摘要：This paper aims to investigates the impact of strategic short term financial management on corporate earnings with its ultimate substance on liquidity and firm financial risk. Sort term financial management is an imperative territory of firm money related administration implies the administration of current resources and current liabilities. The administration of these benefits and liabilities requires the significant consideration and key arranging since it conceivably impacts the company's productivity, liquidity, esteem, and hazard as both business and monetary hazard. In today’s competitive business world majority of firms greatly focuses on long term financial management which involves greater uncertainly and risk and ignores the potential and key strategic area of concern to firm value addition principle which is either called by some financial expert as short term financial management or working capital management. The study investigates this critical and important component of strategic short-term financial management and its various components on earnings by taking into consideration the sample of various listed firms on Karachi Stock Exchange for the period 2008- 2017. The sample consists of 255 firms from Textile, Chemical, Engineering, Sugar, Cement, Fuel and Energy and Tobacco sector. Finally, study significant hypothesis tested through various statistical panel data regression models.
