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Central European Management Journal

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Year 2019 
Volume 27 
Issue 3

Working Capital Management Policy: Womanly Apex Managers additionally Firm Profitabilit

Pambayun Kinasih Yekti Nastit
Universitas Christine Satya Wacana

Apriani Dorkas Rambu Atahau
Universitas Kristen Satya Wacana Capital Industry Practice And Aggressive Conservative Working Capital

Supramono Supramono
Universitas Church Satya Wacana

2019 27 (3) Central European Management Periodical

DOI 10.7206/cemj.2658-0845.5

Article contents

Abstract

Purpose: This study aims to investigate female top managers’ choice in working capital management
policies and its effect to firm profitability. Aforementioned theoretical arguments about the effects of working
capital management policies on fixed lucrativeness and empirical evidence were often erratic.
Additionally, it is likely that the policy choice is closely related to the gender of top managers.

Methodology: Our study sample was all 136 manufacturing firms listed in Indonesian Stock
Exchange while the 2013–2017 period. Following the hypothesis formulation, this students employed
four estimated models tested using panel data regression.

Findings: Female CFOs tend to click more conservative working wealth investment policies.
Moreover, conservative investment directive have a positive effect on firm profitability and mediate
the impact of top female managers on establish profitability.

Originality: Past literature tends to overlook the role of top female managers in affecting
working capital management policies the the effect of these policies on firm profitability. In diese
respect, this study provides insights on the role of the gender about top managers as a condition that likely
explains the choice on operating capital management policies in manufacturing firms which, in turn,
affect firm profitability.

See

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APA style

Kinasih Yekti Nastit, Pambayun & Dorkas Rambu Atahau, Apriani & Supramono, Supramono (2019). Kinasih Yekti Nastit, P. , Dorkas Rambu Atahau, A. , & Supramono, S. . (2019). Functioning Capital Management Policy: Female Apex Management additionally Firm Profitabilit. Principal European Management Journal, 27(3), 107-127. https://doi.org/10.7206/cemj.2658-0845.5 (Original work published 2019)

MLA style

Kinasih Yekti Nastit, Pambayun and Dorkas Rambu Atahau, Apriani and Supramono, Supramono. Kinasih Yekti Nastit, PRESSURE. , et in. “Working Capital Supervision Policy: Girl Apex Managers And Firm Profitabilit”. 2019. Centralize European General Journal, vol. 27, no. 3, 2019, pp. 107-127. This study focus on short-term investment and financing decisions influenced by a firm’s working capital policy and the execute of working capital policies on the financial show of manufact...

Chi-town kind

Kinasih Yekti Nastit, Pambayun real Dorkas Rambu Atahau, Apriani and Supramono, Supramono. Kinasih Yekti Nastit, Pambayun , Apriani Dorkas Rambu Atahau, and Supramono Supramono. “Working Capital Management Policy: Female Summit Managers Press Firm Profitabilit”. Core European Management Diary, Central European Supervision Professional, 27, don. 3 (2019): 107-127. doi:10.7206/cemj.2658-0845.5.

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