Working capital policies and firm performance

This study is conducted to examine the relationship between the working capital components (ACP, APP, ICP and CCC) and the working capital policies (AIP, CIP, AFP and CFP) with the firms’ performance (ROA, ROE and Tobin’s Q). This study takes place from 2008 until 2012 and was examined on six sector...

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Main Author:	Maizatul Ashikin, Abdul Karim
Format:	Thesis
Language:	eng eng
Published:	2014
Subjects:	HG Finance
Online Access:	https://etd.uum.edu.my/4078/1/s814245.pdf https://etd.uum.edu.my/4078/2/s814245_abstract.pdf
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id	my-uum-etd.4078
record_format	uketd_dc
institution	Universiti Utara Malaysia
collection	UUM ETD
language	eng eng
advisor	Md Rus, Rohani
topic	HG Finance
spellingShingle	HG Finance Maizatul Ashikin, Abdul Karim Working capital policies and firm performance
description	This study is conducted to examine the relationship between the working capital components (ACP, APP, ICP and CCC) and the working capital policies (AIP, CIP, AFP and CFP) with the firms’ performance (ROA, ROE and Tobin’s Q). This study takes place from 2008 until 2012 and was examined on six sectors listed in Bursa Malaysia which are the construction , consumer products, industrial products, plantations, properties and also trading and services. Ordinary least squares regression and fixed effect model have been used to estimate the relationship between variables. The results showed that different sector may give different results in determining the relationship between the working capital and the firms’ performance. Working capital components and firms’ performance is negatively related and it can be found in plantations, properties and trading and also services sectors. However, all the sectors showed that working capital policies will impact the firms’ performance except the plantations sector.
format	Thesis
qualification_name	masters
qualification_level	Master's degree
author	Maizatul Ashikin, Abdul Karim
author_facet	Maizatul Ashikin, Abdul Karim
author_sort	Maizatul Ashikin, Abdul Karim
title	Working capital policies and firm performance
title_short	Working capital policies and firm performance
title_full	Working capital policies and firm performance
title_fullStr	Working capital policies and firm performance
title_full_unstemmed	Working capital policies and firm performance
title_sort	working capital policies and firm performance
granting_institution	Universiti Utara Malaysia
granting_department	Othman Yeop Abdullah Graduate School of Business
publishDate	2014
url	https://etd.uum.edu.my/4078/1/s814245.pdf https://etd.uum.edu.my/4078/2/s814245_abstract.pdf
_version_	1747827676238839808
spelling	my-uum-etd.40782022-06-02T03:06:46Z Working capital policies and firm performance 2014 Maizatul Ashikin, Abdul Karim Md Rus, Rohani Othman Yeop Abdullah Graduate School of Business Othman Yeop Abdullah Graduate School of Business HG Finance This study is conducted to examine the relationship between the working capital components (ACP, APP, ICP and CCC) and the working capital policies (AIP, CIP, AFP and CFP) with the firms’ performance (ROA, ROE and Tobin’s Q). This study takes place from 2008 until 2012 and was examined on six sectors listed in Bursa Malaysia which are the construction , consumer products, industrial products, plantations, properties and also trading and services. Ordinary least squares regression and fixed effect model have been used to estimate the relationship between variables. The results showed that different sector may give different results in determining the relationship between the working capital and the firms’ performance. Working capital components and firms’ performance is negatively related and it can be found in plantations, properties and trading and also services sectors. However, all the sectors showed that working capital policies will impact the firms’ performance except the plantations sector. 2014 Thesis https://etd.uum.edu.my/4078/ https://etd.uum.edu.my/4078/1/s814245.pdf text eng public https://etd.uum.edu.my/4078/2/s814245_abstract.pdf text eng public masters masters Universiti Utara Malaysia Abuzayed, B. (2012). Working capital management and firms' performance in emerging markets: the case of Jordan. International Journal of Managerial Finance, 155-179. Afza, T., & Nazir, M. S. (2007). Is it better to be aggressive or conservative in managing working capital? Journal of Quality and Technology Management, 11-21. Afza, T., & Nazir, M. S. (2008). Working Capital Approaches and Firm's Returns. Pakistan Journal of Commerce and Social Sciences, 25-36. Akinlo, O. O. (2012). 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Working capital policies and firm performance

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