1、2780 英文单词 ， 15400 英文字符 ，中文 4600 字 文献出处： Kasiran F W, Mohamad N A, Chin O. Working Capital Management Efficiency: A Study on the Small Medium Enterprise in Malaysia J. Procedia Economics & Finance, 2016, 35:297-303. Working Capital Management Efficiency: A Study on the Small Medium Enterprise in Mala
2、ysia Farrah Wahieda Kasiran, Noredi Azhar Mohamad, Othman Chin Abstract This preliminary study was made with an attempt to analyze the efficiency of working capital management in the selected small medium enterprise companies in Malaysia. The secondary data was derived from Suruhanjaya Syarikat Mala
3、ysia. Database of 24 companies are randomly selected from the SME Corp website for four years period from 2010 - 2013. In analyzing the efficiency of working capital management three indexes was used in this current study namely, performance index of working capital management (PIWCM), utilization i
4、ndex of working capital management (UIWCM), and efficiency index of working capital management (EIWCM). The results reveal that the selected small medium enterprise company was less efficient in managing their working capital during this study period. Keywords: Working capital management; Efficiency
5、 index; SME; Malaysia 1. Introduction Essentially, working capital management (WCM) is one of the most vital segments in firms financing decisions as an important stimulus towards firms performance. The importance of WCM towards firms achievement was considered as a traditional concept that was high
6、lights in all standard corporate finance textbooks (Aktas, & Croci, & Petmezas, 2015). Above all, efficient management of working capital is a fundamental part of the overall corporate strategy (Padachi, 2006) and is expected to contribute positively to the creation of a firms value (Nazir & Afza, 2009). Thus, the importance of managing the working capital (WC) efficiently is irrefutable in certifying each components of working capital are at the best level of efficiency to successfull
