Publikacja:

Working Capital Management Policy: Female Top Managers and Firm Profitabilit

Data

2019
Artykuł
Przeszukaj czasopismo Uproszczony widok Pełne metadane Statystyki
 
cris.legacyid5537
cris.virtual.journalance#PLACEHOLDER_PARENT_METADATA_VALUE#
cris.virtualsource.journalancedc92c553-0411-4522-97d5-b7ef33169392
dc.abstract.plPurpose: This study aims to investigate female top managers’ choice of working capital management policies and its effect on firm profitability. The theoretical arguments about the effects of working capital management policies on firm profitability and empirical evidence are often inconsistent. Additionally, it is likely that the policy choice is closely related to the gender of top managers. Methodology: Our research sample was all 136 manufacturing firms listed in Indonesian Stock Exchange during the 2013–2017 period. Following the hypothesis formulation, this study employed four estimation models tested using panel data regression. Findings: Female CFOs tend to choose more conservative working capital investment policies. Moreover, conservative investment policies have a positive effect on firm profitability and mediate the impact of top female managers on firm profitability. Originality: Previous literature tends to overlook the role of top female managers in affecting working capital management policies and the effect of these policies on firm profitability. In this respect, this study provides insights on the role of the gender of top managers as a factor that likely explains the choice of working capital management policies in manufacturing firms which, in turn, affect firm profitability.
dc.contributor.affiliationUniversitas Kristen Satya Wacana
dc.contributor.affiliationUniversitas Kristen Satya Wacana
dc.contributor.affiliationUniversitas Kristen Satya Wacana
dc.contributor.authorPambayun Kinasih Yekti Nastit
dc.contributor.authorApriani Dorkas Rambu Atahau
dc.contributor.authorSupramono Supramono
dc.date.accessioned2025-07-25T16:01:54Z
dc.date.available2025-07-25T16:01:54Z
dc.date.issued2019
dc.date.published2019
dc.description.issue3
dc.description.physical107-127
dc.description.volume27
dc.identifier.doi10.7206/cemj.2658-0845.5
dc.identifier.issn2658-0845
dc.identifier.urihttps://repozytorium.kozminski.edu.pl/handle/item/1641
dc.languageen
dc.relation.ispartofCentral European Management Journal
dc.relation.pages107-127
dc.rightsCC-BY-NC-ND-4.0
dc.subjectworking capital management
dc.subjectfemale top manager
dc.subjectaggressive policy
dc.subjectconservative policy
dc.subjectprofitability
dc.title

Working Capital Management Policy: Female Top Managers and Firm Profitabilit

dc.typeArticle
dspace.entity.typePublication