This study examines the impact of capital structure, working capital, and governance quality on financial performance small- medium-sized enterprises in Taiwan using a sample more than 2000 firms from Economic Journal (TEJ) during 24-year period 1995–2018. Panel data are used to create statistics for regression model. The result shows that firm’s represented by debt ratio, has significantly neg...

Three crucial fields of activity such as production, sales, and collection are important determinants the economic lives companies. Working capital management ensures that these activities conducted in a short period at lowest cost incurred by company. Particularly, costs due to time-based, inventory, cash assets adversely affect profitability levels In research study, financial information 21 ...

This study examines the working capital management of various sectors and companies from India during 10 years period year 2010 to 2020. Many studies advocate a linear relationship between profitability, but in this we investigate existence possible relationships different that particular sector. The distribution measure i.e. cash conversion cycle, debtors collection period, creditors payments ...

 This study presents an inventory model for deteriorating items with linearly time-dependent demand rate under trade credits. Mathematical models have been derived under four different situations i.e. Case 1 : The cycle time T is greater than or equal to M1, to get a cash discount, Case 2 : The cycle time T is less than M1, Case 3 : The cycle time is greater than or equal to M2, and Case 4 : T...

Debt introduces firm vulnerability to insolvency as cash flow must be available to make interest payments. This paper reviews the empirical evidence on a sample of more than 6,000 real sector firms in 41 countries and their ability to service debt, as measured by the ratio of cash flow to interest expense, for the period 1994-01. Firmspecific, sector-specific and macroeconomic factors all influ...

This paper tries to incorporate both Chung and Huang (2003b) and Huang and Chung (2003) to develop the buyer’s inventory model. That is, we want to investigate the buyer’s optimal cycle time and optimal payment time under supplier’s trade credit policy and cash discount policy. Mathematical models have been derived for obtaining the optimal cycle time and optimal payment time for item under sup...

Payouts play an important role in the relationship between shareholders and agents in terms of rewarding the decisions of shareholders. Previous studies have observed that payout decisions appear in different ways depending on an industry's financial and operating structures. Since the airline industry has been characterized as high debt dependency, this study presumes distinctive characteristi...

In this note, we modify the model of Huang [21] discussed with retailer’s ordering policy under conditions of cash discount and trade credit. Mathematical model has been modified for obtaining the optimal cycle time and optimal payment policy for item under cash discount and trade credit so that the annual total cost is minimized. Then, we provide a theorem to efficiently determine the optimal ...