Event Title

The School of Business & Information Systems

Event Website

https://www.youtube.com/channel/UCiHw7sFQ-n6Xz2fVTqsaU1Q

Start Date

19-4-2022 9:55 AM

End Date

19-4-2022 10:20 AM

Description

Presentation

Title: A Critical Evaluation of Management of Working Capital and Profitability of Public Listed Conglomerates in Trinidad and Tobago for the period 2016 – 2020

Principal Investigator: Dr. Raghavalu Ramella

Comments

Abstract

The well-implemented working capital management strategies enhance profitability through various transmission mechanisms. This study analyses the association between working capital strategies and profitability in selected public limited companies in Trinidad and Tobago on these theoretical grounds. We apply widely accepted gauges of working capital management strategies including, average inventory turnover period, average receivable collection period, average payment period, cash conversion cycle as the working capital management strategies. Applying statistical and non-statistical approaches, we perform aggregate and dis aggregate analyses of the working capital management strategies. The results of the disaggregate analysis reveal mixed, and in one case, we could not find evidence of an association between working capital management strategies and profitability. However, the aggregate analysis shows a strong negative and significant correlation between working capital management and profitability. We further expand this analysis to the individual components of working capital. These results indicate a robust positive relationship between all individual working capital components and profitability, except for the average receivables collection period, where interestingly, there was a statistically weak correlation.

Biography

Biography

Dr. Raghavalu Ramella serves as the Professor of Accounting, Economics & Management and Director of MBA Program. in the School of Business at the Oakwood University. He holds a Bachelor’s in Business Administration with a concentration in Accounting, Computer Science and Management and an MDBA in Management from Spicer Adventist University (formerly Spicer Memorial College), India, an MBA in Accounting and Management from Southern Adventist University, Tennessee, USA, an MA and M. Phil in Financial Economics and a Ph.D. in Economics with Accounting Emphasis from Tilak Maharashtra University, Pune, India. Prior to teaching at the Oakwood University, He served as the Professor of Accounting, &Economics & Management, Coordinator of MBA Program, Chair and Dean in the School of Business & Entrepreneurship at the University of the Southern Caribbean, Trinidad and Tobago, West Indies between the years 2006 – 2019. His research is focused on Socio-Economic conditions of Workers and Worker’s Management in Management. He has a broad background in Accounting and Management, with specific training and expertise in accounting and empirical research and secondary data analysis of financial statements and reports of various industries. In addition, he effectively managed the projects, collaborated with other researchers, and produced several peer-reviewed publications from each project. As a result of these previous experiences, he is aware of the importance of frequent communication among project members and of constructing a realistic research plan, timeline, and budget. He has published papers in accounting, management, economics, and finance journals. He was a member of Maratha Chamber of Commerce, India. He is currently a member of International Financial Management Association (IFMA), Florida, USA. Institute Charted Accountants of Trinidad and Tobago (ICATT) and Association of Certified Charted Accountants (ACCA). His current research interests include Cross-Cultural issues in accounting, International Accounting Standards, Working Capital Management, Accounting of Mergers and Acquisitions, Cash flow management, International Auditing Standards, Accounting for Non-Profit Organizations, Capital Structure and Liquidity v/s profitability. In brief, he has the expertise, skills, experience, and motivation necessary to effectively carry out the extensive research.

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Apr 19th, 9:55 AM Apr 19th, 10:20 AM

The School of Business & Information Systems

Presentation

Title: A Critical Evaluation of Management of Working Capital and Profitability of Public Listed Conglomerates in Trinidad and Tobago for the period 2016 – 2020

Principal Investigator: Dr. Raghavalu Ramella

https://ouscholars.oakwood.edu/annual_faculty_research_symposium/2022/schedule/4