Current Asset Management as the driver of financial efficiency in Textile Industry of Pakistan

2021 ◽  
Author(s):  
Zahid Bashir
2021 ◽  
Vol 09 (01) ◽  
pp. 68-84
Author(s):  
Muhammad Usman Arshad ◽  
◽  
Zahid Bashir ◽  
Muhammad Asif ◽  
Syed Muhammad Shuja ◽  
...  

The study aimed to explore the significance of the relationship between current asset management, and financial efficiency in the textile sector of Pakistan. Financial data were collected for 50 textile companies for the year 2001 to 2017. The researchers analyzed the study using panel-data estimation techniques like the fixed as well as the random-effect after applying the Hausman-test, and LM-test. Fisher type panel unit root test was also applied. The empirical results of the study indicate that current asset ratio as the measure of current asset management is a highly negatively significant driver of financial efficiency in the textile sector of Pakistan. Also, the controlling factors like leverage, and tangibility are significant factors of financial efficiency. The policymakers, and management of the companies in the textile sector of Pakistan should carefully consider current asset ratio for deciding on enhancing the financial efficiency of their firm as current asset ratio decreases financial efficiency in this sector.They should take careful decision in their current asset management practices.


2019 ◽  
pp. 68-77
Author(s):  
Oksana Blуznіuk ◽  
Alona Sifurova

Introduction. The article proves the necessity of improving the overall system of enterprise trade management by developing an efficient subsystem of working capital management in the unity and interconnection with other subsystems and elements. It has to be done in the context of the successive stages of the transformation and reproduction and financial and economic cycle of the operation of a trading enterprise. Purpose. The article aims to substantiate the content and mechanism of the subsystem of current asset management of the trade enterprise on the basis of the use of functional and reproductive and structural and classification approaches. Method. According to the State Statistics Service of Ukraine, the analysis of the dynamics and structure of the volume and structure of financial sources of capital and assets of Ukrainian trade enterprises during 2010-2017 is carried out. It is revealed that the vast majority of domestic enterprises of wholesale and retail trade suffer from a sharp shortage of own funds for the formation of working capital, which is a source of financing of constituent elements of current assets. It significantly affects the level of financial stability, independence and efficiency of financial and economic activity of trade enterprises. Results. The scientific approaches to enterprise management organization based on a systematic approach have been considered and systematized. The effect of modern mechanism of working capital management as an important element of the overall system of management of the trade company has been investigated, taking into account the high proportion of borrowed funds in the structure of sources of financial resources and the significant impact of working capital on the financial performance of trade enterprises. The essence, functions, principles, features, the mechanism of application of functional and reproductive and structural and classification approaches to the management of working capital of trading enterprises in separate successive stages of the reproduction process have been determined. It has been substantiated the expediency of using new approaches to management with the purpose of activating the processes of formation of working capital from diversified financial sources, its investment in current assets, increase of efficiency of use in operational activities and reproduction on a capitalized basis in trade enterprises.


2020 ◽  
Vol 1 (1) ◽  
pp. 21
Author(s):  
Marga Gumelar*

Municipal assets become hard problems that lasted a long time. In the fiscal year 2015, from total asset amount of   Rp 2,048.88 trillion, the Audit Board of the Republic of Indonesia found some problems on the audit of the local government financial report that 1,010 issues were related to asset registration. There were also 48 problems related to unknown assets and potential losses of Rp 289,281.23 million. This paper aims to develop municipal asset management framework by focusing on asset inventory system through the application of information technology. A case study is presented based on the findings of the Audit Board of the Republic of Indonesia. The result is a practical asset inventory system framework   to   improve   current   asset   inventory  performance.   The   use   of information technology can support the improvement of municipal asset management. But the tools are not enough without collaboration with employees. Since some regions in Indonesia inadequately have information technology infrastructure facilities, such as internet access and electricity network, this framework has obvious limitation.


2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Louis De Koker ◽  
Thu Thi Hoai Tran

Purpose The purpose of this paper is to analyze the Vietnamese laws and practices concerning the confiscation of proceeds of crime, especially in view of Vietnam’s obligations to meet the international standards on money laundering and terrorist financing, set by the Financial Action Task Force and relevant international conventions that Vietnam ratified. To limit the scope of this paper, the analysis focuses on the confiscation of proceeds of domestic crimes that do not require international legal assistance. This paper concludes with recommendations for improving the legal framework on criminal asset recovery in Vietnam. Design/methodology/approach This is a doctrinal study that considers the applicable legal framework. This study is supported by brief case studies of major cases involving the confiscation of proceeds of crime. Findings Vietnam has a functioning asset confiscation regime but gaps in the law, lack of financial investigation expertise and lack of focused investigative attention on asset preservation and confiscation are hampering its effectiveness. The key gaps can easily be closed with appropriate amendments to the law. These reforms should be combined with a dedicated skills development program to produce sufficient number of financial investigation experts and criminal asset management experts to support the regime. The training should extend to judicial officers to ensure an appropriate understanding of the asset confiscation law. Reforms such as these should follow on a comprehensive review of Vietnam’s law and practices relating to the confiscation and forfeiture of criminal assets. This review should extend to assets linked to the financing of terrorism and proliferation to ensure that Vietnam has a comprehensive regime to deal with criminal assets. Research limitations/implications This paper draws on publicly available information regarding the confiscation of proceeds of crime in Vietnam. Little data is available on asset confiscation and that prevents an in-depth assessment of the regime. Originality/value This paper highlights gaps in the current asset confiscation regime and proposes reforms and approaches that will ensure a more effective asset confiscation regime for Vietnam.


