2013 Awards for Excellence

Citation

(2014), "2013 Awards for Excellence", International Journal of Commerce and Management, Vol. 24 No. 1. https://doi.org/10.1108/IJCOMA-03-2014-001

2013 Awards for Excellence

Article Type: 2013 Awards for Excellence From: International Journal of Commerce and Management, Volume 24, Issue 1

The following article was selected for this year’s Outstanding Paper Award for International Journal of Commerce and Management

"The status of working capital and its relationship with sales: an empirical investigation of Andhra Pradesh Paper Mills Ltd (India)"

Aruna Panda
Department of Business Administration, Berhampur University, Orissa, India

Purpose – The purpose of this paper is to analyze the status of gross and net working capital and their association with sales of Andhra Pradesh Paper Mills Ltd, with reference to the Indian paper industry over a decade, from 1999 to 2008.
Design/methodology/approach – The research is mainly based on secondary financial data obtained from the Centre for Monitoring Indian Economy (CMIE). It focused on the size, character, and annual growth rates of gross and net working capital of the company. In addition, it analyzed the growth trends of gross and net working capital of the company in relation to sales. With the help of the Karl Pearson’s correlation model, the inter-relationship between sales and working capital has been identified. Then the strength and significance of such a relationship has been tested with the use of other statistical tools such as coefficient of determination and Student’s t-test.
Findings – The major findings of the research showed that while there was an increase in sales positively, strongly, and significantly associated with an increase in gross working capital for both the company and the industry, its association with net working capital was negative, poorly related, weak, and insignificant for the company under study.
Originality/value – There is a dearth of studies in the world literature that discuss the relationship that exists between sales and working capital in India’s paper industry, in general and Andhra Pradesh Paper Mills Ltd in particular, and therefore this research is expected to add significant value to exploring the said linkage.

Keywords: Andhra Pradesh Paper Mills Ltd, Gross working capital, India, Indian paper industry, Liquidity status, Net working capital, Paper industry, Sales, Working capital

http://www.emeraldinsight.com/10.1108/IJCOMA-03-2014-001

This article originally appeared in Volume 22 Number 1, 2012, pp. 36–52, International Journal of Commerce and Management

The following articles were selected for this year’s Highly Commended Award

"Deer Creek Land Development (DCLD): open business model approach to sustaining competitive advantage"

Kalinga Jagoda, Bharat Maheshwari and Gregory Gutowski

This article originally appeared in Volume 22, Number 2, 2012, International Journal of Commerce and Management

"Miller’s environmental uncertainty scale: an extension to the Arab world"

Said Elbanna and Jouhaina Gherib

This article originally appeared in Volume 22, Number 1, 2012, International Journal of Commerce and Management

Outstanding reviewers

Framarz Byramjee
Eberly College of Business and Information, Indiana University of Pennsylvania, Indiana, Pennsylvania, USA

Prescott C. Ensign
School of Business and Economics, Wilfrid Laurier University, Waterloo, Canada