Literature Review of the Impact of Covid-19 Lockdown on the Working Captital Management and Profitability of Firms
Purpose: This study was carried out to analyse the impact of Covid-19 Lockdown towards working capital management and profitability of companies in Zimbabwe. The main complications faced were loss of market whilst operational costs remained on the same level. Enforcement of lockdown regulations such...
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| Format: | research article |
| Language: | English |
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Istanbul Business Academy
2023
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| Online Access: | https://cris.library.msu.ac.zw//handle/11408/5371 |
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| author | Victor Jones Wadesango Newman Sitsha Lovemore Wadesango Ongai |
| author2 | Midlands State University, Graduate student- Faculty of Commerce, Department of accounting |
| author_facet | Midlands State University, Graduate student- Faculty of Commerce, Department of accounting Victor Jones Wadesango Newman Sitsha Lovemore Wadesango Ongai |
| author_sort | Victor Jones |
| collection | DSpace |
| description | Purpose: This study was carried out to analyse the impact of Covid-19 Lockdown towards working capital management and profitability of companies in Zimbabwe. The main complications faced were loss of market whilst operational costs remained on the same level. Enforcement of lockdown regulations such as curfews and intercity
travel bans posed a threat in profit statuses of many firms. A challenge also faced was reduction of workforce to meet World Health Organisation requirements of social distancing and health safety protocols.
Methodology: Documentary research approach, which consists of reviewing, analysing, and examining information, recorded media and texts was adopted for the study. In terms of data collection, the authors sourced and reviewed literature on the topic. Among others, these sources included journal articles, books, magazines, and
newspapers.
Findings: The research found that effective working capital management techniques had to be applied to continue operations. It also emerged that sudden increase in debtors would result in cash shortages to fund other operations and pay the current liabilities.
Originality value: The research will bring light to assist financial managers on ways that they can effectively manage their working capital during lockdown periods and improve profitability by doing so. They need to understand good working capital management and its importance in reducing insolvency in the economy. |
| format | research article |
| id | ir-11408-5371 |
| institution | My University |
| language | English |
| publishDate | 2023 |
| publisher | Istanbul Business Academy |
| record_format | dspace |
| spelling | ir-11408-53712023-03-02T14:15:30Z Literature Review of the Impact of Covid-19 Lockdown on the Working Captital Management and Profitability of Firms Victor Jones Wadesango Newman Sitsha Lovemore Wadesango Ongai Midlands State University, Graduate student- Faculty of Commerce, Department of accounting University of Limpopo, Full Professor-Centre for Academic Excellence Midlands State University, Lecturer- Faculty of Commerce, Department of accounting University of Limpopo, Lecturer-Accounting Covid 19 Working capital Management Profitability Firms Purpose: This study was carried out to analyse the impact of Covid-19 Lockdown towards working capital management and profitability of companies in Zimbabwe. The main complications faced were loss of market whilst operational costs remained on the same level. Enforcement of lockdown regulations such as curfews and intercity travel bans posed a threat in profit statuses of many firms. A challenge also faced was reduction of workforce to meet World Health Organisation requirements of social distancing and health safety protocols. Methodology: Documentary research approach, which consists of reviewing, analysing, and examining information, recorded media and texts was adopted for the study. In terms of data collection, the authors sourced and reviewed literature on the topic. Among others, these sources included journal articles, books, magazines, and newspapers. Findings: The research found that effective working capital management techniques had to be applied to continue operations. It also emerged that sudden increase in debtors would result in cash shortages to fund other operations and pay the current liabilities. Originality value: The research will bring light to assist financial managers on ways that they can effectively manage their working capital during lockdown periods and improve profitability by doing so. They need to understand good working capital management and its importance in reducing insolvency in the economy. 8 3 64 85 2023-03-02T14:15:29Z 2023-03-02T14:15:29Z 2022-06-19 research article https://cris.library.msu.ac.zw//handle/11408/5371 10.32602/jafas.2022.018 en Journal Of Accounting, Finance And Auditing Studies 2149 – 0996 open Istanbul Business Academy |
| spellingShingle | Covid 19 Working capital Management Profitability Firms Victor Jones Wadesango Newman Sitsha Lovemore Wadesango Ongai Literature Review of the Impact of Covid-19 Lockdown on the Working Captital Management and Profitability of Firms |
| title | Literature Review of the Impact of Covid-19 Lockdown on the Working Captital Management and Profitability of Firms |
| title_full | Literature Review of the Impact of Covid-19 Lockdown on the Working Captital Management and Profitability of Firms |
| title_fullStr | Literature Review of the Impact of Covid-19 Lockdown on the Working Captital Management and Profitability of Firms |
| title_full_unstemmed | Literature Review of the Impact of Covid-19 Lockdown on the Working Captital Management and Profitability of Firms |
| title_short | Literature Review of the Impact of Covid-19 Lockdown on the Working Captital Management and Profitability of Firms |
| title_sort | literature review of the impact of covid-19 lockdown on the working captital management and profitability of firms |
| topic | Covid 19 Working capital Management Profitability Firms |
| url | https://cris.library.msu.ac.zw//handle/11408/5371 |
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