Practices of Working Capital Policy and Performance Assessment Financial Ratios and Their Relationship with Organization Performance

World Applied Sciences Journal, Vol. 12, No. 11, pp. 1967-1973, 2011

7 Pages Posted: 23 May 2011

See all articles by Ahmed Imran Hunjra

Ahmed Imran Hunjra

University of Waikato; Pir Mehr Ali Shah Arid Agriculture University Rawalpindi (PMAS)

Ghulam Shabbir Khan Niazi

affiliation not provided to SSRN

Nina Rashid Majid

affiliation not provided to SSRN

Syed Waqar Akbar

affiliation not provided to SSRN

Muhammad Naeem Akhtar

affiliation not provided to SSRN

Date Written: May 5, 2011

Abstract

The purpose this study is to highlight the application of working capital policy and the performance assessment financial ratios and to determine their relationship with organization performance. The target respondents were the finance executives/financial analysts of the companies. 64 properly filled questionnaires were processed for analysis. This study concludes that the finance executives consider that the proper practices of working capital and financial ratios are very important for the growth and performance of the organization. This research study also finds that there is positive and significant relationship between these practices and organization performance.

Keywords: Working capital policy, financial ratios, corporate sector, organization performance, significant relationship

Suggested Citation

Hunjra, Ahmed Imran and Niazi, Ghulam Shabbir Khan and Majid, Nina Rashid and Akbar, Syed Waqar and Akhtar, Muhammad Naeem, Practices of Working Capital Policy and Performance Assessment Financial Ratios and Their Relationship with Organization Performance (May 5, 2011). World Applied Sciences Journal, Vol. 12, No. 11, pp. 1967-1973, 2011. Available at SSRN: https://ssrn.com/abstract=1849206

Ahmed Imran Hunjra (Contact Author)

University of Waikato ( email )

Te Raupapa
Private Bag 3105
Hamilton, 3240
New Zealand

Pir Mehr Ali Shah Arid Agriculture University Rawalpindi (PMAS) ( email )

Muree Road Rawalpindi
Shamsabad, Punjab 44000
Pakistan
00923457162527 (Phone)

Ghulam Shabbir Khan Niazi

affiliation not provided to SSRN ( email )

Nina Rashid Majid

affiliation not provided to SSRN ( email )

Syed Waqar Akbar

affiliation not provided to SSRN

Muhammad Naeem Akhtar

affiliation not provided to SSRN ( email )

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