Multinational working capital management a study on Toyota Motor Corporation
Multinational working capital management a study on Toyota Motor Corporation
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DOI：
10.4018/ijabim.294100
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发表时间：
2021-01-27
影响因子：
2.9
通讯作者：
Bhattacheryay, Suranjan
中科院分区：
文献类型：
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作者：
Bhattacheryay, Suranjan
本研究旨在探讨三个因素对营运资本管理的影响：流动资产水平的确定、每类流动资产组成部分的投资水平、有竞争力的融资来源。本文除了考察跨国公司如何重新配置利润、现金流和资本以实现盈利能力最大化外，还进一步研究了跨国公司营运资本管理的有效性。在经济全球化、一体化的今天，跨国公司在优化资源配置的同时，通过收购无形资产实现业务国际化。跨国公司的所有这些活动都对继续在全球存在提出了挑战。尽管困难重重，但跨国公司除了并购外国企业外，还通过运用独特的商业模式创造和获取价值，在推动世界经济全球化中发挥着重要作用。这项研究是描述性的，并基于二手数据，来源于丰田汽车公司的年度报告。统计技术，如相关系数，相关矩阵和最小二乘法，用于分析和过去六年的表现进行了批判性分析，以证明研究问题。本文的信息是，现在有一个精心设计的全球资金转移政策，经济友好的税收制度和适度的法规，以减轻跨国公司的挑战。
The purpose of the study is to explore the influence of three factors on working capital management-fixation of current assets level-level of investment for each type of current asset components-sourcing of finance at competitive rate. A further study is made on MNCs effectiveness in managing working capital besides to weigh how they re-position profits, cash flows and capital within to maximize profitability. Present globalised and integrated economy, facilitate MNCs to internationalise business by acquiring intangible assets besides optimising resources. MNCs all these activities invite challenges in continuing global presence. In-spite of all odds, MNCs generate, capture value by applying unique business models besides combining with or buying foreign business and play a major force in driving globalisation of world economy. The study is descriptive and based on secondary data, sourced from the annual reports of Toyota Motor Corporation. Statistical techniques like coefficient of correlation, correlation matrix and least squares method, are used for analysis and past six years performances are critically analyzed to justify research questions. The message of the paper is to have now a well-designed global fund transfer policy, economy friendly tax regime and modest regulations in lessening MNCs challenges.