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Working capital management determinants of small and large firms in Malaysia

Recently, the importance of working capital management has been the subject of intense focus. Firms require efficient working capital management to ensure that their operations remain continuously profitable, which further increases shareholder wealth. The aim of this paper is to provide evidence re...

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Main Authors: Mohd Ashhari, Zariyawati, Md Nasir, Annuar, N., Pui-San
Format: Article
Language:English
Published: Faculty of Economics and Management, Universiti Putra Malaysia 2016
Online Access:http://psasir.upm.edu.my/id/eprint/53261/1/123.pdf
http://psasir.upm.edu.my/id/eprint/53261/
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spelling my.upm.eprints.532612017-07-31T04:21:08Z http://psasir.upm.edu.my/id/eprint/53261/ Working capital management determinants of small and large firms in Malaysia Mohd Ashhari, Zariyawati Md Nasir, Annuar N., Pui-San Recently, the importance of working capital management has been the subject of intense focus. Firms require efficient working capital management to ensure that their operations remain continuously profitable, which further increases shareholder wealth. The aim of this paper is to provide evidence regarding the determinants of working capital management among small and large firms listed on the Bursa Malaysia stock exchange. Secondary data from 2009-2013 was analyzed using Stata12 software. Results of random effects model demonstrate that firm leverage, firm performance, capital expenditure, operating cash flow, executive compensation and economic conditions are the most significant factors that affect working capital management. In addition, we found that managers of small and large firms make decisions differently in managing working capital. Faculty of Economics and Management, Universiti Putra Malaysia 2016-12 Article PeerReviewed application/pdf en http://psasir.upm.edu.my/id/eprint/53261/1/123.pdf Mohd Ashhari, Zariyawati and Md Nasir, Annuar and N., Pui-San (2016) Working capital management determinants of small and large firms in Malaysia. International Journal of Economics and Management, 10 (2). pp. 365-377. ISSN 1823-836X
institution Universiti Putra Malaysia
building UPM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Putra Malaysia
content_source UPM Institutional Repository
url_provider http://psasir.upm.edu.my/
language English
description Recently, the importance of working capital management has been the subject of intense focus. Firms require efficient working capital management to ensure that their operations remain continuously profitable, which further increases shareholder wealth. The aim of this paper is to provide evidence regarding the determinants of working capital management among small and large firms listed on the Bursa Malaysia stock exchange. Secondary data from 2009-2013 was analyzed using Stata12 software. Results of random effects model demonstrate that firm leverage, firm performance, capital expenditure, operating cash flow, executive compensation and economic conditions are the most significant factors that affect working capital management. In addition, we found that managers of small and large firms make decisions differently in managing working capital.
format Article
author Mohd Ashhari, Zariyawati
Md Nasir, Annuar
N., Pui-San
spellingShingle Mohd Ashhari, Zariyawati
Md Nasir, Annuar
N., Pui-San
Working capital management determinants of small and large firms in Malaysia
author_facet Mohd Ashhari, Zariyawati
Md Nasir, Annuar
N., Pui-San
author_sort Mohd Ashhari, Zariyawati
title Working capital management determinants of small and large firms in Malaysia
title_short Working capital management determinants of small and large firms in Malaysia
title_full Working capital management determinants of small and large firms in Malaysia
title_fullStr Working capital management determinants of small and large firms in Malaysia
title_full_unstemmed Working capital management determinants of small and large firms in Malaysia
title_sort working capital management determinants of small and large firms in malaysia
publisher Faculty of Economics and Management, Universiti Putra Malaysia
publishDate 2016
url http://psasir.upm.edu.my/id/eprint/53261/1/123.pdf
http://psasir.upm.edu.my/id/eprint/53261/
_version_ 1643835354649722880
score 13.211869

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