How to cite this paper
Phuong, N & Hung, D. (2020). Impact of working capital management on firm profitability: Empirical study in Vietnam.Accounting, 6(3), 259-266.
Refrences
Afeef, M. (2011). Analyzing the Impact of Working Capital Management on the Profitability of SME's in Pakistan. International Journal of Business and Social Science, 2(22), 173-183.
Akinlo, O., & Olufisayo, O. (2011). The effect of working capital on profitability of firms in Nigeria: Evidence from general method of moments (GMM). Asian Journal of Business and Management Sciences, 1(2), 130-135.
Baños-Caballero, S., García-Teruel, P. J., & Martínez-Solano, P. (2012). How does working capital management affect the profitability of Spanish SMEs? Small business economics, 39(2), 517-529. doi: https://doi.org/10.1007/s11187-011-9317-8
Baños-Caballero, S., García-Teruel, P. J., & Martínez-Solano, P. (2014). Working capital management, corporate performance, and financial constraints. Journal of Business Research, 67(3), 332-338.
Baños‐Caballero, S., García‐Teruel, P. J., & Martínez‐Solano, P. (2010). Working capital management in SMEs. Accounting & Finance, 50(3), 511-527. doi: https://doi.org/10.1111/j.1467-629X.2009.00331.x
Baveld, M. B. (2012). Impact of working capital management on the profitability of public listed firms in The Netherlands during the financial crisis. University of Twente.
Brealey, & Myers, A. (2006). Corporate Finance. New York: Irwin Mc Graw-Hill.
Brennan, M. J., Maksimovics, V., & Zechner, J. (1988). Vendor financing. The Journal of Finance, 43(5), 1127-1141.
Ching, H. Y., Novazzi, A., & Gerab, F. (2011). Relationship between working capital management and profitability in Brazilian listed companies. Journal of Global Business and Economics, 3(1), 74-86.
Dang, H. N., Pham, C. D., & Hoang, H. T. V. (2018). An analysis of the effects of profit to security return: An empirical study of Vietnam. International Journal of Research in Business, Economics and Management, 2(5), 188-201.
Dang, H. N., & Tran, D. M. (2019). Relationship between Accrual Anomaly and Stock Return: The Case of Vietnam. The Journal of Asian Finance, Economics and Business (JAFEB), 6(4), 19-26.
Dang, H. N., Vu, V. T. T., Ngo, X. T., & Hoang, H. T. V. (2019). Study the impact of growth, firm size, capital structure, and profitability on enterprise value: Evidence of enterprises in Vietnam. Journal of Corporate Accounting & Finance, 30(1), 144-160.
Dang, N. H., Pham, D. C., & Vu, T. B. H. (2018). Effects of financial statements information on firms’ value: evidence from Vietnamese listed firms. Investment Management and Financial Innovations, 15(4), 210-218.
Deloof, M. (2003). Does working capital management affect profitability of Belgian firms? Journal of Business Finance & Accounting, 30(3‐4), 573-588.
Emery, G. W. (1984). A pure financial explanation for trade credit. Journal of Financial and Quantitative analysis, 19(3), 271-285.
Filbeck, G., & Krueger, T. M. (2005). An analysis of working capital management results across industries. American Journal of Business, 20(2), 11-20.
Gill, A., Biger, N., & Mathur, N. (2010). The relationship between working capital management and profitability: Evidence from the United States. Business and Economics Journal, 10(1), 1-9.
Ha, T. V., Dang, N. H., Tran, M. D., Van Vu, T. T., & Trung, Q. (2019). Determinants Influencing Financial Performance of Listed Firms: Quantile Regression Approach. Asian Economic and Financial Review, 9(1), 78-90.
Jose, M. L., Lancaster, C., & Stevens, J. L. (1996). Corporate returns and cash conversion cycles. Journal of Economics and finance, 20(1), 33-46.
Juan García-Teruel, P., & Martinez-Solano, P. (2007). Effects of working capital management on SME profitability. International Journal of Managerial Finance, 3(2), 164-177.
