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However, other findings show a negative significant relationship between debt ratio (leverage) and firm’s profitability.
Based on the Department of Innovation, Industry, Science & Research (DIISR) data from Australia, about half of its total 294 manufacturing firms reported bankruptcy status after the financial crisis in 2008.
Working capital management; Manufacturing sector; Profitability This study attempts to examine the relationship between the working capital management and firm’s profitability.
In this research, a panel data have been used for a sample of 164 manufacturing firms listed on Bursa Malaysia over a period of 5 years from 2007 to 2011.
In 2008, the global financial crisis and the collapses of colossal organizations such as General Motors and Lehman Brothers have affected the industries business operation worldwide.
In the aftermath, the firm’s managers are forced to recognize the importance of managing the firm’s resources effectively, particularly in the areas of working capital in order to prevent more losses or bankruptcy.