The impact of working capital management, debt and size on SMEs' performance: evidence from Malaysia

The aim of this study is to provide empirical evidence on the impact of working capital management, debt and size on SMEs' performance in Malaysia focusing on the manufacturing sector. A panel data sample of 105 firms for the study was obtained from the Companies' Commission of Malaysia (C...

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Main Author:	Ali, Isyaku
Format:	Thesis
Language:	eng eng
Published:	2016
Subjects:	HG Finance
Online Access:	https://etd.uum.edu.my/6091/1/s817799_01.pdf https://etd.uum.edu.my/6091/2/s817799_02.pdf
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id	my-uum-etd.6091
record_format	uketd_dc
institution	Universiti Utara Malaysia
collection	UUM ETD
language	eng eng
advisor	Abdul Rahman, Nora Azureen
topic	HG Finance
spellingShingle	HG Finance Ali, Isyaku The impact of working capital management, debt and size on SMEs' performance: evidence from Malaysia
description	The aim of this study is to provide empirical evidence on the impact of working capital management, debt and size on SMEs' performance in Malaysia focusing on the manufacturing sector. A panel data sample of 105 firms for the study was obtained from the Companies' Commission of Malaysia (CCM) for the period from 1996 to 2015. The Generalized Least Square (GLS) was used for testing the hypotheses of the study. The regression results show that accounts receivable period, inventory holding period, debt and size are significantly related to performance, whereas accounts payable period and cash conversion cycle are insignificantly related to performance. The results also showed accounts receivable period, accounts payable period and debt to have negative relationship with performance. But the remaining independent variables have positive relationship with performance. Furthermore, the findings have important implication for financial managers and policy-makers who regulate and propose mechanisms for SMEs development.
format	Thesis
qualification_name	masters
qualification_level	Master's degree
author	Ali, Isyaku
author_facet	Ali, Isyaku
author_sort	Ali, Isyaku
title	The impact of working capital management, debt and size on SMEs' performance: evidence from Malaysia
title_short	The impact of working capital management, debt and size on SMEs' performance: evidence from Malaysia
title_full	The impact of working capital management, debt and size on SMEs' performance: evidence from Malaysia
title_fullStr	The impact of working capital management, debt and size on SMEs' performance: evidence from Malaysia
title_full_unstemmed	The impact of working capital management, debt and size on SMEs' performance: evidence from Malaysia
title_sort	impact of working capital management, debt and size on smes' performance: evidence from malaysia
granting_institution	Universiti Utara Malaysia
granting_department	Othman Yeop Abdullah Graduate School of Business
publishDate	2016
url	https://etd.uum.edu.my/6091/1/s817799_01.pdf https://etd.uum.edu.my/6091/2/s817799_02.pdf
_version_	1747828019714588672
spelling	my-uum-etd.60912021-04-05T01:52:21Z The impact of working capital management, debt and size on SMEs' performance: evidence from Malaysia 2016 Ali, Isyaku Abdul Rahman, Nora Azureen Othman Yeop Abdullah Graduate School of Business Othman Yeop Abdullah Graduate School of Business HG Finance The aim of this study is to provide empirical evidence on the impact of working capital management, debt and size on SMEs' performance in Malaysia focusing on the manufacturing sector. A panel data sample of 105 firms for the study was obtained from the Companies' Commission of Malaysia (CCM) for the period from 1996 to 2015. The Generalized Least Square (GLS) was used for testing the hypotheses of the study. The regression results show that accounts receivable period, inventory holding period, debt and size are significantly related to performance, whereas accounts payable period and cash conversion cycle are insignificantly related to performance. The results also showed accounts receivable period, accounts payable period and debt to have negative relationship with performance. But the remaining independent variables have positive relationship with performance. Furthermore, the findings have important implication for financial managers and policy-makers who regulate and propose mechanisms for SMEs development. 2016 Thesis https://etd.uum.edu.my/6091/ https://etd.uum.edu.my/6091/1/s817799_01.pdf text eng public https://etd.uum.edu.my/6091/2/s817799_02.pdf text eng public masters masters Universiti Utara Malaysia Abbadi, S. M., & Abbadi, R. T. (2013). The determinants of working capital requirements in Palestinian industrial corporations. International Journal of Economics and Finance, 5(1), 65. Afeef, M. (2011). Analyzing the Impact of Working Capital Management on the Profitability of SME's in Pakistan. International Journal of Business and Social Science, 2(22). Afrifa, G. A. (2015). 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The impact of working capital management, debt and size on SMEs' performance: evidence from Malaysia

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