Industrial companies suffer from financial crises and challenges caused by mismanagement of working capital. The inability industrial to provide an appropriate level cash flow cover their expenses pay obligations may negatively affect existence continuity. However, this paper aims some literature examine the mediating role sales growth debt ratio between capital efficiency profit management in ...

This paper investigates the relationship between internal audit and working capital management (WCM) of Malaysian public-listed firms. Good WCM is vital as it drives profitability. Anecdotal evidence suggests that inventory conversion period most challenging part for In 2017, around RM71 billion in cash was locked up thus suggesting firms are struggling with WCM. Based on this issue, we therefo...

We use a panel of over 120,000 Chinese firms of different ownership types over the period 2000-2007 to analyze the linkages between investment in fixed and working capital and financing constraints. We find that those firms characterized by high working capital display high sensitivities of investment in working capital to cash flow (WKS) and low sensitivities of investment in fixed capital to ...