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Strategies To Improve Financial Profitability In The Banking Industry, Khalid Said, Yvonne Doll
Strategies To Improve Financial Profitability In The Banking Industry, Khalid Said, Yvonne Doll
International Journal of Applied Management and Technology
More than 50% of business failures in the United States are because of leaders’ inability to manage working capital. This qualitative, multiple case study is grounded in the cash conversion cycle theory. The purpose is to explore the strategies bank leaders have used to improve working capital management in three banks in Kentucky to increase bank profitability and improve financial stability. Data were collected using semistructured interviews with three different banking leaders who have implemented successful working capital strategies. Using methodological triangulation and Yin’s five-step data analysis resulted: (a) risk and liquidity, (b) top-down approach, and (c) investment approach. The …