How to cite this paper
Loo, P & Lau, W. (2019). Key components of working capital management: Investment performance in Malaysia.Management Science Letters , 9(12), 1955-1964.
Refrences
Abuzayed, B. (2012). Working capital management and firms’ performance in emerging markets: the case of Jordan. International Journal of Managerial Finance, 8(2), 155-179.
Akindele, J., & Odusina, O. (2015). Working capital management and firm profitability: Evidence from Nige-ria quoted companies. Journal of Finance and Accounting, 6(7), 148-153.
Aktas, N., Croci, E., & Petmezas, D. (2015). Is working capital management value-enhancing? Evidence from firm performance and investments. Journal of Corporate Finance, 30, 98-113.
Bammeri, O., & Dehani, N. (2013). The effect of capital management on stock returns of accepted companies in Tehran Stock Exchange. European Online Journal of Natural and Social Sciences, 2(3(s)), 1061-1069.
Baños-Caballero, S., García-Teruel, P.J., & Martínez-Solano, P. (2014). Working capital management, corpo-rate performance, and financial constraints. Journal of Business Research, 67(3), 332-338.
Bhakoo, V., Singh, P., & Sohal, A. (2012). Collaborative management of inventory in Australian hospital sup-ply chains: practices and issues. Supply Chain Management: An International Journal, 17(2), 217-230.
Brush, T.H., Bromiley, P., & Hendrickx, M. (2000). The free cash flow hypothesis for sales growth and firm performance. Strategic Management Journal, 21(4), 455-472.
Deloof, M. (2003). Does working capital management affect profitability of Belgian firms? Journal of Busi-ness Finance & Accounting, 30(3&4), 573-587.
Eljelly, A. (2004). Liquidity-profitability tradeoff: An empirical investigation in an emerging market. Interna-tional Journal of Commerce and Management, 14(2), 48- 61.
Enqvist, J., Graham, M., & Nikkinen, J. (2014). The impact of working capital management on firm profitabil-ity in different business cycles: Evidence from Finland. Research in International Business and Finance, 32, 36-49.
Ganesan, V. (2007). An analysis of working capital management efficiency in telecommunication equipment industry. Rivier Academic Journal, 3(2), 1-10.
Garcia-Teruel P.J., & Martinez-Solano, P. (2007). Effects of working capital management on SME profitabil-ity. International Journal of Managerial Finance, 3(2), 164-177.
Ghodrati, H., & Ghanbari J. (2014). A study on relationship between working capital and profitability. Man-agement Science Letters, 4, 1675-1684.
Gunaratnam, G. & Seela, K.C. Work your working capital. (2019, March). Retrieved from https://www.pwc.com/my/en/perspective/working-capital-management/190301-blog-wcm-work-your-working-capital.html
Hill, M.D., Kelly, G.W., & Lockhart, G.B. (2012). Shareholder returns from supplying trade credit. Financial Management, 41(1), 255-280.
Kieschnick, R., Laplante, M., & Moussawi, R. (2013). Working capital management and shareholders’ wealth. Review of Finance, 17(5), 1827-1852.
Le, B. (2019). Working capital management and firm’s valuation, profitability and risk: Evidence from a de-veloping market. International Journal of Managerial Finance, 15(2), 191-204.
Mohamad, N.E.A.B., & Saad, N.B.M. (2010). Working capital management: The effect of market valuation and profitability in Malaysia. International Journal of Business and Management, 5(11), 140.
Nastiti, P.K.Y., Atahau, A.D.R., & Supramono, S. (2019). Working capital management and its influence on profitability and sustainable growth. Business: Theory and Practice, 20, 61-68.
Nguyen, H.C., Tran M.D., & Nguyen D.T. (2016). Working capital management and firms’ profitability: Evi-dence from Vietnam’s stock exchange. International Journal of Economics and Finance, 8(5), 55-62.
