The impact of capital expenditures on working capital management in publicly listed food and beverage manufacturing firms of Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Vietnam for the Period 2009-2013

Date of Publication

2015

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

Thesis Adviser

Mar Andreiel Umali

Defense Panel Chair

Edralin C. Lim

Defense Panel Member

Merika Dela Pena

Abstract/Summary

This paper aims to determine if capital expenditures have a significant impact on working capital management. The study would like to determine if acquiring additional fixed assets affect the working capital of a firm. The researchers will make use of the data to be obtained from the selected publicly listed food and beverage manufacturing companies of Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Vietnam. It will include ten selected firms from each of the six selected countries for the period of 2009-2013. In determining the results, the researchers will use panel data regression analysis to determine the relationship of the two proxies of working capital management such as net liquidity balance and working capital requirement to the independent variable which is capital expenditure, and control variables such as financial expenditure, operating expenditure, growth, debt to equity ratio, and operational cash flows. To validate the findings, simple linear regression will be used to determine the relationship between the two proxies of working capital management (net liquidity balance and working capital requirement) and capital expenditures for the data in the Philippines. The manufacturing firms with retailing operations and milling companies are analyzed separately in the linear regression. The simple linear regression results were found to conform to business realities. Furthermore, the variables to be observed will include several data to be collected from the different firms, as well as data to be collected from different time periods.

Abstract Format

html

Language

English

Format

Print

Accession Number

TU20492

Shelf Location

Archives, The Learning Commons, 12F, Henry Sy Sr. Hall

Physical Description

124 leaves; 28 cm. + ; 1 computer optical disc.

Keywords

Capital investments -- Asia; Financial institutions -- Asia

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