Examining the Moderating Effect of Earnings Management on the Association between Working Capital Management and Firm’s Financial Performance: Evidence from Egypt
| المصدر: | مجلة المحاسبة والمراجعة |
|---|---|
| الناشر: | جامعة بني سويف - كلية التجارة |
| المؤلف الرئيسي: | Abd-Elfatah, Hala Abd-Elnaby (Author) |
| مؤلفين آخرين: | Abd-Elhamid, Hadeer Adel (Co-Author), Mahmoud, Kholoud Abdel Karim (Co-Author) |
| المجلد/العدد: | ع1 |
| محكمة: | نعم |
| الدولة: |
مصر |
| التاريخ الميلادي: |
2023
|
| الشهر: | أبريل |
| الصفحات: | 1 - 41 |
| DOI: |
10.21608/naus.2023.292539 |
| ISSN: |
2314-4793 |
| رقم MD: | 1372404 |
| نوع المحتوى: | بحوث ومقالات |
| اللغة: | الإنجليزية |
| قواعد المعلومات: | EcoLink |
| مواضيع: | |
| كلمات المؤلف المفتاحية: |
Working Capital Management | Earnings Management | Financial Performance
|
| رابط المحتوى: |
عدد مرات التحميل
12
| المستخلص: |
The objective of this research is to study the influence of Working Capital Management (WCM) and its components on a firm’s Financial Performance (FP). In addition, it aims to examine the moderating consequence of Earnings management (EM) on the association between WCM and the firm’s FP. For the five-year study period from 2014 to 2018, a sample of 61 companies registered on the Egyptian stock exchange EGX was employed. The study hypotheses are tested using the Panel Least Squares (PLS) and Estimated Generalized Least Square (EGLS) regression analyses. The findings showed that WCM as measured by Cash Conversion Cycle (CCC) had a considerable negative influence on the firm's FP as measured by Return on Assets (ROA), Return on Equity (ROE), and Earnings per Share (EPS). It is concluded that the efficient management of WC can be achieved through shortening Average Days of collecting Receivables (ADR) and Average Days of holding Inventory (ADI) and lengthening Average Days of payment of Payables (ADP) as possible which in turn will be reflected positively on overall firm’s FP. Finally, the results indicated that the involvement of EM practices measured by the modified Jones model (1995) strengthens the association between WCM and ROA. Thus, managers use EM practices in the process of WCM to improve a firm’s FP measured by ROA. |
|---|---|
| ISSN: |
2314-4793 |
عناصر مشابهة
-
Firms’ Financial Performance and Earnings Management: The Case of Egypt
بواسطة: Mostafa, Wael منشور: (2018) -
Evaluating the Moderating Effect of Firm's Size on the Relationship between Debt Financing and Financial Performance of Firms: Evidence from Egypt
بواسطة: Metwally, Samar Salah منشور: (2019) -
The Relationship between Earnings Management and Credit Ratings and their Impact on Firm Performance: Evidence from Egypt
بواسطة: Mahmoud, Eman Essam منشور: (2023) -
On The Impact of Family Versus Institutional Block-Holders on Accrual-Based Earnings Management and Firm Performance: Evidence from an Emerging Market
بواسطة: Attia, Eman Fathi منشور: (2023) -
The Impact of the Relationship between Managerial Ability and Earnings Management by Classification Shifting on Transparency of Financial Reporting and Firm Value: An Empirical Evidence from the Saudi Capital Market
بواسطة: Deef, Alaa Eldin Tawfeek Ebrahim منشور: (2022)
