phố Hồ Chí Minh, Thành phố Hồ Chí MinhTrường Đại học Ngân hàng Thành phố Hồ Chí Minh, Thành phố Hồ Chí MinhThis research analyzes the impact of working capital management on the business performance of F&B companies listed on the Vietnamese stock market in supporting these firms to improve business performance in the Covid-19 period. By utilizing the Feasible Generalized Least Squares (FGLS) regression model and using data from 44 F&B enterprises listed on HOSE and HNX, covering the period from 2017 to 2022, the research results indicate that certain independent variables such as Inventory Conversion Period (ICP), Receivables Conversion Period (RCP), Payable Deferral Period (PDP), and Cash Conversion Cycle (CCC) exhibit adverse effects on the dependent variable, Return On Assets (ROA). Moreover, the model incorporates control variables indicating that enterprise Size (SIZE) has a positive impact, while financial Leverage (LEV) exerts an inverse effect on ROA. The study did not observe a discernible relationship between the Current Ratio (CR) and ROA.https://journalofscience.ou.edu.vn/index.php/econ-vi/article/view/3423công ty thực phẩm và đồ uốnghiệu quả kinh doanhquản trị vốn lưu động |
| spellingShingle | Nguyễn Thị Như Quỳnh Trần Như Quỳnh The impact of working capital management on the business performance: Evidence from food and beverage firms listed on the Vietnamese stock market Tạp chí Khoa học Đại học Mở Thành phố Hồ Chí Minh - Kinh tế và Quản trị kinh doanh công ty thực phẩm và đồ uống hiệu quả kinh doanh quản trị vốn lưu động |
| title | The impact of working capital management on the business performance: Evidence from food and beverage firms listed on the Vietnamese stock market |
| title_full | The impact of working capital management on the business performance: Evidence from food and beverage firms listed on the Vietnamese stock market |
| title_fullStr | The impact of working capital management on the business performance: Evidence from food and beverage firms listed on the Vietnamese stock market |
| title_full_unstemmed | The impact of working capital management on the business performance: Evidence from food and beverage firms listed on the Vietnamese stock market |
| title_short | The impact of working capital management on the business performance: Evidence from food and beverage firms listed on the Vietnamese stock market |
| title_sort | impact of working capital management on the business performance evidence from food and beverage firms listed on the vietnamese stock market |
| topic | công ty thực phẩm và đồ uống hiệu quả kinh doanh quản trị vốn lưu động |
| url | https://journalofscience.ou.edu.vn/index.php/econ-vi/article/view/3423 |
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