Working capital management effect on the performance of plantation firms in Malaysia / Erni Slavia Sa'aom

Working capital management refers to management of the current assets and current liabilities. Prior evidence in previous research has determined the relationship between working capital management and performance. Thus, this study objective is to investigate the effect of working capital management on the performance of plantation firms in Malaysia by selected three listed plantation companies in Bursa Saham Malaysia which are IJM Plantations Berhad, Genting Plantations Berhad and 101 Corporation Berhad. The performance was measured in terms of profitability by Return on Assets (ROA) as dependent variables. The working capital was determined by the Cash Conversion Cycle (CCC), Current Assets to Total Assets Ratio (CATAR), Current liabilities to Total Assets Ratio (CLTAR), Debt to Total Assets Ratio (DTAR), Current Ratio (CR). Data are collected from annual data and the period interval from 2000 to 2015 (16 years).