Master Study: Effect of Corporate Governance on Working Capital Management and Financial Performance

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الثلاثاء, سبتمبر 07 2021
رسائل ماجستير و دكتوراة
Master Study: Effect of Corporate Governance on Working Capital Management and Financial Performance

Working capital represents the amount of day to day operating liquidity available to a business. it is difference between resources of the firm in cash or readily convertible into cash

This research investigates the impact of corporate governance monitoring practices on the efficiency of working capital management and on improving the corporate financial performance. This research is based on a sample of 57 listed manufacturing firms in the Egyptian Stock Exchange for the period 2006-2010. Results were analyzed by using the multiple regression and Pearson correlation techniques. The result indicates that working capital management efficiency is critical for maintaining balance between liquidity and profitability. Findings show that return on assets and current ratio is negatively correlated with the Cash Conversion Cycle (CCC). This means that by shortening CCC, firms’ profitability and liquidity improves. The results implies that firms can create value for their shareholders by keeping the CCC to minimum and through effective working capital management managers can promotes increase in firm profitability and liquidity. In addition, the results revealed that there is a significant impact of corporate governance practices on the efficiency of working capital management.

 

Dr. Nevine Sobhy Abdel Megeid

Accounting Lecturer, PhD, CMA

Accounting and Finance Department

Arab Academy for Science, Technology and Maritime

Transport College of Management and Technology

 

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قراءة 490 مرات آخر تعديل في الثلاثاء, 07 سبتمبر 2021 08:59
المزيد في هذه الفئة : « Master Study: The state of Theoretical Heterogeneity in Management Accounting Research Master Study: Impact of Value Relevance of Financial Performance Information and Corporate Governance on Capital Structure »

الموضوعات ذات الصلة

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في المحاسبين العرب، نتجاوز الأرقام لتقديم آخر الأخبار والتحليلات والمواد العلمية وفرص العمل للمحاسبين في الوطن العربي، وتعزيز مجتمع مستنير ومشارك في قطاع المحاسبة والمراجعة والضرائب.

النشرة البريدية

إشترك في قوائمنا البريدية ليصلك كل جديد و لتكون على إطلاع بكل جديد في عالم المحاسبة

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جميع النصوص و الصور محمية بحقوق الملكية الفكرية و لا نسمح بالنسخ الغير مرخص

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