Kieschnick, R., Laplante, M., & Moussawi, R. (2013). Working capital management and shareholders’ wealth. Review of Finance, 17(5), 1827-1852.
Kim, Y. H., & Chung, K. H. (1990). An integrated evaluation of investment in inventory and credit: a cash flow approach. Journal of Business Finance & Accounting, 17(3), 381-389.
Lazaridis, I., & Tryfonidis, D. (2006). Relationship between working capital management and profitability of listed companies in the Athens stock exchange. Journal of Financial Management and Analysis, 19(1), 1-12.
Mansoori, D. E., & Muhammad, D. (2012). The effect of working capital management on firm’s profitability: evidence from Singapore. Interdisciplinary Journal of Contemporary Research in Business, 4(5), 472-486.
Mathuva, D. (2010). The Influence of working capital management components on corporate profitability. Research Journal of Business Management, 4(1), 1-11.
Nobanee, H., Abdullatif, M., & AlHajjar, M. (2011). Cash conversion cycle and firm's performance of Japanese firms. Asian Review of Accounting, 19(2), 147-156.
Petersen, M. A., & Rajan, R. G. (1997). Trade credit: theories and evidence. The review of financial studies, 10(3), 661-691.
Sharma, A., & Kumar, S. (2011). Effect of working capital management on firm profitability: Empirical evidence from India. Global Business Review, 12(1), 159-173.
Shin, H.-H., & Soenen, L. (1998). Efficiency of working capital management and corporate profitability. Financial Practice and education, 8(1), 37-45.
Smith, J. K. (1987). Trade credit and informational asymmetry. The journal of finance, 42(4), 863-872.
Tauringana, V., & Adjapong Afrifa, G. (2013). The relative importance of working capital management and its components to SMEs' profitability. Journal of Small Business and Enterprise Development, 20(3), 453-469.
Van Thuy Thi, V., Nhung Hong, D., & Hung Ngoc, D. (2019). Profitability and the Distance to Default: Evidence from Vietnam Securities Market. The Journal of Asian Finance, Economics and Business, 6(4), 53-63.
Wang, Y.-J. (2002). Liquidity management, operating performance, and corporate value: evidence from Japan and Taiwan. Journal of Multinational Financial Management, 12(2), 159-169.
Akinlo, O., & Olufisayo, O. (2011). The effect of working capital on profitability of firms in Nigeria: Evidence from general method of moments (GMM). Asian Journal of Business and Management Sciences, 1(2), 130-135.
Baños-Caballero, S., García-Teruel, P. J., & Martínez-Solano, P. (2012). How does working capital management affect the profitability of Spanish SMEs? Small business economics, 39(2), 517-529. doi: https://doi.org/10.1007/s11187-011-9317-8
Baños-Caballero, S., García-Teruel, P. J., & Martínez-Solano, P. (2014). Working capital management, corporate performance, and financial constraints. Journal of Business Research, 67(3), 332-338.
Baños‐Caballero, S., García‐Teruel, P. J., & Martínez‐Solano, P. (2010). Working capital management in SMEs. Accounting & Finance, 50(3), 511-527. doi: https://doi.org/10.1111/j.1467-629X.2009.00331.x
Baveld, M. B. (2012). Impact of working capital management on the profitability of public listed firms in The Netherlands during the financial crisis. University of Twente.
Brealey, & Myers, A. (2006). Corporate Finance. New York: Irwin Mc Graw-Hill.
Brennan, M. J., Maksimovics, V., & Zechner, J. (1988). Vendor financing. The Journal of Finance, 43(5), 1127-1141.
Ching, H. Y., Novazzi, A., & Gerab, F. (2011). Relationship between working capital management and profitability in Brazilian listed companies. Journal of Global Business and Economics, 3(1), 74-86.
Dang, H. N., Pham, C. D., & Hoang, H. T. V. (2018). An analysis of the effects of profit to security return: An empirical study of Vietnam. International Journal of Research in Business, Economics and Management, 2(5), 188-201.
Dang, H. N., & Tran, D. M. (2019). Relationship between Accrual Anomaly and Stock Return: The Case of Vietnam. The Journal of Asian Finance, Economics and Business (JAFEB), 6(4), 19-26.
