The impact of the corona epidemic on working capital management for jordanian companies listed on the amman stock exchange

Hamshari, Yaser Mohd; Alqam, Mohammad Ahmad; Ali, Haitham Yousef

doi:10.1080/23322039.2022.2157541

Cited by 10 publications

(10 citation statements)

References 51 publications

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“…Moreover, these outcomes are inconsistent with prior findings, such as those of Ahmad et al [38], which confirm that WCM efficiency was more significantly and negatively influenced by COVID-19. Hamshari et al [39] indicate that COVID-19 negatively impacts WCM efficiency in Jordanian firms. Tarkom [40] indicates that COVID-19 negatively impacts WCM efficiency in US firms.…”

Section: Tobit Regression Resultsmentioning

confidence: 99%

“…The results reveal that WCM efficiency was more significantly and negatively influenced during the COVID-19 crisis than during the financial crisis of 2008. Hamshari et al [ 39 ] investigated the impact of COVID-19 on efficiency of WCM utilizing a selection of 101 Jordanian companies from 2012 to 2021. The outcomes reveal that COVID-19 negatively impacts a company's WCM efficiency.…”

Section: Literature Reviewmentioning

confidence: 99%

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Evaluating the Super-Efficiency of Working Capital Management Using Data Envelopment Analysis: Does COVID-19 Matter?

Habib¹,

Kayani

2023

Oper. Res. Forum

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This study evaluates the working capital management (WCM) super-efficiency in UAE firms and determines how the COVID-19 crisis may affect WCM super-efficiency from a statistical perspective. Data envelopment analysis (DEA), difference tests, and Tobit regression techniques are used. Integration of DEA with Tobit regression is required to recognize the potential statistical consequence of COVID-19 on the super-efficiency of WCM. The results show that WCM super-efficiency is moderate and requires decision-makers' corrective measures to attain best practices. The study results show no significant difference in WCM super-efficiency, and COVID-19 does not significantly influence WCM super-efficiency. The results would rouse decision-makers' interests, who would look into the firm's efficiency and weak spots. They would then take major steps to improve efficiency and achieve the best practices. Stakeholders such as managers, financiers, and investors may need these results to monitor how firms manage their assets and liabilities. We contribute to the literature by investigating and evaluating firms' WCM super-efficiency pre and post the COVID-19 pandemic employing a unique technique based on DEA super-efficiency and examining whether COVID-19 has affected WCM super-efficiency to extend the scope of knowledge and stressing the importance of sound WCM, especially in periods of economic distress.

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Section: Tobit Regression Resultsmentioning

confidence: 99%

Section: Literature Reviewmentioning

confidence: 99%

Evaluating the Super-Efficiency of Working Capital Management Using Data Envelopment Analysis: Does COVID-19 Matter?

Habib¹,

Kayani

2023

Oper. Res. Forum

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“…Hamshari et al [ 80 ] argued that COVID-19 leads to the decline in WC performance, and a conservative WCM method is appropriate for most companies during the COVID-19 period. However, Habib and Kayani [ 81 ] concluded that COVID-19 does not significantly affects the efficiency of WCM.…”

Section: Resultsmentioning

confidence: 99%

Does working capital management improve financial performance in China’s agri-food sector during COVID-19? A comparison with the 2008 financial crisis

Liu,

Zhou,

2024

PLoS ONE

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The objective of this study is to explore the impact of working capital management on firms’ financial performance in China’s agri-food sector from 2006 to 2021. In addition, we analyze whether this impact is the same during the 2008 financial crisis and the 2020 COVID-19 crisis. Working capital management is measured by working capital investment policy (measured by current assets to total assets ratio), working capital financing policy (measured by current liabilities to total assets ratio), cash conversion cycle, and net working capital ratio. The results reveal that current assets to total assets ratio and net working capital ratio positively influence financial performance measured through return on assets (ROA), while current liabilities to total assets ratio and cash conversion cycle negatively influence ROA. We also find that the relationship between working capital management and financial performance is more affected during COVID-19 than in the 2008 financial crisis. The findings might provide important implications for company managers to make optimal working capital management practices, depending on the economic environment.

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“…Authors like Zhang et al (2009) have emphasised that businesses heavily reliant on fixed assets are more susceptible to disruptions. Working capital, which includes cash, inventory, and accounts receivable, plays a crucial role in an organisation's ability to maintain operations during and after disasters (Hamshari et al, 2022). Interruptions in the DPM 33,6 supply chain, disruptions in cash flow, or inventory losses can erode an organisation's working capital, rendering it more vulnerable to hazards.…”

Section: Capital Vulnerability Pathwaymentioning

confidence: 99%

“…(2009) have emphasised that businesses heavily reliant on fixed assets are more susceptible to disruptions. Working capital, which includes cash, inventory, and accounts receivable, plays a crucial role in an organisation’s ability to maintain operations during and after disasters (Hamshari et al. , 2022).…”

Section: Capital Vulnerability Pathwaymentioning

confidence: 99%

Organisational vulnerability: exploring the pathways

Chipangura,

van Niekerk,

Mangara

et al. 2024

DPM

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PurposeThis study aimed to address the underexplored domain of organisational vulnerability, with a specific focus on understanding how vulnerability is understood in organisations and the underlying pathways leading to vulnerability.Design/methodology/approachThis study utilised a narrative literature review methodology, using Google Scholar as the primary source, to analyse the concepts of organisational vulnerability in the context of disaster risk studies. The review focused on relevant documents published between the years 2000 and 2022.FindingsThe analysis highlights the multifaceted nature of organisational vulnerability, which arises from both inherent weaknesses within the organisation and external risks that expose it to potential hazards. The inherent weaknesses are rooted in internal vulnerability pathways such as organisational culture, managerial ignorance, human resources, and communication weaknesses that compromise the organisation’s resilience. The external dimension of vulnerability is found in cascading vulnerability pathways, e.g. critical infrastructure, supply chains, and customer relationships.Originality/valueAs the frequency and severity of disasters continue to increase, organisations of all sizes face heightened vulnerability to unforeseen disruptions and potential destruction. Acknowledging and comprehending organisational vulnerability is a crucial initial step towards enhancing risk management effectiveness, fostering resilience, and promoting sustainable success in an interconnected global environment and an evolving disaster landscape.

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The impact of the corona epidemic on working capital management for jordanian companies listed on the amman stock exchange

Cited by 10 publications

References 51 publications

Evaluating the Super-Efficiency of Working Capital Management Using Data Envelopment Analysis: Does COVID-19 Matter?

Evaluating the Super-Efficiency of Working Capital Management Using Data Envelopment Analysis: Does COVID-19 Matter?

Does working capital management improve financial performance in China’s agri-food sector during COVID-19? A comparison with the 2008 financial crisis

Organisational vulnerability: exploring the pathways

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