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The impact of working capital management on firms' perfomance: evidence from indonesian listed primary industries 2008 - 2012

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This study attempts to bridge the gap in the literature by establishing empirical evidence regarding the impact of working capital management on the financial performance of Indonesian listed primary industries firms. The working capital management is measured through the cash conversion cycle and its components, namely days inventory held, days sales outstanding, and days payable outstanding. The firm performance is measured using return on asset as an indicator of firm?s profitability. The data set consists of 55 firms listed in the Indonesia Stock Exchange for the period of 2008 ? 2012. Using multiple regression analysis, the result indicates that days sales outstanding and days payable outstanding significantly impact the performance of listed primary industries firms in Indonesia. This study also finds that days inventory held and cash conversion cycle also have negative impact, but the relationship is weak due to the insignificant result. The author is suggested that firm should properly manage its account receivable and account payable in order to improve the firm?s profitability.

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Availability

B01419

(wh)

Available

Detail Information

Series Title

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Call Number

1419

Publisher

: Swiss German University., 2013

Collation

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Language

English

ISBN/ISSN

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Classification

NONE

Content Type

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Media Type

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Carrier Type

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Edition

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Subject(s)

IBA

Specific Detail Info

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Statement of Responsibility

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