Please use this identifier to cite or link to this item: http://ir.lib.seu.ac.lk/handle/123456789/5840
Title: Impact of capital structure on working capital management: evidence from capital goods sector in Colombo stock exchange
Authors: Nisfa, S.
Nazar, M. C. A.
Keywords: Working Capital Requirement
Firm Size
Return on Equity
Debt to Equity
Working Capital Management
Issue Date: Nov-2021
Publisher: Faculty of Arts and Culture, South Eastern University of Sri Lanka, University Park, Oluvil.
Citation: KALAM – International Journal Faculty of Arts and Culture, South Eastern University of Sri Lanka. 14(2), 2021 pp.38-44.
Abstract: This study is intended to examine the impact of Capital Structure on Working Capital Management, an application on Capital goods companies listed in Colombo Stock Exchange. Data for the study is collected from 145 annual reports which are related to 29 Capital goods companies listed in Colombo Stock Exchange for five years from 2014 to 2018.Capital Structure is used as independent variable for the study while Working Capital Requirement (WCR) is used as the dependent variable. Controlling variables of this study are Firm Size (FS) and Return on Equity (ROE). Regression analysis is used for hypothesis testing. The result of this study shows that Debt to Equity ratio has a negative and significant impact on Working Capital Requirement from regression analysis. Finally, researchers conclude that there is a significant negative impact of Capital Structure on Working Capital Management of Capital goods companies in Sri Lanka.
URI: http://ir.lib.seu.ac.lk/handle/123456789/5840
ISSN: 13916815
Appears in Collections:Volume 14 Issue 2

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