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2012 | 3 |

Tytuł artykułu

Efektywność gospodarowania zapasami w przemyśle spożywczym

Autorzy

Treść / Zawartość

Warianty tytułu

EN
Efficiency of stock management in food industry

Języki publikacji

PL

Abstrakty

EN
The article attempts to verity the cause and effect relationships between the indicators of stock management and the financial performance of enterprises. The research was based on the CSO statistics for 2005-2010 divided into food industry sectors. Relaying on the estimated parameters of the return on sales, return on assets and return on equity models it was stated that improvement of stock management efficiency, measured with the length of stock cycle, is positively correlated with profitability.

Słowa kluczowe

Wydawca

-

Rocznik

Numer

3

Opis fizyczny

s.68-88,rys.,tab.,bibliogr.

Twórcy

autor
  • Uniwersytet Przyrodniczy w Poznaniu, Poznań
autor
  • Uniwersytet Przyrodniczy w Poznaniu, Poznań

Bibliografia

  • 1. Bank for Accounts of Companies Harmonised. The European database of aggregate in-formation on non-financial corporations. European Central Bank, http://www.bachesd.banque-france.fr.
  • 2. Brigham E.F., Gapenski L.C.: Intermediate financial management. The Dryden Press, New York 1993.
  • 3. Cannon A.R.: Inventory improvement and financial performance. International Journal of Production Economics, vol. 115, no. 2, 2008.
  • 4. Capkun V., Hameri A.P., Weiss L.A.: On the relationship between inventory and financial performance in manufacturing companies. International Journal of Operations & Production Management, vol. 29, no. 8, 2009.
  • 5. Chan H., Frank M.Z., Wu O.Q.: What actually happened to the inventories of American companies between 1981 and 2000? Management Science, vol. 51, no. 7, 2005.
  • 6. Chan, K., Chen N.: An unconditional asset-pricing test and the role of firm size as an instrumental variable for risk. Journal of Finance, vol. 43, no. 2, 1988.
  • 7. Chan K., Chen N., Hsieh D.: An exploratory investigation of the firm size effect. Journal of Financial Economics, vol. 14, no. 3, 1985
  • 8. Deloof M.: Does working capital management affect profitability of Belgian firms? Journal of Business Finance & Accounting, vol. 30, no. 3-4, 2003.
  • 9. Dong H.P., Su J.: The relationship between working capital management and profitability: a Vietnam case. International Research Journal of Finance and Economics, issue 49, 2010.
  • 10. Eroglu C., Hofer C.: Inventory types and firm performance: vector autoregressive and vector error correction models. Journal of Business Logistics, vol. 32, no. 3, 2011.
  • 11. Gaur V., Fisher M.L., Raman A.: An econometric analysis of inventory turnover performance in retail services. Management Science, vol. 51, no. 2, 2005.
  • 12. Goldberger A.S.: Teoria ekonometrii. PWE, Warszawa 1972.
  • 13. Gołaś Z., Czerwińska-Kayzer D., Bieniasz A.: Zarządzanie kapitałem obrotowym w przemyśle spożywczym. Zagadnienia Ekonomiki Rolnej, nr 3, 2011.
  • 14. Hawawini G., Viallet C.: Finance for executives. Managing for Value Creation. Thomson Learning/South-Western, 2002.
  • 15. Kempny D.: Koszty zapasów. Gospodarka Materiałowa i Logistyka, nr 7-8, 1995.
  • 16. Kisperska-Moroń D.: Czynniki kształtujące poziom i strukturę zapasów w przedsiębiorstwach. Gospodarka Materiałowa i Logistyka, nr 11, 1995.
  • 17. Kolias G.D, Dimelis S.P, Filios V.P.: An empirical analysis of inventory turnover behaviour in Greek retail sector: 2000-2005, International Journal of Production Economics, vol. 133, no. 1, 2011.
  • 18. Koumanakos D.P.: The effect on inventory management on firm performance. International Journal of productivity and Performance Management, vol. 57, no. 5, 2008.
  • 19. Lazaridis, I., Tryfonidis, D.: Relationship between working capital management and profitability of listed companies in the Athens stock exchange. Journal of Financial Management and Analysis, vol. 19, no. 1, 2006.
  • 20. Obermaier R., Donhauser A.: Disaggregate and aggregate inventory to seles ratios over time: the case of German corporations 1993-2005. Logistics Research, vol. 1, no. 2, 2009.
  • 21. Padachi K.: Trends in working capital management and its impact on firms’ performance: an analysis of Mauritian small manufacturing firms. International Review of Business Research Papers, vol. 2, no. 2, 2006.
  • 22. Raheman A., Qayyum A., Afza T., Bodla M.A.: Sector-wise analysis of working capital management and firm performance in manufacturing sector of Pakistan. Interdisciplinary Journal of Contemporary Research in Business, vol. 2, no. 7, 2010.
  • 23. Ramachandran A., Janakiraman M.: The relationship between working capital manage-ment efficiency and EBIT. Managing Global Transitions, vol. 7, no. 1, 2009.
  • 24. Roumiantsev S., Netessine S.: What can be learned from classical inventory models? A cross-industry exploratory investigation. Manufacturing and Service Operations Management, vol. 9, no. 4, 2007.
  • 25. Shah R., Shin H.: Relationships among information technology, inventory and profit-ability: an investigation of level invariance using sector level data. Journal of Operations Management, vol. 25, no. 4, 2007.
  • 26. Sierpińska M., Wędzki D.: Zarządzanie płynnością finansową w przedsiębiorstwie. PWN, Warszawa 1997.
  • 27. Sine W.D., Shane S., Di Gregorio D.: The halo effect and technology licensing: the influence of institutional prestige on the licensing of university inventions. Management Science, vol. 49, no. 4, 2003.
  • 28. Wędzki D.: Analiza wskaźnikowa sprawozdania finansowego. Oficyna Ekonomiczna, Kraków 2006.
  • 29. Wędzki D.: Strategie płynności finansowej przedsiębiorstwa; przepływy pieniężne a wartość dla właścicieli. Oficyna Ekonomiczna, Kraków 2003.

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Bibliografia

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