Working capital management impact of firm performance and firm value.

Abstract

This research model discussed the impact ow working capital management on firm performance and firm value in Egyptian listed firms. The collected data was from annual reports and financial statements from selected firms. The period from (2015 to 2020). To test the hypotheses, we used the software SPSS that include descriptive analysis, correlation analysis, and regression analysis. We have measured firm performance by Return on Assets (ROA) and measured firm value by Tobin’s q. on the other hand, we have measured working capital by four measurements which are net working capital ratio, quick ratio, cash conversion cycle and cash ratio. The findings are that there is a significant correlation between working capital management and firm performance and there is significant correlation between working capital and firm value.