An Investigation on Impact Factors that Affect the Business Efficiency of Oil and Gas Enterprises in Vietnam

Tùng, Hoàng Thanh

doi:10.4172/2162-6359.1000414

Cited by 1 publication

(2 citation statements)

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“…However, some researchers prefer using other measures for overall efficiency. Tung (2017) used return on assets to measure efficiency. Return on assets reflects the level of net income generated per unit of assets, which means it reflects the level of last remaining income after deducting expenses and adding non-core income.…”

Section: Literature Review 21 Efficiency Theoriesmentioning

confidence: 99%

“…Specifically, the study introduced other variables that are different from the existing one in the literature. First, the study measured efficiency based on the operation index as opposed to return on assets adopted by Tung (2017) as a proxy of efficiency. Second, Edgar, Parkinson & Drake (2018) made use of cash conversion cycles like Brigham and Daves (2009) but with little variation as a measure of how cash management affects efficiency.…”

Section: Introductionmentioning

confidence: 99%

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Strategic Role of Efficiency to Cash Management

Alayemi

Salaudeen²

2020

FER

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Purpose: The study aims to examine the strategic role of efficiency to cash management, more specifically as it relates to cash generated from operations of manufacturing companies in Nigeria. Method: Annual cash flow statements of selected manufacturing companies in Nigeria for ten years (2009 -2018) were used to conduct the Pooled Test, Random Test, Fixed Effect, and Hausman Test. Results: The results showed that efficiency has a significant effect on the cash management of manufacturing companies in Nigeria generally coupled with that of the proxies employed (CULC, LTDC, INTC, and EARQ) to measure cash management. Implications: In view of the empirical evidence, the study proffered that cash generated from the operation is very crucial and the most reliable means of generating funds for operation because it is internal; unlike funds generated from investing and financing activities.

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Section: Literature Review 21 Efficiency Theoriesmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%