Publikacja:

Working Capital Management and Corporate Performance: Evidence from Indonesia

Data

2018
Artykuł
Przeszukaj czasopismo Uproszczony widok Pełne metadane Statystyki
 
cris.legacyid4836
cris.virtual.journalance#PLACEHOLDER_PARENT_METADATA_VALUE#
cris.virtualsource.journalancedc92c553-0411-4522-97d5-b7ef33169392
dc.abstract.plPurpose: The purpose of this paper is to examine the relationship between working capital management and firm performance for firms listed on the Indonesian Stock Exchange. Prior works have employed many indicators of the working capital. The results of previous studies, however, have been inconsistent. This study is an attempt to find out the best proxy of working capital in explaining firm’s performance. Methodology: This study employs regression panels for five measures of working capital to model the data for fifty-four firm-year observations that meet the sampling criteria, covering the time 2010–2014. This study also uses adjusted R-squared as the criteria to select the strongest relationship between measures of working capital and firm performance. Findings: The findings indicate that all proxies of working capital management met expected signs and statistical significance. Hence, working capital management significantly improves firms’ performance. The proxy of inventory turnovers is the best measure of working capital in explaining firm performance. Originality: To the author’s knowledge, this is the first study examining the relationship between five measures of working capital management and firm performance in Indonesia or in any emerging markets; hence, this study contributes to the scarce literature on the management of working capital.
dc.contributor.affiliationIslamic University of Indonesia
dc.contributor.affiliationIslamic University of Indonesia
dc.contributor.authorHadri Kusuma
dc.contributor.authorAhmad Dhiyaullatief Bachtiar
dc.date.accessioned2025-07-25T16:01:14Z
dc.date.available2025-07-25T16:01:14Z
dc.date.issued2018
dc.date.published2018
dc.description.issue2
dc.description.physical76-88
dc.description.volume26
dc.identifier.doi10.7206/jmba.ce.2450-7814.229
dc.identifier.issn2658-0845
dc.identifier.urihttps://repozytorium.kozminski.edu.pl/handle/item/1607
dc.languageen
dc.relation.ispartofCentral European Management Journal
dc.relation.pages76-88
dc.rightsCC-BY-NC-ND-4.0
dc.subjectworking capital
dc.subjectprofitability
dc.subjectfirm’s performance
dc.title

Working Capital Management and Corporate Performance: Evidence from Indonesia

dc.typeArticle
dspace.entity.typePublication