Nobanee, H., Abdullatif, M., AlHajjar, M. (2011). Cash conversion cycle and firm's performance of Japanese firms. Asian Review of Accounting, 19(2), 147-156.
Lazaridis, I. & Tryfonidis, D. (2006), Relationship between working capital management and profitability of listed companies in the Athens stock exchange. Journal of Financial Management and Analysis, 19(1), 26-35.
Padachi, K. (2006). Trends in working capital management and its impact on firms’ performance: an analysis of Mauritian small manufacturing firms. International Review of Business Research Papers, 2(2), 45-58.
Raheman, A., & Nasr, M. (2007). Working capital management and profitability-case of Pakistani firms. In-ternational Review of Business Research Paper, 3(1), 279-300.
Ramiah, V., Zhao, Y., & Moosa, I. (2014). Working capital management during the global financial crisis: the Australian experience. Qualitative Research in Financial Markets, 6(3), 332-351.
Ray, S. (2012). Evaluating the impact of working capital management components on corporate profitability: Evidence from Indian manufacturing firms. International Journal of Economic Practices and Theories, 2(3), 127-136.
Salehi, M., Mahdavi, N., Dari, S.Z.A., & Tarighi, H. (2019). Association between the availability of financial resources and working capital management with stock surplus returns in Iran. International Journal of Emerging Markets, 14(2), 343-361.
Şamiloğlu, F., & Akgün, A.İ. (2016). The Relationship between working capital management and profitability: Evidence from Turkey. Business and Economics Research Journal, 7(2), 1-14.
Shin, H.H., & Soenen, L. (1998). Efficiency of working capital and corporate profitability. Financial Practice and Education, 8(2), 37-45.
Singhania, M., & Mehta, P. (2017). Working capital management and firms’ profitability: evidence from emerging Asian countries. South Asian Journal of Business Studies, 6(1), 80-97.
Wang, Y. J. (2002). Liquidity management, operating performance, and corporate value: evidence from Japan and Taiwan. Journal of Multinational Financial Management, 12(2), 159-169.
Wasiuzzaman, S. (2015). Working capital and firm value in an emerging market. International Journal of Managerial Finance, 11(1), 60-79.
Akindele, J., & Odusina, O. (2015). Working capital management and firm profitability: Evidence from Nige-ria quoted companies. Journal of Finance and Accounting, 6(7), 148-153.
Aktas, N., Croci, E., & Petmezas, D. (2015). Is working capital management value-enhancing? Evidence from firm performance and investments. Journal of Corporate Finance, 30, 98-113.
Bammeri, O., & Dehani, N. (2013). The effect of capital management on stock returns of accepted companies in Tehran Stock Exchange. European Online Journal of Natural and Social Sciences, 2(3(s)), 1061-1069.
Baños-Caballero, S., García-Teruel, P.J., & Martínez-Solano, P. (2014). Working capital management, corpo-rate performance, and financial constraints. Journal of Business Research, 67(3), 332-338.
Bhakoo, V., Singh, P., & Sohal, A. (2012). Collaborative management of inventory in Australian hospital sup-ply chains: practices and issues. Supply Chain Management: An International Journal, 17(2), 217-230.
Brush, T.H., Bromiley, P., & Hendrickx, M. (2000). The free cash flow hypothesis for sales growth and firm performance. Strategic Management Journal, 21(4), 455-472.
Deloof, M. (2003). Does working capital management affect profitability of Belgian firms? Journal of Busi-ness Finance & Accounting, 30(3&4), 573-587.
Eljelly, A. (2004). Liquidity-profitability tradeoff: An empirical investigation in an emerging market. Interna-tional Journal of Commerce and Management, 14(2), 48- 61.
Enqvist, J., Graham, M., & Nikkinen, J. (2014). The impact of working capital management on firm profitabil-ity in different business cycles: Evidence from Finland. Research in International Business and Finance, 32, 36-49.
