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Rörelsekapitalhantering för svenska små och medelstora företag
Mid Sweden University, Faculty of Human Sciences, Department of Business, Economics and Law.
Mid Sweden University, Faculty of Human Sciences, Department of Business, Economics and Law.
2018 (Swedish)Independent thesis Basic level (degree of Bachelor), 10 credits / 15 HE creditsStudent thesis
Abstract [sv]

Rörelsekapitalhantering (WCM) är en viktig del i små och medelstora företags (SMF) i syfte att generera nytt kapital samt effektivisera verksamheten. Företagen i Sverige består till större delen av SMF vilket gör det viktigt att undersöka hur företagen hanterar sitt kapital. Syftet för studien var att studera WCM i form av CCC och WCR med företagsspecifika, branschspecifikaoch makrospecifika faktorer. Detta testades i en OLS-modell med studiens beroende variabler CCC och WCR mot de oberoende variablerna lönsamhet, tillväxtmöjligheter, storlek, kassaflöde och branschtillhörighet. Studien undersökte även hur en finanskris påverkar rörelsekapitalet i form av ett t2-test. Denna studie innefattade 4240 företag under perioden 2008 till 2015 där 2008 till 2009 beskrivs som krisperiod. Resultatet för studien visar ett positivt signifikant samband mellan CCC och kassaflöde samt ett negativt signifikant samband medlönsamhet, storlek och branschtillhörighet. Vidare påvisar studien ett positivt signifikant samband mellan WCR och lönsamhet samt storlek medans tillväxtmöjligheter, kassaflöde och branschtillhörighet har negativt signifikant samband med WCR. Företagen har en längre CCC samt en högre WCR under krisperioder.

Abstract [en]

Working capital management (WCM) is an important part of small and medium-sized enterprises (SMEs) in order to generate new capital and streamline operations. The companies that consist in Sweden is to the majority SMEs, which makes it important to investigate how companies handle their capital. The purpose of the study was to analyse WCM thru CCC and WCR with company-specific, industry-specific and macro-specific factors. This was tested in an OLS model with this studies dependent variables CCC and WCR against the independent variables profitability, growth opportunities, size, cash flow and industry affiliation. The study also examined how a financial crisis affects working capital with a t2 test. This study included 4240 companies in the period 2008 to 2015, where 2008 to 2009 is described as a crisis period. The result for the study shows a positive significant correlation between CCC and cash flow, as well as a negatively significant correlation with profitability, size and industry affiliation. Furthermore, the study shows a positive significant correlation between WCR and profitability, and the size of the growth potential, cash flow and industry affiliationare negatively significant in relation to the WCR. The companies have a longer CCC and a higher WCR during crisis periods.

Place, publisher, year, edition, pages
2018. , p. 39
Keywords [en]
Cash flow, CCC, company-specific, growth opportunities, industry affiliation, industry-specific, macro-specific, OLS, size, SME, WCM, WCR, working capitalförord
Keywords [sv]
Kassaflöde, CCC, företagsspecifik, tillväxtmöjligheter, branschanslutning, branschspecifik, makrospecifik, OLS, storlek, SME, WCM, WCR, rörelsekapital
National Category
Business Administration
Identifiers
URN: urn:nbn:se:miun:diva-33936OAI: oai:DiVA.org:miun-33936DiVA, id: diva2:1224106
Subject / course
Business Administration FE1
Educational program
BSc Programme in Business and Economics SEKOG 180 higher education credits
Supervisors
Examiners
Available from: 2018-06-26 Created: 2018-06-26 Last updated: 2018-06-26Bibliographically approved

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CiteExportLink to record
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  • apa
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