Working capital management and corporate governance: A new pathway for assessing firm performance
dc.contributor.author | Kayani, UN | |
dc.contributor.author | De Silva, Tracy-Anne | |
dc.contributor.author | Gan, Christopher | |
dc.date.accessioned | 2018-11-13T00:40:21Z | |
dc.date.available | 2018-09-25 | |
dc.date.issued | 2018-09-25 | |
dc.description.abstract | This study reports the relationship of working capital management (WCM) and corporate governance (CG) on firm performance (FP) using system generalized method of moments (SGMM). SGMM controls potential sources of endogeneity. This study uses US listed firms and includes two stages. In the first stage, the individual impact of WCM and CG on FP is examined. In the second stage, the collective effect of WCM and CG on FP is examined. The study finds that efficient WCM and good CG practices do affect FP on both an individual basis and on a collective basis. Therefore, this study recommends that the impact of WCM, being a short-term performance indicator, and CG, being a long-term indicator should be considered collectively in the future while investigating financial FP. | |
dc.format.extent | 1 pages | |
dc.identifier | https://www.webofscience.com/api/gateway?GWVersion=2&SrcApp=elements_prod&SrcAuth=WosAPI&KeyUT=WOS:000461833900012&DestLinkType=FullRecord&DestApp=WOS_CPL | |
dc.identifier.doi | 10.1080/13504851.2018.1524123 | |
dc.identifier.eissn | 1466-4291 | |
dc.identifier.issn | 1350-4851 | |
dc.identifier.other | HP6YR (isidoc) | |
dc.identifier.uri | https://hdl.handle.net/10182/10348 | |
dc.language | en | |
dc.language.iso | en | |
dc.publisher | Taylor & Francis | |
dc.relation | The original publication is available from Taylor & Francis - https://doi.org/10.1080/13504851.2018.1524123 - http://dx.doi.org/10.1080/13504851.2018.1524123 | |
dc.relation.isPartOf | Applied Economics Letters | |
dc.relation.uri | https://doi.org/10.1080/13504851.2018.1524123 | |
dc.subject | working capital management | |
dc.subject | corporate governance | |
dc.subject | system generalized method of moments | |
dc.subject | US | |
dc.subject | endogeneity | |
dc.subject.anzsrc2020 | ANZSRC::3502 Banking, finance and investment | |
dc.subject.anzsrc2020 | ANZSRC::3801 Applied economics | |
dc.subject.anzsrc2020 | ANZSRC::3899 Other economics | |
dc.title | Working capital management and corporate governance: A new pathway for assessing firm performance | |
dc.type | Journal Article | |
lu.contributor.unit | LU | |
lu.contributor.unit | LU|Faculty of Agribusiness and Commerce | |
lu.contributor.unit | LU|Faculty of Agribusiness and Commerce|FABS | |
lu.contributor.unit | LU|Learning, Teaching and Library | |
lu.contributor.unit | LU|Research Management Office | |
lu.contributor.unit | LU|Research Management Office|OLD QE18 | |
lu.contributor.unit | LU|Research Management Office|OLD PE20 | |
lu.identifier.orcid | 0000-0002-2065-439X | |
lu.identifier.orcid | 0000-0002-5618-1651 | |
pubs.issue | 11 | |
pubs.notes | Need to purchase article | |
pubs.publication-status | Published online | |
pubs.publisher-url | http://dx.doi.org/10.1080/13504851.2018.1524123 | |
pubs.volume | 26 |