营运资金与捷克食品行业公司盈利能力的关系

Q2 Economics, Econometrics and Finance

Agris On-line Papers in Economics and Informatics Pub Date : 2022-09-30 DOI:10.7160/aol.2022.140308

Markéta Šeligová, Ivana Koštuříková

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引用次数: 1

摘要

本文的目的是确定捷克共和国食品行业运营公司的营运资本与盈利能力之间的关系，然后了解2009年至2019年营运资本如何影响这些公司的盈利能力。在研究的第一部分，我们估计了以现金转换周期、流动资产比率、流动负债比率、流动资本比率等变量衡量的营运资本与以销售回报率衡量的企业盈利能力之间的联系。在下一部分的研究中，我们估计了以现金转换周期、流动资产比率、流动负债比率、流动资本比率等变量衡量的营运资本对以销售回报率衡量的企业盈利能力的影响。相关分析和GMM方法将用于确定运营资本与公司盈利能力之间的关系，以及运营资本如何影响这些公司的盈利能力。相关性分析结果显示，销售回报率与现金转换周期、流动资产比率、流动负债比率和营运资本比率等变量之间存在统计上显著的联系。GMM方法的结果显示，现金转换周期、流动资产比率、流动负债比率和营运资本比率等变量对以销售回报率指标衡量的公司盈利能力的影响具有统计学意义。所有减轻的影响都已被证明适用于整个食品行业以及食品和饮料生产中的公司。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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The Relationship between Working Capital and Profitability of Companies Operating in the Food Industry in the Czech Republic

The aim of this article is to determine the relationship between working capital and profitability of companies operating in the food industry in the Czech Republic and then find out how working capital affects the profitability of these companies from 2009 to 2019. In the first part of the research we estimate the links between working capital measured by variables such as cash conversion cycle, current assets ratio, current liabilities ratio, working capital ratio and corporate profitability measured by return on sales. In the next part of the research, we estimate the effect of working capital measured by variables such as cash conversion cycle, current assets ratio, current liabilities ratio, working capital ratio on corporate profitability measured by return on sales. Correlation analysis and the GMM method will be used to determine the relationship between working capital and the profitability of companies and how working capital affects the profitability of these companies. The results of the correlation analysis showed statistically significant links between return on sales and variables such as cash conversion cycle, current assets ratio, current liabilities ratio and working capital ratio. The results of the GMM method showed a statistically significant effect of variables such as cash conversion cycle, current assets ratio, current liabilities ratio and working capital ratio on the profitability of companies measured by the return on sales indicator. All mitigated effects have been demonstrated for companies operating in the food industry as a whole, as well as in the production of food products and beverages.

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来源期刊

Agris On-line Papers in Economics and Informatics Economics, Econometrics and Finance-Economics, Econometrics and Finance (miscellaneous)

CiteScore

2.20

自引率

0.00%

发文量

期刊介绍： The international journal AGRIS on-line Papers in Economics and Informatics is a scholarly open access, blind peer-reviewed by two reviewers, interdisciplinary, and fully refereed scientific journal. The journal is published quarterly on March 30, June 30, September 30 and December 30 of the current year by the Faculty of Economics and Management, Czech University of Life Sciences Prague. AGRIS on-line Papers in Economics and Informatics covers all areas of agriculture and rural development: -agricultural economics -agribusiness -agricultural policy and finance -agricultural management -agriculture''s contribution to rural development -information and communication technologies -information and database systems -e-business and internet marketing -ICT in environment -GIS, spatial analysis and landscape planning The journal provides a leading forum for an interaction and research on the above-mentioned topics of interest. The journal serves as a valuable resource for academics, policy makers and managers seeking up-to-date research on all areas of the subject. The journal prefers scientific papers by international teams of authors who deal with problems concerning the focus of our journal in the world-wide scope with relation to Europe.