Dang, H. N., Vu, V. T. T., Ngo, X. T., & Hoang, H. T. V. (2019). Study the impact of growth, firm size, capital structure, and profitability on enterprise value: Evidence of enterprises in Vietnam. Journal of Corporate Accounting & Finance, 30(1), 144-160.
Dang, N. H., Pham, D. C., & Vu, T. B. H. (2018). Effects of financial statements information on firms’ value: evidence from Vietnamese listed firms. Investment Management and Financial Innovations, 15(4), 210-218.
Deloof, M. (2003). Does working capital management affect profitability of Belgian firms? Journal of Business Finance & Accounting, 30(3‐4), 573-588.
Emery, G. W. (1984). A pure financial explanation for trade credit. Journal of Financial and Quantitative analysis, 19(3), 271-285.
Filbeck, G., & Krueger, T. M. (2005). An analysis of working capital management results across industries. American Journal of Business, 20(2), 11-20.
Gill, A., Biger, N., & Mathur, N. (2010). The relationship between working capital management and profitability: Evidence from the United States. Business and Economics Journal, 10(1), 1-9.
Ha, T. V., Dang, N. H., Tran, M. D., Van Vu, T. T., & Trung, Q. (2019). Determinants Influencing Financial Performance of Listed Firms: Quantile Regression Approach. Asian Economic and Financial Review, 9(1), 78-90.
Jose, M. L., Lancaster, C., & Stevens, J. L. (1996). Corporate returns and cash conversion cycles. Journal of Economics and finance, 20(1), 33-46.
Juan García-Teruel, P., & Martinez-Solano, P. (2007). Effects of working capital management on SME profitability. International Journal of Managerial Finance, 3(2), 164-177.
Kieschnick, R., Laplante, M., & Moussawi, R. (2013). Working capital management and shareholders’ wealth. Review of Finance, 17(5), 1827-1852.
Kim, Y. H., & Chung, K. H. (1990). An integrated evaluation of investment in inventory and credit: a cash flow approach. Journal of Business Finance & Accounting, 17(3), 381-389.
Lazaridis, I., & Tryfonidis, D. (2006). Relationship between working capital management and profitability of listed companies in the Athens stock exchange. Journal of Financial Management and Analysis, 19(1), 1-12.
Mansoori, D. E., & Muhammad, D. (2012). The effect of working capital management on firm’s profitability: evidence from Singapore. Interdisciplinary Journal of Contemporary Research in Business, 4(5), 472-486.
Mathuva, D. (2010). The Influence of working capital management components on corporate profitability. Research Journal of Business Management, 4(1), 1-11.
Nobanee, H., Abdullatif, M., & AlHajjar, M. (2011). Cash conversion cycle and firm's performance of Japanese firms. Asian Review of Accounting, 19(2), 147-156.
Petersen, M. A., & Rajan, R. G. (1997). Trade credit: theories and evidence. The review of financial studies, 10(3), 661-691.
Sharma, A., & Kumar, S. (2011). Effect of working capital management on firm profitability: Empirical evidence from India. Global Business Review, 12(1), 159-173.
Shin, H.-H., & Soenen, L. (1998). Efficiency of working capital management and corporate profitability. Financial Practice and education, 8(1), 37-45.
Smith, J. K. (1987). Trade credit and informational asymmetry. The journal of finance, 42(4), 863-872.
Tauringana, V., & Adjapong Afrifa, G. (2013). The relative importance of working capital management and its components to SMEs' profitability. Journal of Small Business and Enterprise Development, 20(3), 453-469.
Van Thuy Thi, V., Nhung Hong, D., & Hung Ngoc, D. (2019). Profitability and the Distance to Default: Evidence from Vietnam Securities Market. The Journal of Asian Finance, Economics and Business, 6(4), 53-63.
Wang, Y.-J. (2002). Liquidity management, operating performance, and corporate value: evidence from Japan and Taiwan. Journal of Multinational Financial Management, 12(2), 159-169.