The Impact Of Corporate Governance On The Efficiency Of Managing Working Capital:, The Manufacturing Sector In Jordan

المجلة الأردنية في إدارة الأعمال Pub Date : 1900-01-01 DOI:10.35516/0338-015-002-004

بشار أبو خلف, علاء الدين عوض الطراونة

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引用次数: 3

Abstract

The main objective of this research is to investigate the effect of corporate governance on working capital proficiency. A sample of 49 manufacturing organizations listed in ASE during the period of 2005-2016 is used. This research uses panel analysis (fixed and random effect techniques) in order to empirically investigate the impact of corporate governance in managing working capital efficiently. The model includes two variables of corporate governance; CEO tenure duration and board size and controlled the model by including the size of the firms, growth and the performance of company. The results suggest that the more experience the CEO has and the smaller the board size is, the better governance manufacturing companies in Jordan would be in managing their working capital efficiently. In addition, large, high growth companies efficiently manage their working capital in a better way. Lastly, high profitably manufacturing companies in Jordan tend to ignore managing their working capital efficiently.

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公司治理对营运资金管理效率的影响:以约旦制造业为例

本研究的主要目的是探讨公司治理对营运资金熟练程度的影响。本文采用2005-2016年期间在ASE中列出的49家制造业组织作为样本。本研究采用面板分析(固定效应和随机效应技术)来实证研究公司治理对有效管理营运资金的影响。该模型包含公司治理两个变量;CEO任期与董事会规模之间的关系，通过将公司规模、成长性和公司绩效纳入控制模型。结果表明，CEO经验越丰富，董事会规模越小，约旦制造业公司在有效管理营运资金方面的治理效果越好。此外，大型高增长公司以更好的方式有效地管理其营运资金。最后，约旦的高利润制造公司往往忽视有效管理其营运资金。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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المجلة الأردنية في إدارة الأعمال

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