Corporate Governance Practices and Working Capital Management Efficiency: Special Reference to Listed Manufacturing Companies in Sri Lanka

Information & Knowledge Management 3(2), 2013

11 Pages Posted: 8 Jun 2014

Date Written: 2013

Abstract

The main objective of the study is to find out the significant difference between corporate governance practices on working capital management efficiency in listed manufacturing firms in Sri Lanka. Secondary literature reviews and Secondary data collection methods were used to conduct the study. Twenty five listed manufacturing firms were selected as sample size in Colombo Stock Exchange for the periods 2007, 2008, 2009, 2010 and 2011. Independent sample one-way Anova (f-test) and Independent sample t-test have been utilized to find out the significant difference between corporate governance practices on working capital management efficiency. The results revealed that there is no significant mean different between the levels of working capital management efficiency among corporate governance practices as board committees, board meetings and proportion of non-executive director except board leadership structure. Based on the findings, we recommended that the effective policies in the working capital management must be formulated through the corporate governance practices in the listed manufacturing firms in Sri Lanka.

Keywords: Corporate Governance practices, Manufacturing companies and Working Capital Management Efficiency

Suggested Citation

Achchuthan, Sivapalan and Rajendran, Kajananthan, Corporate Governance Practices and Working Capital Management Efficiency: Special Reference to Listed Manufacturing Companies in Sri Lanka (2013). Information & Knowledge Management 3(2), 2013. Available at SSRN: https://ssrn.com/abstract=2447154

Sivapalan Achchuthan (Contact Author)

University of Jaffna ( email )

Thirunelvely
Jaffna
Jaffna, Northern 40000
Sri Lanka
0094 - 0778364899 (Phone)

Kajananthan Rajendran

University of Jaffna ( email )

Sri Lanka
Jaffna, North 40000
Sri Lanka

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