The Effect of Working Capital Management on Firm Performance with Financial Constraint and Non-Financial Constraint

被引：0

作者：

Rahmilia, Fitri ^{[1
]}

Ulpah, Maria ^{[1
]}

机构：

[1] Univ Indonesia, Fac Econ & Business, Jakarta, Indonesia

来源：

VISION 2025: EDUCATION EXCELLENCE AND MANAGEMENT OF INNOVATIONS THROUGH SUSTAINABLE ECONOMIC COMPETITIVE ADVANTAGE | 2019年

关键词：

CASH FLOW; TRADE CREDIT; INVESTMENT OPPORTUNITIES; ASYMMETRIC INFORMATION; MARKET IMPERFECTIONS; INTERNAL-FINANCE; AGENCY COSTS; OWNERSHIP; PANEL; DETERMINANTS;

D O I：

暂无

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

The purpose of this study is to examine the linkage between working capital management and firm performance with the sample of manufacturing firm in Indonesia. The empirical evidence proves that there is an inverted U shaped relation between working capital management and firm performance. This means that there is an optimal working capital level that maximize firm performance. Furthermore, this study also examine the sensitivity of this relation to financial constraint. The findings show that firm that is financially constrained have a lower optimal working capital level.

引用

页码：5465 / 5475

页数：11

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