出版社：Economic Laboratory for Transition Research Podgorica
摘要：The purpose of this study is to explore the influence of working
capital management on the profitability of the heavy vehicle industry
in Pakistan from 2005 to 2017. For this purpose, five firms were
selected. There were six independent variables that included average
account payable, cash conversion cycle, accounts receivable
turnover, inventory turnover, and quick ratio. The size of business
was used as the control variable. The dependent variables were
rerun on assets and return on equity. The Panel least squares regression
(PLSR) was employed to examine the relationships
amongst the variables. The results revealed that most of the elements
of working capital have a significant effect on return on equity
and return on assets. However, the size of the business had an
insignificant impact on profitability. This research study has provided
basic foils to the future research studies, and guidelines to the
financial managers of heavy vehicle industry that how to manage
their financial portfolios for optimum profitability.
关键词：Working capital management;
return on equity;
panel least square regression;
return on assets;
heavy vehicle industry;
average accounts payable;
pensioners
