{"title":"企业具体措施和董事会属性对营运资金的影响:来自巴基斯坦纺织业的证据","authors":"N. Sheikh","doi":"10.22555/PBR.V20I3.598","DOIUrl":null,"url":null,"abstract":"The core objective of this paper is to investigate whether firm specific variables and board attributes affect the working capital ratio of textile composite, textile spinning, textile weaving and overall sample of firms listed on KSE during 2008-2014. Profitability is positively related to working capital ratio in textile spinning, textile weaving and in over sample of firms. Alternatively, profitability is inversely related to working capital ratio in textile composite. Firm size, leverage and assets tangibility have shown consistent results and negatively related to working capital ratio in all regressions. Age is positively related to working capital ratio in textile composite and in overall sample of firms. Board size is unrelated to working capital ratio. Board composition is positively (in textile composite only) while CEO duality is negatively (in textile spinning only) related to working capital ratio. In sum, firm specific variables have a significant while board attributes have a minute impact on working capital ratio.","PeriodicalId":255789,"journal":{"name":"Pakistan Business Review","volume":"7 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"2019-05-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"1","resultStr":"{\"title\":\"EFFECTS OF FIRM SPECIFIC MEASURES AND BOARD ATTRIBUTES ON WORKING CAPITAL: EVIDENCE FROM TEXTILE INDUSTRY OF PAKISTAN\",\"authors\":\"N. Sheikh\",\"doi\":\"10.22555/PBR.V20I3.598\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"The core objective of this paper is to investigate whether firm specific variables and board attributes affect the working capital ratio of textile composite, textile spinning, textile weaving and overall sample of firms listed on KSE during 2008-2014. Profitability is positively related to working capital ratio in textile spinning, textile weaving and in over sample of firms. Alternatively, profitability is inversely related to working capital ratio in textile composite. Firm size, leverage and assets tangibility have shown consistent results and negatively related to working capital ratio in all regressions. Age is positively related to working capital ratio in textile composite and in overall sample of firms. Board size is unrelated to working capital ratio. Board composition is positively (in textile composite only) while CEO duality is negatively (in textile spinning only) related to working capital ratio. In sum, firm specific variables have a significant while board attributes have a minute impact on working capital ratio.\",\"PeriodicalId\":255789,\"journal\":{\"name\":\"Pakistan Business Review\",\"volume\":\"7 1\",\"pages\":\"0\"},\"PeriodicalIF\":0.0000,\"publicationDate\":\"2019-05-23\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"1\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Pakistan Business Review\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://doi.org/10.22555/PBR.V20I3.598\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"\",\"JCRName\":\"\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Pakistan Business Review","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.22555/PBR.V20I3.598","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
EFFECTS OF FIRM SPECIFIC MEASURES AND BOARD ATTRIBUTES ON WORKING CAPITAL: EVIDENCE FROM TEXTILE INDUSTRY OF PAKISTAN
The core objective of this paper is to investigate whether firm specific variables and board attributes affect the working capital ratio of textile composite, textile spinning, textile weaving and overall sample of firms listed on KSE during 2008-2014. Profitability is positively related to working capital ratio in textile spinning, textile weaving and in over sample of firms. Alternatively, profitability is inversely related to working capital ratio in textile composite. Firm size, leverage and assets tangibility have shown consistent results and negatively related to working capital ratio in all regressions. Age is positively related to working capital ratio in textile composite and in overall sample of firms. Board size is unrelated to working capital ratio. Board composition is positively (in textile composite only) while CEO duality is negatively (in textile spinning only) related to working capital ratio. In sum, firm specific variables have a significant while board attributes have a minute impact on working capital ratio.
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