The determinants of working capital management of selected publicly listed companies from 2000 t0 2006
Date of Publication
2007
Document Type
Bachelor's Thesis
Degree Name
Bachelor of Science in Management of Financial Institutions
Subject Categories
Finance and Financial Management
College
Ramon V. Del Rosario College of Business
Department/Unit
Financial Management
Defense Panel Chair
Edralin Lim
Defense Panel Member
Christian Requinta
Joel Bangalan
Abstract/Summary
The paper was conducted to study the management of working capital using internal and external determinants. The determinants are business indicator and industry effect as external factors and debt ratio, operating cash flow, growth, firm performance and firm size for the internal factor. To see the effects of these determinants on working capital management, the proxies employed in the study were Net Liquid Balance (NLB) and Working Capital Requirements (WCR).
Out of the 241 listed companies in Philippine Stock Exchange, only 137 companies were used to conduct the study. The study was subject to the availability of financial statements for the entire timeframe covered (2000-2006).
Results of this study partially proved some of the hypotheses constructed to be true. Results showed that AGE and SALES have an effect on Net Liquid Balance while GDP and OCF have on Working Capital Requirement. But among the determinants tested none showed a significant effect on both Working Capital Requirement and Net Liquid Balance as hypothesized (although there was a partial significance for industry effect the financials sector showed positive significance with both proxies while the hypothesized relationship of firm size held true for Working Capital Requirement but not Net Liquid Balance).
Abstract Format
html
Language
English
Format
Accession Number
TU14182
Shelf Location
Archives, The Learning Commons, 12F, Henry Sy Sr. Hall
Physical Description
59 leaves: ill. ; 28 cm.
Keywords
Capital -- Management; Business enterprises Finance
Recommended Citation
Ang, K. N., Clemente, J. L., & Reyes, B. C. (2007). The determinants of working capital management of selected publicly listed companies from 2000 t0 2006. Retrieved from https://animorepository.dlsu.edu.ph/etd_bachelors/5715