Working Capital Management and Firm Performance: Evidence From Malaysia During COVID-19

Uwais Al-Qarni Abd Halim ,
Ghina Syafiqah Ghazali ,
Fatin Hanisah Zulkifli ,
Imbarine Bujang ,
Siti Rahayu Beli

Abstract

When it comes to the history of economic expansion, the management of working capital is widely regarded as an essential component of business success worldwide. Both before and throughout COVID-19, it is clear that companies operating in each area are inconsistent with one another. In this study, ten years' worth of data from 2012 to 2021 is collected from three different industries in Malaysia. The purpose of this research is to investigate how certain businesses have been able to sustain good performance over the years, even during a worldwide crisis that has affected the economy of the entire world. We chose these three industries—technology, consumer goods, and healthcare—because they have demonstrated the highest level of consistency in business performance over the years. The primary purpose of this research is to ascertain the reasons behind specific industries' success and identify the aspects of working capital management that are the most important contributors to the performance of businesses before and even after the COVID-19 outbreak. In general, the findings indicated that working capital is essential in driving the company's profitability.

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About this article

Publication Date

06 May 2024

Article Doi

https://doi.org/10.15405/epsbs.2024.05.31

eBook ISBN

978-1-80296-132-4

Publisher

European Publisher

Volume

133

Print ISBN (optional)

-

Edition Number

1st Edition

Pages

1-1110

Subjects

Marketing, retaining, entrepreneurship, management, digital marketing, social entrepreneurship

Cite this article as:

Halim, U. A. A., Ghazali, G. S., Zulkifli, F. H., Bujang, I., & Beli, S. R. (2024). Working Capital Management and Firm Performance: Evidence From Malaysia During COVID-19. In A. K. Othman, M. K. B. A. Rahman, S. Noranee, N. A. R. Demong, & A. Mat (Eds.), Industry-Academia Linkages for Business Sustainability, vol 133. European Proceedings of Social and Behavioural Sciences (pp. 368-384). European Publisher. https://doi.org/10.15405/epsbs.2024.05.31

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