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Corporate Governance and Efficacy in Working Capital Management

Year: 2018

Type: article

Abstract: The present study aims to investigate the linkage between corporate governance practices and the efficacy in working capital management of the selected pharmaceutical companies in India. A sample of top 20 Pharmaceutical companies listed in BSE is selected based on their Market Capitalization. In order to examine the association between corporate governance practices and the firm’s efficacy in working capital management, the study employed Pooled OLS Regression Model (as suggested by the Breusch and Pagan Lagrangian multiplier test). The findings of the study bring to light that there is no noticeable linkage between corporate governance practices and the firm’s efficacy in working capital management after controlling the effect of firm’s size.

Source: Account and Financial Management Journal

DOI: 10.31142/afmj/v3i9.03

Authors: Tutun Mukherjee, Sweta Mishra

Institution: University of Calcutta

Language: English

Topic: Working Capital and Financial Performance

Subfield: Accounting

Field: Business, Management and Accounting

Domain: Social Sciences

SDG: Decent work and economic growth

Open Access status: diamond

OpenAlex ID: W2996916765

FWCI:

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