An Assessment on Determinant of Working Capital Management from Malaysian Public Listed Companies
This study investigates the practice of Working Capital Management (WCM) in Malaysian context, particularly in Malaysian public listed companies. Eventually, determining the important factors affecting working capital management would able managers to manage working capital efficiently and effectively. As for this purpose, a study of 150 public listed companies from 7 different sectors that were listed in Bursa Malaysia Main Market covering the period of 2002-2011 was undertaken. This study used cash conversion cycle (CCC) and working capital as a proxy for working capital requirement (WCR) while debt, capital expenditure, free cash flow, gross domestic product and firm growth are used as the determinant variables. In conclusions, applying correlations and Pooled Ordinary Least Square Regression analysis, the result shows that there are significant associations between working capital and its determinants factors.
Volume (Year): 3 (2013)
Issue (Month): 4 (October)
|Contact details of provider:|| Web page: http://hrmars.com/index.php/pages/detail/Accounting-Finance-Journal|
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Myers, Stewart C. & Majluf, Nicolás S., 1945-, 1984. "Corporate financing and investment decisions when firms have information that investors do not have," Working papers 1523-84., Massachusetts Institute of Technology (MIT), Sloan School of Management.
- Matthew D. Hill & G. Wayne Kelly & Michael J. Highfield, 2010. "Net Operating Working Capital Behavior: A First Look," Financial Management, Financial Management Association International, vol. 39(2), pages 783-805, 06.
When requesting a correction, please mention this item's handle: RePEc:hur:ijaraf:v:3:y:2013:i:4:p:224-228. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Hassan Danial Aslam)
If references are entirely missing, you can add them using this form.