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	Working capital policy practice: Evidence from Sri Lankan companies
	Bei, Zhao ; Wijewardana, W. P. ; Zhao B(赵蓓)
	2012
关键词	FIRM
英文摘要	Conference Name:International Conference of the Asia-Pacific-Business-Innovation-and-Technology-Management-Society. Conference Address: Pattaya, THAILAND. Time:JAN 13-15, 2012.; This study investigates working capital policy (WCP) practices in Sri Lankan context. We utilize multiple regression analysis (MRA) to empirically formulate the industry's 'best practice' limit and measures firm efficiency as the detachment from that limit. Using theses different working capital policy we study WCP behavior, firm performance and deciding factors. We summarize the divergent properties of working capital policy in terms of two hypotheses: the efficiency, liquidity levels and working capital policy hypotheses. Employing multiple regressions we test the influence of efficiency on factors that is determining the WCP, thus the empirical validity of two competing hypotheses across different working capital policy choices and what factors associated with the determinants of listed firm to exploit particular working capital management policy. We also investigate firm performance and WCP. Throughout this investigation we consider the role of WCP and determinants of WCP. The study finding explore the impact of different types of working capital policy practises are differently affect the firm liquidity, efficiency, profitability and capacity usage. Sample of this investigation consist 155 companies listed in Colombo Stock Exchange (CSC) from 2002 -2006. (C) 2012 Published by Elsevier Ltd. Selection and/or peer-review under responsibility of the Asia Pacific Business Innovation and Technology Management Society
语种	英语
出处	http://dx.doi.org/10.1016/j.sbspro.2012.03.251
出版者	PROCD SOC BEHV
内容类型	其他
源URL	[http://dspace.xmu.edu.cn/handle/2288/85173]
专题	管理学院－会议论文
推荐引用方式 GB/T 7714	Bei, Zhao,Wijewardana, W. P.,Zhao B. Working capital policy practice: Evidence from Sri Lankan companies. 2012-01-01.

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