Working capital management performance of firms listed on Bursa Malaysia / Abu Thahir Abdul Nasser ... [et al.]

Abdul Nasser, Abu Thahir and Samat, Omar and Ibrahim, Zin and Abdul Wahid, Emelin and Amiruddin Othman, Ahmad Marzuki (2012) Working capital management performance of firms listed on Bursa Malaysia / Abu Thahir Abdul Nasser ... [et al.]. Social and Management Research Journal, 9 (1). pp. 73-100. ISSN 1675-7017

Abstract

This research paper investigated the working capital management (WCM) performance of 252 firms listed on Bursa Malaysia and identifed practices and policiesfor WCM to enhance efficiency in cash flow from operations. It also determined whether the size, profitability, inventory, and the current assets financing policy could enhance the WCM performance. The variables were 'Cash Conversion Efficiency' (CCE), afinancial performance measure, and 'Overall Working Capital Performance Ranking', a non-financial performance indicator. The findings revealed that the inventory, size, and profitability had significantly influenced the WCM performance. It was also identified that there was a mild positive relationship between the aggressive methodofworking capital financing and the CCE; and the ideal WCM practices and working capital (WC)financing policies to be adopted in firms to maximise the wealth ofthe shareholders.

Metadata

Item Type: Article
Creators:
CreatorsID Num. / Email
Abdul Nasser, Abu Thahirabuth695@johor.uitm.edu.my
Samat, OmarUNSPECIFIED
Ibrahim, ZinUNSPECIFIED
Abdul Wahid, EmelinUNSPECIFIED
Amiruddin Othman, Ahmad MarzukiUNSPECIFIED
Subjects: H Social Sciences > HG Finance > Financial management. Business finance. Corporation finance > Working capital
H Social Sciences > HG Finance > Investment, capital formation, speculation > Stock exchanges. Insider trading in securities > Malaysia
Divisions: Universiti Teknologi MARA, Shah Alam > Research Management Centre (RMC)
Journal or Publication Title: Social and Management Research Journal
Journal: UiTM Journal > Social and Management Research Journal
ISSN: 1675-7017
Volume: 9
Number: 1
Page Range: pp. 73-100
Item ID: 13100
Uncontrolled Keywords: Working capital, finance management, performance management, firms listed on the Bursa Malaysia, current assets financing policies, benchmarking, working capital practices
URI: http://ir.uitm.edu.my/id/eprint/13100

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