Title :
Determinants of working capital management: Evidence from Malaysia
Author :
Zariyawati, M.A. ; Taufiq, H. ; Annuar, M.N. ; Sazali, A.
Author_Institution :
Dept. of Accounting & Finance, Univ. Putra Malaysia, Serdang, Malaysia
Abstract :
Working capital management is a part in firm´s financial decision. Inefficient in managing it consequently affect firm value. Managers should consider all factors that affect working capital management. Therefore, this study investigates the determinants of working capital management of listed firms in Malaysia for the period 2000-2006. Cash conversion cycle is used as comprehensive measure of working capital management. Results indicate that firm size, debt ratio, growth of the company, economic growth and inflation associates with firm´s working capital management.
Keywords :
financial management; inflation (monetary); organisational aspects; Malaysia; cash conversion cycle; company growth; debt ratio; economic growth; financial decision; firm size; inflation; working capital management; Conference management; Costs; Decision making; Economic indicators; Engineering management; Finance; Financial management; Investments; Length measurement; Macroeconomics; And Panel Analysis; Cash Conversion Cycle; Working Capital Management;
Conference_Titel :
Financial Theory and Engineering (ICFTE), 2010 International Conference on
Conference_Location :
Dubai
Print_ISBN :
978-1-4244-7757-9
Electronic_ISBN :
978-1-4244-7759-3
DOI :
10.1109/ICFTE.2010.5499399
