Nazakat Ali
Current Organizations / Institutes
The organizations/institutes from the scholar's latest article
Research Subjects
Nazakat Ali has a total of 4 co-authors. Here are the top co-authors by number of shared publications:
- Dongping Han
School of Management, Harbin Institute of Technology, Harbin, People’s Republic of China
1 shared publication - Faisal Mahmood
College of Business Administration, Al-Hamd Islamic University, Quetta 87300, Pakistan
1 shared publication - Riaqa Mubeen
School of Management, Harbin Institute of Technology, Harbin 150001, China
1 shared publication - Umeair Shahzad
School of Accounting, Shanghai Lixin University of Accounting and Finance, PR China
1 shared publication
Latest Publications
- Open Access
- 5 April 2019
- Published by MDPI AG in Sustainability
- Vol. 11 (7) , 2029
Moderating Effects of Firm Size and Leverage on the Working Capital Finance–Profitability Relationship: Evidence from China
We evaluated the moderating effects of firm size and leverage on the working capital finance (WCF)–profitability relationship among Chinese companies during 2000–2017. Applying the generalized method of moments (GMM) technique on panel data, we observed that firm size and leverage have strong moderating roles in the WCF–profitability relationship. We observed that small or low-leverage firms have an inverted U-shaped WCF–profitability relationship. However, this relationship is U-shaped for large or high-leverage firms. We report break-even points in these relationships that show the portion of short-term debt in working capital financing. The results reveal that the break-even point for all subgroups (small, large, low-leverage, and high-leverage firms) decreases compared to the break-even point of the full sample. This study shows how the break-even point of the WCF–profitability relationship shifts when a company expands or its leverage level changes. Managers can use this information for profit maximization.
- 5 April 2019
- Published by MDPI AG in Sustainability
- Vol. 11 (7) , 2029
Open AccessModerating Effects of Firm Size and Leverage on the Working Capital Finance–Profitability Relationship: Evidence from China
We evaluated the moderating effects of firm size and leverage on the working capital finance (WCF)–profitability relationship among Chinese companies during 2000–2017. Applying the generalized method of moments (GMM) technique on panel data, we observed that firm size and leverage have strong moderating roles in the WCF–profitability relationship. We observed that small or low-leverage firms have an inverted U-shaped WCF–profitability relationship. However, this relationship is U-shaped for large or high-leverage firms. We report break-even points in these relationships that show the portion of short-term debt in working capital financing. The results reveal that the break-even point for all subgroups (small, large, low-leverage, and high-leverage firms) decreases compared to the break-even point of the full sample. This study shows how the break-even point of the WCF–profitability relationship shifts when a company expands or its leverage level changes. Managers can use this information for profit maximization.