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The Impact of Changes in Working Capital on Firm Value in Bursa Malaysia

  • T. KokodeyEmail author
  • M. Namkhanova
  • N. Alesina
Conference paper
Part of the Smart Innovation, Systems and Technologies book series (SIST, volume 138)

Abstract

The ability of firm to sustain and accelerate in current rapid changing world economic is determined by firm performance. Several previous researchers suggest that an optimal working capital management is expected to contribute positively to firm performance, and indirectly to the creation of firm value. This research will analyze the impact between changes of monetary in working capital towards firm value in view of shareholder perspective. Panel data analysis using Malaysian firm financial statement data of various industry typologies from 2009 till 2017; indicate additional investment in working capital worth less than perceive value of additional investment in cash, apart increase of financial aid for working capital will reduce firm value in the same fiscal year.

Keywords

Working capital Firm value Panel analysis 

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Copyright information

© Springer Nature Switzerland AG 2020

Authors and Affiliations

  1. 1.Sevastopol State UniversitySevastopolRussia

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