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  • 标题:The Relationship Between Working Capital Management And Firms Profitability: An Empirical Investigation For An Emerging Asian Country
  • 本地全文:下载
  • 作者:Melita Charitou ; Petros Lois ; Halim Budi Santoso
  • 期刊名称:International Business & Economics Research Journal
  • 印刷版ISSN:1535-0754
  • 电子版ISSN:2157-9393
  • 出版年度:2012
  • 卷号:11
  • 期号:8
  • 页码:839-848
  • 语种:English
  • 出版社:The Clute Institute for Academic Research
  • 摘要:The major objective of this study is to examine the relationship between working capital management and firms profitability. Using a dataset of all Indonesian firms over the period 1998-2010, results show that the Cash Conversion Cycle and Net Trade Cycle are positively associated with the firms profitability. Results also show that firms riskiness, as measured by the debt ratio, is negatively related to the firms Return on Assets. The results of this study should be of interest to executives and major stakeholders, such as investors, creditors, and financial analysts, especially after the recent global financial crisis and the latest collapses of giant organizations worldwide.
  • 关键词:Capital Markets;Working Capital Management;Empirical Investigation;Asia
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