Working Capital Management and Level of Countries’ Corruption: A Panel Study of ASEAN Countries
DOI:
https://doi.org/10.33423/ajm.v20i3.3109Keywords:
Management, working capital management, corruption indexes, ASEAN, Ordinary Least Squares (OLS)Abstract
This paper aims to clarify the relationship between working capital management and the level of countries’ corruption. This study uses a large panel sample of five ASEAN countries; Malaysia, Indonesia, Singapore, Thailand, and the Philippines over the period 2005–2017 using Ordinary Least Squares (OLS) estimators. The results indicate that the length of the cash conversion cycle will decrease as a result of increasing the level of corruption indexes. Meanwhile, a high level of corruption indexes forces the managers for the sample firms decrease the level of investment in cash equivalents and cash.
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Published
2020-10-02
How to Cite
Mansoori, E., Pirotti, A., Craik, A., & Ghazal, R. (2020). Working Capital Management and Level of Countries’ Corruption: A Panel Study of ASEAN Countries. American Journal of Management, 20(3). https://doi.org/10.33423/ajm.v20i3.3109
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