Optimal Investment and Financing Policy

1963 ◽  
Vol 18 (2) ◽  
pp. 264 ◽  
Author(s):  
M. J. Gordon
Author(s):  
Sunardi Sunardi Et. al.

The objective of this study is to investigate the effect of conservative working capital policy on profitability and examine the effect of conservative working capital policy on sustainable growth mediated by profitability in the manufacturing sector in Indonesia. This study involves 133 manufacturing firms in Indonesia during the 2013-2018 period. Data are analyzed using panel data regression with random effects estimation models. The result of this study showed that conservative working capital policy, both investment and financing policy, has proven to have a positive effect on sustainable growth rate. Besides, this study also proved that profitability has a positive effect on SGR. Furthermore, there was the effect of conservative working capital policies on the level of sustainable growth through profitability. This study not only contributes to expanding knowledge about the relationship between working capital policies, profitability and sustainable growth rates, but also has relevant implications for firm managers to improve firm performance to be able to grow sustainably


2014 ◽  
Vol 962-965 ◽  
pp. 2076-2079
Author(s):  
Ping Ping Zheng ◽  
Jing Zhong Zhang

Environmental industry has become one of the world's hottest sunrise industry and there is a big necessity for China to import leading environmental technology from the EU to develop environmental industry and build Sustainable economic development.However,problems such as unsatisfying environmental policy implementation,not advanced environmental technology R&D investment and financing system,lacking of long-term strategic planning and not perfect innovation mechanism and talent management and so on,greatly reduce the efficiency of putting the technology introduced into use and developing the environmental industry.In order to solve that,government have to strengthen the environmental supervision,formulate appropriate R&D investment and financing policy,enact enterprise long-term strategic planning and also improve the personnel management.


Sign in / Sign up

Export Citation Format

Share Document