| dc.description.abstract | This paper uses a panel data analysis of 47 Construction and FMCG companies listed on the Ho Chi Minh Stock Exchange (HOSE) from 2009 to 2019. Pooled OLS methods, the model of random effects (REM) and Generalized Least Squares (GLS) are used to test the relationship between working capital management and profitability of Construction and FMCG Industry in Vietnam. In this study, BEP represents the profitablity of 47 companies. ARP, ICP, APP and CCC are chosen to be independent varibles, control variables comprises SIZE, DR and SG. The results show that all of four independent variables is significantly related to BEP and conclude that effective working capital management by shortening ARP, ICP, APP and CCC will increase profitability for businesses. Moreover, By using T-test, the research also found the significant difference between WCM determinants through 2 comparative industries. Last but not least, the study found the significant impact of WCM on Profitability with the existence of Industry dummy though the interaction regressions. | en_US |
