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A Panel Data Analysis Of Working Capital Management Policies, Mian Sajid Nazir, Talat Afza
A Panel Data Analysis Of Working Capital Management Policies, Mian Sajid Nazir, Talat Afza
Business Review
The present study investigates into the traditional relationship of working capital management and firm’s profitability. Using panel data set for the period of 1998- 2005, the impact of aggressiveness of working capital investment and financing policies have been evaluated on return on assets as well as Tobin’s q. Managers can create value if they are adopting for a conservative approach towards working capital investment and working capital financing policies. However, if firms are having aggressive approach to manage the short term liabilities, investors give more value to those firms in stock markets.
Panel Data Models: An Appraisal Of Lead-Lag Relation In The Kse-30, Muhammad Ayub Siddiqui
Panel Data Models: An Appraisal Of Lead-Lag Relation In The Kse-30, Muhammad Ayub Siddiqui
Business Review
The lead-lag relation between index futures and the underlying index has been at the core of discussion of the researchers in the developing and the developed world. This study examines the lead-lag relationship between spot and future prices of 21 companies from the KSE-30 Index for the monthly data of the period from October 2004 to February 2008. It applies panel data estimation techniques of common constants, fixed effects and random effects. These estimations are considered to be the most recent and efficient analytical methods in handling econometric data. The data is balanced; therefore, no additional assumption has been employed. …