Impact of capital structure on working capital management: evidence from capital goods sector in Colombo stock exchange

Nisfa, S.; Nazar, M. C. A.

dc.contributor.author	Nisfa, S.
dc.contributor.author	Nazar, M. C. A.
dc.date.accessioned	2021-11-23T10:23:37Z
dc.date.available	2021-11-23T10:23:37Z
dc.date.issued	2021-11
dc.identifier.citation	KALAM – International Journal Faculty of Arts and Culture, South Eastern University of Sri Lanka. 14(2), 2021 pp.38-44.	en_US
dc.identifier.issn	13916815
dc.identifier.uri	http://ir.lib.seu.ac.lk/handle/123456789/5840
dc.description.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.	en_US
dc.language.iso	en_US	en_US
dc.publisher	Faculty of Arts and Culture, South Eastern University of Sri Lanka, University Park, Oluvil.	en_US
dc.subject	Working Capital Requirement	en_US
dc.subject	Firm Size	en_US
dc.subject	Return on Equity	en_US
dc.subject	Debt to Equity	en_US
dc.subject	Working Capital Management	en_US
dc.title	Impact of capital structure on working capital management: evidence from capital goods sector in Colombo stock exchange	en_US
dc.type	Article	en_US