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.identifier.issn	2162-3082
dc.identifier.uri	http://repo.lib.jfn.ac.lk/ujrr/handle/123456789/1239
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.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