Year: 2009
Type: article
Abstract: The present study investigates into the traditional relationship of working capital management and firm’s profitability. Using panel data set for the period of 1998- 2005, the impact of aggressiveness of working capital investment and financing policies have been evaluated on return on assets as well as Tobin’s q. Managers can create value if they are adopting for a conservative approach towards working capital investment and working capital financing policies. However, if firms are having aggressive approach to manage the short term liabilities, investors give more value to those firms in stock markets.
Source: Business Review
Authors: Mian Sajid Nazir, Talat Afza
Institution: COMSATS University Islamabad, Lahore Campus
Language: English
Subfield: Accounting
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W2189330680