Skuteczność zarządzania kapitałem obrotowym oraz rentowność firm budowlanych ZEA : wielkość i efekty kryzysowe

This paper aims to examine the relationship between the efficiency of working capital management and profitability of construction firms listed in the United Arab Emirates stock markets. The results show a negative and significant relationship between net trade cycle for all construction firms and large construction firms. The coefficient of small firms is positive and insignificant, this indicates that small construction firms do not manage their working capital efficiently. The results also show a negative and significant relationship between the net trade cycle and profitability of construction firms during crisis periods. This indicates that UAE construction companies are more efficient in managing their working capital during the crisis periods.Niniejszy artykuł ma na celu zbadanie zależności między efektywnością zarządzania kapitałem obrotowym a rentownością firm budowlanych notowanych na giełdach w Zjednoczonych Emiratach Arabskich. Wyniki pokazują ujemną i istotną zależność między cyklem handlowym netto dla wszystkich firm budowlanych i dużych firm budowlanych. Współczynnik małych firm jest dodatni i nieistotny, co wskazuje, że małe firmy budowlane niesprawnie zarządzają kapitałem obrotowym. Wyniki pokazują również ujemną i istotną zależność między cyklem handlowym netto a rentownością firm budowlanych w okresach kryzysowych. Wskazuje to, że firmy budowlane ZEA są bardziej skuteczne w zarządzaniu kapitałem obrotowym w okresach kryzysowych

A bibliometric analysis on working capital management: Current status, development, and future directions

This paper aims to evaluate existingresearch studies on working capital management. The bibliometric method, a quantitative analytical approach, was used to analyzedpublished studies from the year 1954 to 2020. VOSviewer and Nvivo mapping software tools were used for analyzing the retrieved qualitative and quantitative data. There were five main clusters of themes identifiedin this bibliometric analysis paper which helped in visualizing research trends of working capital management. An analysis of 1124 research papers depicted that research in this domain has significantly increased over the last fifteen years. Data wereanalyzed based on journals, authors, year of publications, countries, and research streams. Extracted results further indicated that the United States has taken a lead in publications in this field, followed by China and India. This study has helped in revealing the latest trends in Working Capital Management research (WCM). Results have further indicated that there have been recent research advancements in this topic and gaps in studies have paved ways for future research. This review paper will provide further guidance to finance professionals, researchers as well as policymakers on the WCM topic

Taking a leadership effectiveness perspective in construction projects

Background: Leadership effectiveness is desired by the participants of this study who are the leaders of a construction project in Nigeria. They are mandated to work in an entire process – [1] from conception to selling of residential houses. This has been a challenge to the organisation that comes from multiple challenges normally found in developing countries. Objective: A learning objective is sought for technical professionals that rely on single answer decision making to a multi-perspective solution consideration. At the centre of this perspective is taking a collaborative approach with the aim of creating value and effective decision making. Methods: The action research methodology was used where a group of concerned professionals as participants come together to work on organisational challenges. An appreciative inquiry undertone is used to provide positive energy to the participants that has a social constructionist approach to decision making. Results: The collaborative approach to leadership in addition to the value creation and effective decision making led to further cycles of improvement. In-depth analyses of these processes led to findings that these leaders must also take an integrative, questioning and development and learning approach to leadership effectiveness. Conclusion: Organisational change takes time to develop and seen on this research. For instance, the time take to understand that an integrative approach, again there must be a kind of questioning to be learned that involves revealing ones closely held assumptions and lastly leadership as a process requires continuous development and is to be seen as a journey rather than be seen as a finishing line

Performance Evaluation Using The Analytic Hierarchy Process

This paper aims to explore several issues related to the financial performance of the listed companies in the UAE financial market. Agency theory and legitimacy theory were studied in which four criteria were extracted (corporate governance, corporate social responsibility, sustainability, and leadership).These criteria were then analyzed using the analytic hierarchy process (AHP) powerful mechanisms using information collected by a developed questionnaire that compares and sets priority between each element in the designed AHP model.The finding of our study shows the importance of corporate governance in improving the overall financial performance of the listed companies in the UAE. With the least emphasis on the outcome based leadership.This paper makes several important contributions to literature. First, it is an answer to the most recent calls from experts in the MENA region regarding the new trends faced in the financial market. Second, the present paper provides an examination of the performance of the big listed companies in the UAE Financial Market to reach a possible alternative that will lower the level of fluctuation in the stock exchange, which is considered among the first initiatives in the field. Third, this paper will provide a new insight to authority, as it will identify some gaps in the corporate practices and compliance in relation with different financial auditing, which will help not only in mitigating risks but also in improving the listed companies performance over the long run. Finally, the entire framework is new and has not been identified in previous literature

Ethical compliance to the anti-financial crime regulations

Purpose: This paper aims to explore several issues related to financial market that come under the umbrella of financial ethics in association with the influence of Corporate Governance (CG), Corporate Social Responsibility (CSR) and sustainability disclosures on organizational performance. Design/Methodology/Approach: A survey was developed to collect the required information on specific ethical related practices that include corporate governance, CSR and Sustainability in the UAE stock market listed corporations. Findings: The findings of our study show significant impact of corporate governance and CSR on organizational performance. On the other hand, sustainability has neutral effect on performance. The findings of our study will contribute in preparing a guide for regulators to properly govern the listed corporation, limit the volatility of share prices and enhancing the stability of financial markets by developing a valid model in which the policy implications are fully covered through ethical practice. Research limitations: This study is limited, as the sample represented does not cover all the required listed corporations. Further analysis should be conducted to better understand the factors that affect the UAE stock market and build upon it a better working model. Practical implications: This study may be useful to academics, governments and authority seeking to improve the state of the financial market through better legislation and law enforcement. Also, this study is useful to capture the other factors related to compliance and may be useful for FATF (Financial Action Task Force) as it can be used to re-evaluate its’ recommendations related to the use of stock markets to launder money and to inject more ethical practices related to compliance instead of targeting technical compliance alone. Originality/value: This paper is an attempt to fully examine the corporate practices that govern the UAE listed corporations in an ethical point of view

A Disclosure Index To Measure The Extent Of Anti-Fraud Reporting In Banks

Purpose of the study: This paper aims to develop an Anti-Fraud Disclosure Index (AFDI) for the banking sector. Methodology: In this paper, we have conducted a comprehensive review of fraud prevention and control for banks. We have reviewed financial reporting standards, anti-fraud regulations, and guidelines around the world. We have also included anti-fraud inputs from related journal articles, professional institutes, and auditing firms. Main Findings: The Anti-Fraud Disclosure Index (AFDI) includes 15 categories and 180 developed items to measure the extent of the commitment of the banking sector in fighting several types of fraud. Applications of this study: The anti-fraud disclosure index will serve as an evaluation tool to measure the level of commitment of banks in terms of disclosing their approaches and instruments to prevent fraud. It is also expected to inculcate anti-fraud culture among the banking sector to promote accountability and fraud-fighting. Furthermore, it will assist in providing a comprehensive measurement to evaluate the banking sector's performance in fraud combat. Novelty/Originality of this study: This paper is the first study to develop a comprehensive fraud disclosure index, contributing to prevent and reduce fraud to a reasonable level