2007 ◽  
Vol 59 (4) ◽  
pp. 546-559 ◽  
Author(s):  
Grzegorz Michalski

The basic financial purpose of an enterprise is maximization of its value Trade credit management should also contribute to realization of this fundamental aim. Many of the current asset management models that are found in financial management literature assume book profit maximization as the basic financial purpose. These book profit-based models could be lacking in what relates to maximization of enterprise value. The enterprise value maximization strategy is executed with a focus on risk and uncertainty. This article presents the consequences that can result from operating risk that is related to purchasers using payment postponement for goods and/or services. The present article offers a method that uses portfolio management theory to determine the level of accounts receivable in a firm.


1986 ◽  
Vol 32 (1) ◽  
pp. 69-70
Author(s):  
Yong H. Kim ◽  
Venkat Srinivasan

2017 ◽  
Vol 7 (1) ◽  
pp. 19-31
Author(s):  
Alhazmi Naief

Purpose The purpose of this paper is to understand the characteristics of the current asset management (AM) practices across the Saudi public sector (SPS). Design/methodology/approach The study uses a mixture of inductive and deductive logic, including, at the outset, developing a framework tool to assess the SPS using thematic analysis. The framework is based on seven well-known international AM standards and guidelines. Later, a structured interview with 196 items is used to capture characteristics of SPS AM practices. Univariate and interpretive analyses were performed. Findings AM practices across the SPS are characterised by the following: in the majority of ministries, practices are below expectations; performance indicators are unrealistic and incomprehensive; public servants lack awareness of AM practices; the majority of the public sector overlooks the existence of professional standards; policies are not consistent across the sector; and finally, there is an over-reliance on public servants’ experience. Research limitations/implications Policy implications – current AM practices across the SPS need to be established, in particular by introducing policies and professional standards. Originality/value Physical assets are vital resources for organisations and, in turn, countries. There are no extant studies about AM practices across the SPS, and thus the evident need for such studies to develop current SPS knowledge, particularly given the notable increase in the country’s physical assets since its emergence and the formal AM practice development worldwide.


2021 ◽  
Vol 1202 (1) ◽  
pp. 012002
Author(s):  
Sukalpa Biswas ◽  
John Proust ◽  
Tadas Andriejauskas ◽  
Alex Wright ◽  
Carl van Geem ◽  
...  

Abstract Road infrastructure asset management is rapidly transforming into a digital environment where data accessibility, effective integration and collaboration and accessibility from different sources and assets are key. However, current asset management processes are not yet fully integrated or linked, and there are incompatibilities between various systems and platforms that limit the ability to integrate asset management with BIM. The CoDEC project has sought to understand the current status of information management for assets, including inventory, condition and new data sources such as sensors and scanning systems, to identify the challenges and needs for linking and integrating different data sets to support effective asset management. As a result, CoDEC has developed a data dictionary framework to help link/integrate static and dynamic data for the “key” infrastructure assets (road pavements, bridges, tunnels). This will enable BIM and Asset Management Systems (AMS) to exchange data and help optimise and integrate data management across systems and throughout the different asset lifecycle phases, from build to operation. This work will be followed up with three pilot projects to demonstrate the feasibility of integrating asset data from various sources through linked data/semantic web technology to build the connection between AMS and BIM platforms.


2020 ◽  
Vol 1 (1) ◽  
pp. 1
Author(s):  
Marga Gumelar

ABSTRACTMunicipal assets become hard problems that lasted a long time. In the fiscal year 2015, from total asset amount of  Rp 2,048.88 trillion, the Audit Board of the Republic of Indonesia found some problems on the audit of the local government financial report that 1,010 issues were related to asset registration. There were also 48 problems related to unknown assets and potential losses of Rp 289,281.23 million. This paper aims to develop municipal asset management framework by focusing on asset inventory system through the application of information technology. A case study is presented based on the findings of the Audit Board of the Republic of Indonesia. The result is a practical asset inventory system framework to improve current asset inventory performance. The use of information technology can support the improvement of municipal asset management. But the tools are not enough without collaboration with employees. Since some regions in Indonesia inadequately have information technology infrastructure facilities, such as internet access and electricity network, this framework has obvious limitation.Keywords—asset inventory; sustainable asset management; municipal asset; data management; IoT 


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