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Cited by 54Working Capital and Financial PerformanceSupply Chain and Inventory ManagementFinancial Analysis and Corporate Governance

The DOI matches its Crossref record.

Working Capital Management and Profitability: Evidence from Manufacturing Sector in Malaysia

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S, Jakpar, M, Tinggi, TK, Siang, A, Johari, KT, Myint, MS, Sadique·2017·Journal of Business & Financial Affairs
DOI 10.4172/2167-0234.1000255
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Abstract

The purpose of this study is to examine the effect of working capital management on firm’s profitability. The study is based on a sample of 164 manufacturing firms listed on the Main Board of Bursa Malaysia, covering a span of five years from 2007 to 2011. A discriminatory panel regression and Pearson correlation are used to test the hypotheses. The empirical evidence found that there is existence of significant positive relationship between exogenous variables, the average collection period, inventory conversion period and firm’s size and its endogenous variable, which is firm’s profitability. The findings also show a significant inverse relationship between debt ratio (leverage) and firm’s profitability, but the firm’s capability to translate working capital into cash promptly, as proxy in log cash conversion cycle has no impact on firm’s profitability.

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Crossref · 10.4172/2167-0234.1000255

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Metadata

Authors
S, J., M, T., TK, S., A, J., KT, M., & MS, S.
Venue
Journal of Business & Financial Affairs
Publisher
OMICS Publishing Group
Published
2017
Volume
06
Issue
02
ISSN
2167-0234 (ISSN-L)
DOI
10.4172/2167-0234.1000255
OpenAlex
W2611163406
Cited by
54
References
0
Citations by year
2025: 2 · 2024: 6 · 2023: 15 · 2022: 6 · 2021: 10 · 2020: 6 · 2019: 8 · 2018: 1
FWCI
13.29
Type
journal article
Language
en
Open access
Licence
cc-by
Locations
  • Journal of Business & Financial Affairs (publishedVersion, cc-by)
  • eSpace (Curtin University) (submittedVersion)
Topics
  • Social Sciences › Business, Management and Accounting › Accounting › Working Capital and Financial Performance
  • Social Sciences › Decision Sciences › Management Science and Operations Research › Supply Chain and Inventory Management
  • Social Sciences › Business, Management and Accounting › Accounting › Financial Analysis and Corporate Governance
Keywords
working capital management, firm profitability, manufacturing companies, average collection period, inventory conversion period, firm size, debt ratio, leverage, cash conversion cycle, Malaysian manufacturing

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