The Impact of Corporate Governance Mechanisms on Working Capital Management Efficiency: Evidence from Egypt | ||
| مجلة البحوث التجارية | ||
| Article 9, Volume 41, Issue 3, July 2019, Pages 49-96 PDF (464.05 K) | ||
| Document Type: تجاریة کل ما یتعلق بالعلوم التجاریة | ||
| DOI: 10.21608/zcom.2019.124021 | ||
| Authors | ||
| نعيم فهيم حنا; شيماء فکري مهني; رضوي إبراهيم مجدي الصارمي* | ||
| قسم المحاسبة، کلية التجارة، جامعة الزقازيق، الزقازيق، مصر | ||
| Abstract | ||
| Abstract This study aims at investigating the impact of corporate governance mechanisms on working capital management efficiency. A sample of 99 manufacturing firms listed on the Egyptian stock exchange is used for the period from 2014 to 2017. Using panel data analysis, generalized least square regression models with cross section weights are estimated to investigate the impact of the main characteristics of the board of directors, the characteristics of the audit committee and the institutional ownership on the efficient management of the working capital. The results indicate that the corporate governance mechanisms have significant impact on the working capital management efficiency. | ||
| Keywords | ||
| Corporate governance; board of directors; audit committee; working capital management; cash conversion cycle; Egypt | ||
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