Working Capital Management and Level of Countries’ Corruption: A Panel Study of ASEAN Countries

Authors

  • Ebrahim Mansoori University of Kurdistan-Hawler
  • Amjad Pirotti University of Malaya
  • Andrew Craik Bluestar AMG Malaysia Limited
  • Reza Ghazal Environment and Climate Change-Canada

DOI:

https://doi.org/10.33423/ajm.v20i3.3109

Keywords:

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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Section

Articles