Working capital management and corporate performance: Evidence from Sri Lankan listed manufacturing firms.
| dc.contributor.author | Vijayakumaran, R. | |
| dc.contributor.author | Vijayakumaran, S. | |
| dc.date.accessioned | 2019-02-01T08:30:33Z | |
| dc.date.accessioned | 2022-06-28T03:52:10Z | |
| dc.date.available | 2019-02-01T08:30:33Z | |
| dc.date.available | 2022-06-28T03:52:10Z | |
| dc.date.issued | 2017 | |
| dc.description.abstract | Working capital that represents a significant portion of a firm's total assets affects its profitability and liquidity. This study examines the performance effects of working capital management using a panel of listed manufacturing companies on the Colombo Stock Exchange (CSE) over the period 2011 to 2016. Controlling for unobservable firm specific heterogeneity and a set of observable firm characteristics, we document that working capital i s non-I i nearly (inverted U-shaped) related to firm prof itabi I ity. This indicates the existence of an optimal level of working capital that balances the costs and benefits of maintaining working capital, and maximizes firm's performance. | en_US |
| dc.identifier.issn | 2162-3082 | |
| dc.identifier.uri | http://repo.lib.jfn.ac.lk/ujrr/handle/123456789/1239 | |
| dc.language.iso | en | en_US |
| dc.publisher | International Journal of Accounting and Financial Reporting, | en_US |
| dc.subject | Working capital management | en_US |
| dc.subject | Cash conversion cycle | en_US |
| dc.title | Working capital management and corporate performance: Evidence from Sri Lankan listed manufacturing firms. | en_US |
| dc.type | Other | en_US |
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