INFLUENCE OF WORKING CAPITAL MANAGEMENT ON ORGANIZATION PERFORMANCE: A CASE OF MANUFACTURING INDUSTRY OF PAKISTAN
Purpose:Working Capital Management largely was one of the critical component of financial planning. The financial managers have to put extra effort to gain the benefits from short term financial planning. Therefore in this study the researcher explore the influence or working capital management on organization’s performance.
Design/Methodology/Approach:To investigate, data for this purpose collected from the companies’ listed in Pakistan Stock Exchange from 2015-219.
Findings:Results of this study shows CCC and APP has positively influence on financial performance of the companies. On the other hand ACP and ITO have negative impression to firm’s performance. As CCC and APP has inverse relation with ACP and ITO.
Implications/Originality/Value:The results of this study helps management to lineup their financial strategies regarding improvement of working capital management.