Institutional-Repository, University of Moratuwa.  

Working capital management and firm performance: evidence from food and beverage sector of Colombo stock exchange

Show simple item record

dc.contributor.author Dissanayake, DMKT
dc.contributor.author Mendis, AU
dc.date.accessioned 2019-08-15T04:37:43Z
dc.date.available 2019-08-15T04:37:43Z
dc.identifier.uri http://dl.lib.mrt.ac.lk/handle/123/14755
dc.description.abstract This study investigates the impact of working capital management on firm performance of public listed companies in food and beverages in the Colombo Stock Exchange. Working capital is an important element that should be concerned by the managers, since negligence of it leads to a bankruptcy of the firm. Therefore, it is vital to identify a proper working capital policy for a firm before it creates troublesome situation to the company. In this study, a sample of 20 public listed companies from Food and Beverage sector were selected. Data is taken from annual reports of listed companies during the period of 2013 to 2017. Descriptive statistics method, Pearson correlation method and Panel regression method were used to analyse data. Descriptive statistics revealed current statistics on working capital management of Food and Beverage industry. Pearson correlation test results revealed that accounts collection period (ACP), inventory turnover period (ITD), gross working capital (GTA), current assets to total assets ratio (CATA) and Current liabilities to total assets ratio (CLTA) have significant correlation with firm performance. As per the panel regression results, It is found that, gross working capital (GTA) and current assets to total assets ratio (CATA) have positive significant relationship with return on assets (ROA).Current liabilities to total assets ratio (CLTA) has a significant negative relationship with return on assets (ROA).None of the independent variables have significant relationship with return on equity (ROE). en_US
dc.language.iso en en_US
dc.subject Working Capital Management en_US
dc.subject Firm Performance en_US
dc.subject Return on Assets en_US
dc.title Working capital management and firm performance: evidence from food and beverage sector of Colombo stock exchange en_US
dc.type Conference-Full-text en_US
dc.identifier.faculty other en_US
dc.identifier.year 2019 en_US
dc.identifier.conference International Conference on Business Research en_US
dc.identifier.place Moratuwa en_US
dc.identifier.pgnos 98-105 en_US


Files in this item

This item appears in the following Collection(s)

  • ICBR-2019 (2nd) [21]
    International Conference on Business Research (ICBR) - 2019

Show simple item record