Ganesan, V. (2007). An analysis of working capital management efficiency in telecommunication equipment industry. Rivier Academic Journal, 3(2), 1-10.
Garcia-Teruel P.J., & Martinez-Solano, P. (2007). Effects of working capital management on SME profitabil-ity. International Journal of Managerial Finance, 3(2), 164-177.
Ghodrati, H., & Ghanbari J. (2014). A study on relationship between working capital and profitability. Man-agement Science Letters, 4, 1675-1684.
Gunaratnam, G. & Seela, K.C. Work your working capital. (2019, March). Retrieved from https://www.pwc.com/my/en/perspective/working-capital-management/190301-blog-wcm-work-your-working-capital.html
Hill, M.D., Kelly, G.W., & Lockhart, G.B. (2012). Shareholder returns from supplying trade credit. Financial Management, 41(1), 255-280.
Kieschnick, R., Laplante, M., & Moussawi, R. (2013). Working capital management and shareholders’ wealth. Review of Finance, 17(5), 1827-1852.
Le, B. (2019). Working capital management and firm’s valuation, profitability and risk: Evidence from a de-veloping market. International Journal of Managerial Finance, 15(2), 191-204.
Mohamad, N.E.A.B., & Saad, N.B.M. (2010). Working capital management: The effect of market valuation and profitability in Malaysia. International Journal of Business and Management, 5(11), 140.
Nastiti, P.K.Y., Atahau, A.D.R., & Supramono, S. (2019). Working capital management and its influence on profitability and sustainable growth. Business: Theory and Practice, 20, 61-68.
Nguyen, H.C., Tran M.D., & Nguyen D.T. (2016). Working capital management and firms’ profitability: Evi-dence from Vietnam’s stock exchange. International Journal of Economics and Finance, 8(5), 55-62.
Nobanee, H., Abdullatif, M., AlHajjar, M. (2011). Cash conversion cycle and firm's performance of Japanese firms. Asian Review of Accounting, 19(2), 147-156.
Lazaridis, I. & Tryfonidis, D. (2006), Relationship between working capital management and profitability of listed companies in the Athens stock exchange. Journal of Financial Management and Analysis, 19(1), 26-35.
Padachi, K. (2006). Trends in working capital management and its impact on firms’ performance: an analysis of Mauritian small manufacturing firms. International Review of Business Research Papers, 2(2), 45-58.
Raheman, A., & Nasr, M. (2007). Working capital management and profitability-case of Pakistani firms. In-ternational Review of Business Research Paper, 3(1), 279-300.
Ramiah, V., Zhao, Y., & Moosa, I. (2014). Working capital management during the global financial crisis: the Australian experience. Qualitative Research in Financial Markets, 6(3), 332-351.
Ray, S. (2012). Evaluating the impact of working capital management components on corporate profitability: Evidence from Indian manufacturing firms. International Journal of Economic Practices and Theories, 2(3), 127-136.
Salehi, M., Mahdavi, N., Dari, S.Z.A., & Tarighi, H. (2019). Association between the availability of financial resources and working capital management with stock surplus returns in Iran. International Journal of Emerging Markets, 14(2), 343-361.
Şamiloğlu, F., & Akgün, A.İ. (2016). The Relationship between working capital management and profitability: Evidence from Turkey. Business and Economics Research Journal, 7(2), 1-14.
Shin, H.H., & Soenen, L. (1998). Efficiency of working capital and corporate profitability. Financial Practice and Education, 8(2), 37-45.
Singhania, M., & Mehta, P. (2017). Working capital management and firms’ profitability: evidence from emerging Asian countries. South Asian Journal of Business Studies, 6(1), 80-97.
Wang, Y. J. (2002). Liquidity management, operating performance, and corporate value: evidence from Japan and Taiwan. Journal of Multinational Financial Management, 12(2), 159-169.
Wasiuzzaman, S. (2015). Working capital and firm value in an emerging market. International Journal of Managerial Finance, 11(1), 60-79.