The Impact of Working Capital Management on Firm Profitability and Value

Management of working capital is one the key functions in financial management. Working management has its impact on liquidity and profitability firm. Because importance, this study examines firms’ value listed companies Sri Lanka. Financial data from forty-one Colombo Stock Exchange for period four years, which comprises 205 firm-year observations were analysed using panel regression analysis. It revealed that cash conversion cycle, days accounts payable, financing policy a significant negative return assets. Meanwhile, positive effect found between receivable Further, there firm size both value. Evidence implies firms could improve their through efficient The evidence may would be useful to consider maintaining optimal components policies ignore corporate collapse