This study investigates the practice of Working Capital Management (WCM) in Malaysian context, particularly in Malaysian public listed companies. Eventually, determining the important factors affecting working capital management would able managers to manage working capital efficiently and effectively. As for this purpose, a study of 150 public listed companies from 7 different sectors that were listed in Bursa Malaysia Main Market covering the period of 2002-2011 was undertaken. This study used cash conversion cycle (CCC) and working capital as a proxy for working capital requirement (WCR) while debt, capital expenditure, free cash flow, gross domestic product and firm growth are used as the determinant variables. In conclusions, applying correlations and Pooled Ordinary Least Square Regression analysis, the result shows that there are significant associations between working capital and its determinants factors.
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