ugc approved journal list IJRTI Research Journal
International Journal for Research Trends and Innovation
An International Open Access Journal
Impact Factor: 4.87

Call For Paper

Issue: March 2019

Volume 4 | Issue 3

Impact Factor: 4.87

Submit Paper Online

Click Here For more Details

For Authors

Forms / Download

Editorial Board

Subscribe IJRTI

Facts & Figure

Impact Factor : 4.87

Issue per Year : 12

Volume Published : 4

Issue Published : 34

Article Submitted : 1413

Article Published : 843

Total Authors : 2251

Total Reviewer : 521

Total Pages : 70

Total Countries : 13

Visitor Counter

Indexing Partner

Published Paper Details
Paper Title: Interaction with Liquidity and Working Capital Management Efficiency: A study on Indian Pharmaceutical Firms
Authors Name: Alak Kumar Das , Dr. Tarun Mandal , Netajee Prasad Kuiry
Unique Id: IJRTI1807020
Published In: Volume 3 Issue 7, July-2018
Abstract: Liquidity measures the power of paying short term liability of the firm. The volume of liquidity has great impact on the profitability. High volume of liquid fund increased its cost of maintenance on the other hand its low volume creates a problem for running and maintaining day to day activities. The decision maker faces a problem of determining the actual volume of liquid fund. They have to consider the different factors that effect on liquidity. Cash conversion cycle (CCC) is one of these factors. This study has considered the current ratio and quick ratio as the proxies to measure the liquidity of the sample companies. The main objectives of this study are to measure the association between quick ratio and CCC as well as current ratio and CCC. This study also tries to find out the impact of working capital management efficiency on liquidity position of the sample companies. The study, as a sample, has selected the 17 pharmaceutical firms under S & P BSE 500 indexed companies listed on Bombay Stock Exchange, India. The result reveals that there exists statistically insignificant positive correlation between CR and CCC as well as QR and CCC. The regression result also reveals that DCP is positively related with CR and QR at a 1 percent significant level. CPP is inversely related with CR and QR at a 1 percent significant level. CCC has positive effect on liquidity at a 1 percent significant level. In all situations CFO is significantly and positively related where as D/E is negatively and significantly related with liquidity.
Keywords: Management of Liquidity, Cash Conversion Cycle, Factors of Liquidity Management, Efficiency of Working Capital Management
Cite Article: "Interaction with Liquidity and Working Capital Management Efficiency: A study on Indian Pharmaceutical Firms", International Journal of Science & Engineering Development Research (, ISSN:2455-2631, Vol.3, Issue 7, page no.123 - 131, July-2018, Available :
Downloads: 000778
Publication Details: Published Paper ID: IJRTI1807020
Registration ID:180349
Published In: Volume 3 Issue 7, July-2018
DOI (Digital Object Identifier):
ISSN Number: 2456 - 3315
Share Article:

Click Here to Download This Article

Article Preview

Major Indexing from
Google Scholar ResearcherID Thomson Reuters Mendeley : reference manager : cornell university library Research Gate CiteSeerX DOAJ : Directory of Open Access Journals
DRJI Index Copernicus International Scribd DocStoc

ISSN Details

DOI (A digital object identifier)

Providing A digital object identifier by DOI
How to GET DOI and Hard Copy Related


Conference Proposal

Latest News / Updates

Open Access License Policy

This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License

Creative Commons License This material is Open Knowledge This material is Open Data This material is Open Content

Important Details

Social Media

Untitled Document