Based on the definition of the main body of capital operation in the apparel enterprises - modern apparel enterprise, and the view of the existing explanations of capital operation in theoretical and practical fields,...Based on the definition of the main body of capital operation in the apparel enterprises - modern apparel enterprise, and the view of the existing explanations of capital operation in theoretical and practical fields, the origin, definition,content and classification of capital operation with the characteristics of apparel industry were expounded; and by probing into the major methods of capital operation applied in apparel enterprises, restructuring, listing of a company,and Merge and Acquisition, the advices on the capital operation strategies to various types of apparel enterprises was obtained.展开更多
The globalization has experienced three rounds of pushing, or three editions of world system - respectively the globalization of production and trade, government- business mechanism and capital operation. The end of t...The globalization has experienced three rounds of pushing, or three editions of world system - respectively the globalization of production and trade, government- business mechanism and capital operation. The end of the Cold War and China＇s reforms led to the falling of walls between social systems and the globalization with the United States as its representative sample came to its peak. However, administrative systems and ideologies based on nation states have presented barriers to globalization and, obviously due to that, the US is coming to its decline. The new edition of world system calls for breakthrough and change in nation-state system and China is poised to lead the new round of globalization.展开更多
The primary objective of the cash flow statement is to provide useful, meaningful, and relevant information about the cash receipts and cash payments of a firm during a given period of time. Decision makers can achiev...The primary objective of the cash flow statement is to provide useful, meaningful, and relevant information about the cash receipts and cash payments of a firm during a given period of time. Decision makers can achieve extra features of the change in net assets, the firms＇ financial position （liquidity and solvency）, and the firm＇s ability to adapt to changing circumstances by affecting the amount and timing of cash flows. Cash flow statements improve comparability as they are not affected by differing accounting policies used for the same type of transactions or events. This study aims to verify the effect of net working capital （NWC）, as an indicator of a company＇s short-term liquidity or its ability to meet short-term obligations, on Jordanian industrial and energy sectors＇ net operating cash flows （NOCF）. A simple liner regression is used to test a period of 2008-2011 in order to conclude the extent of the effect on industrial and energy sectors. The study showed that there is a significant effect of the independent variable NWC on the dependent variable NOCF among industrial and energy sectors in Jordanian market. Whereas the adjusted R-squared of test is 0.854, changes in NOCF in Jordanian industrial and energy sectors have been described by NWC. Also, the study reached that the utilities and energy sector has the lowest NWC, while the mining and extraction sector has the highest. And, electrical industries sector has the lowest NOCF, while the mining and extraction sector has the highest. Moreover, the study showed that the printing and packaging sector has the lowest NWC, while the mining and extraction sector has the highest. And, glass and ceramic industries sector has the lowest NOCF, while the utilities and energy sector has the highest.展开更多
The paper develops a view on the history and future of working capital programs and focuses on the state of the art in four remarkable years： 1900, 1930, 1960, and 1990. In these years, an operations approach, an acc...The paper develops a view on the history and future of working capital programs and focuses on the state of the art in four remarkable years： 1900, 1930, 1960, and 1990. In these years, an operations approach, an accounting approach, an economic approach, and a capital market approach, respectively, were prevalent. The paper shows that all of the approaches have their merits for today＇s working capital management （WCM） programs and discusses useful working capital program indicators, taking into account the cash conversion cycle （CCC） and its delineation into accounts receivables （A/R）, inventory, and accounts payables （A/P） periods. This enables the author to take step ahead to the magic year 2020. Finally, the paper discusses briefly an academic development agenda.展开更多
文摘Based on the definition of the main body of capital operation in the apparel enterprises - modern apparel enterprise, and the view of the existing explanations of capital operation in theoretical and practical fields, the origin, definition,content and classification of capital operation with the characteristics of apparel industry were expounded; and by probing into the major methods of capital operation applied in apparel enterprises, restructuring, listing of a company,and Merge and Acquisition, the advices on the capital operation strategies to various types of apparel enterprises was obtained.
文摘The globalization has experienced three rounds of pushing, or three editions of world system - respectively the globalization of production and trade, government- business mechanism and capital operation. The end of the Cold War and China＇s reforms led to the falling of walls between social systems and the globalization with the United States as its representative sample came to its peak. However, administrative systems and ideologies based on nation states have presented barriers to globalization and, obviously due to that, the US is coming to its decline. The new edition of world system calls for breakthrough and change in nation-state system and China is poised to lead the new round of globalization.
文摘The primary objective of the cash flow statement is to provide useful, meaningful, and relevant information about the cash receipts and cash payments of a firm during a given period of time. Decision makers can achieve extra features of the change in net assets, the firms＇ financial position （liquidity and solvency）, and the firm＇s ability to adapt to changing circumstances by affecting the amount and timing of cash flows. Cash flow statements improve comparability as they are not affected by differing accounting policies used for the same type of transactions or events. This study aims to verify the effect of net working capital （NWC）, as an indicator of a company＇s short-term liquidity or its ability to meet short-term obligations, on Jordanian industrial and energy sectors＇ net operating cash flows （NOCF）. A simple liner regression is used to test a period of 2008-2011 in order to conclude the extent of the effect on industrial and energy sectors. The study showed that there is a significant effect of the independent variable NWC on the dependent variable NOCF among industrial and energy sectors in Jordanian market. Whereas the adjusted R-squared of test is 0.854, changes in NOCF in Jordanian industrial and energy sectors have been described by NWC. Also, the study reached that the utilities and energy sector has the lowest NWC, while the mining and extraction sector has the highest. And, electrical industries sector has the lowest NOCF, while the mining and extraction sector has the highest. Moreover, the study showed that the printing and packaging sector has the lowest NWC, while the mining and extraction sector has the highest. And, glass and ceramic industries sector has the lowest NOCF, while the utilities and energy sector has the highest.
文摘The paper develops a view on the history and future of working capital programs and focuses on the state of the art in four remarkable years： 1900, 1930, 1960, and 1990. In these years, an operations approach, an accounting approach, an economic approach, and a capital market approach, respectively, were prevalent. The paper shows that all of the approaches have their merits for today＇s working capital management （WCM） programs and discusses useful working capital program indicators, taking into account the cash conversion cycle （CCC） and its delineation into accounts receivables （A/R）, inventory, and accounts payables （A/P） periods. This enables the author to take step ahead to the magic year 2020. Finally, the paper discusses briefly an academic development agenda.
