营运资金
估价(财务)
业务
面板数据
固定资本
固定投资
财务
首都(建筑)
投资(军事)
背景(考古学)
经济
金融资本
会计
资本形成
经济增长
人力资本
地理
考古
政治
政治学
法学
计量经济学
作者
Vianny Jeniston Delima
出处
期刊:Asian journal of economics, business and accounting
[Sciencedomain International]
日期:2023-09-18
卷期号:23 (20): 122-137
标识
DOI:10.9734/ajeba/2023/v23i201098
摘要
The aim of this paper is to investigate the influence between working capital management and firm value in the Sri Lankan context. This research has used pooled panel data of 475 observations from 95 listed firms across 18 sectors. Secondary data which are gathered from the annual report published by the CSE for the five years period from 2018/2019 to 2022/2023. The findings states that this model in the study explains a rise in the number of days in the cash conversion period decreased the firm's valuation by 43%. Further, working capital investment policy increases, or in other terms, the degree of WCIP’s aggressiveness rises, the firm value decreases, and increases in financing policy leads to decreases in firm value. This study includes both working capital investment policy and working capital financing policy with control variables in Sri Lanka. This research provides limited literature on working capital management, working capital policies, and firm value in Sri Lanka.
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