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/ http://psasir.upm.edu.my/id/eprint/53261/1/123.pdf

id	upm-53261
recordtype	eprints
spelling	upm-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
repository_type	Digital Repository
institution_category	Local University
institution	Universiti Putra Malaysia
building	UPM Institutional Repository
collection	Online Access
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/ http://psasir.upm.edu.my/id/eprint/53261/1/123.pdf
first_indexed	2018-09-07T18:20:51Z
last_indexed	2018-09-07T18:20:51Z
_version_	1610973919783682048

Working capital management determinants of small and large firms in Malaysia

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