An Assessment on Determinant of Working Capital Management from Malaysian Public Listed Companies

Nor Edi Azhar Binti Mohamad () and Siti Balqis Elias
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Nor Edi Azhar Binti Mohamad: Universiti Tenaga Nasional
Siti Balqis Elias: Universiti Tenaga Nasional

International Journal of Academic Research in Accounting, Finance and Management Sciences, 2013, vol. 3, issue 4, 224-228

Abstract: This study investigates the practice of Working Capital Management (WCM) in Malaysian context, particularly in Malaysian public listed companies. Eventually, determining the important factors affecting working capital management would able managers to manage working capital efficiently and effectively. As for this purpose, a study of 150 public listed companies from 7 different sectors that were listed in Bursa Malaysia Main Market covering the period of 2002-2011 was undertaken. This study used cash conversion cycle (CCC) and working capital as a proxy for working capital requirement (WCR) while debt, capital expenditure, free cash flow, gross domestic product and firm growth are used as the determinant variables. In conclusions, applying correlations and Pooled Ordinary Least Square Regression analysis, the result shows that there are significant associations between working capital and its determinants factors.

Keywords: Cash conversion cycle; working capital requirement and capital expenditure (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:hur:ijaraf:v:3:y:2013:i:4:p:224-228

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