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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 | - |