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The impact of exchange rate exposure and working capital on return on equity

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dc.title The impact of exchange rate exposure and working capital on return on equity en
dc.contributor.author Hussain, Sarfraz
dc.contributor.author Hassan, Asan Ali Bin Golam
dc.contributor.author Rafiq, Muhammad
dc.contributor.author Quddus, Abdul
dc.relation.ispartof International Journal of Disaster Recovery and Business Continuity
dc.identifier.issn 2005-4289 Scopus Sources, Sherpa/RoMEO, JCR
dc.date.issued 2019
utb.relation.volume 10
dc.citation.spage 64
dc.citation.epage 74
dc.type article
dc.language.iso en
dc.publisher Nadia
dc.relation.uri http://sersc.org/journals/index.php/IJDRBC/article/view/4940
dc.relation.uri http://sersc.org/journals/index.php/IJDRBC/article/view/4940/3145
dc.subject return on equity en
dc.subject return on equity en
dc.subject cash conversion cycle en
dc.subject exchange rate exposure en
dc.subject receivable days en
dc.subject payable days en
dc.description.abstract This research analyses the various components of working capital of selected manufacturing companies in Pakistan. In this study, a static panel analysis technique is used to examine the effect of exchange rate movements on different components of working capital. Breusch and Pagan LM test used to compare the pooled and random effects. The Hausman test gives the appropriate results for choosing the analysis method. Exchange rate is negatively correlated with return on equity. It has been found that exchange rate correlates positively with receivable days, inventory turnover days, payable days, as well as cash conversion cycles. Depending on the exchange rate volatility conditions, firms may adopt aggressive working capital policy or conservative policy by executives. en
utb.faculty Faculty of Management and Economics
dc.identifier.uri http://hdl.handle.net/10563/1009655
utb.identifier.obdid 43881140
utb.identifier.wok 000523558300005
utb.source J-wok
dc.date.accessioned 2020-05-06T19:41:52Z
dc.date.available 2020-05-06T19:41:52Z
utb.contributor.internalauthor Quddus, Abdul
utb.fulltext.affiliation Sarfraz Hussain, Asan Ali Bin Golam Hassan , Muhammad Rafiq, Abdul Quddus 1,2,3 Azman Hashim International Business School, Universiti Teknologi Malaysia, Kuala Lumpur, Malaysia Govt. Imamia College Sahiwal, Pakistan 4 Faculty of Management and Economics, department of accounting & finance University of Tomas Bata, Zlin, czech republic
utb.fulltext.dates -
utb.wos.affiliation [Hussain, Sarfraz] Univ Teknol Malaysia, Azman Hashim Int Business Sch, Kuala Lumpur, Malaysia; Govt Imamia Coll Sahiwal, Sahiwal, Pakistan; Univ Tomas Bata, Dept Accounting & Finance, Fac Management & Econ, Zlin, Czech Republic
utb.fulltext.faculty Faculty of Management and Economics
utb.fulltext.ou Department of Finance and Accounting
utb.identifier.jel -
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