Corporate Governance and Cash Conversion Cycle: Evidence from Listed Companies in Sri Lanka

Asian Economic and Financial Review

关键词: Corporate governance;    Working capital management;    Cash conversion cycle;    Colombo stock exchange;    Board size;    Gender diversity;    CEO duality;    Board composition;    Board meeting;   

学科分类：社会科学、人文和艺术（综合）

来源: Asian Economic and Social Society

【 摘 要 】

The purpose of this study is to examine the impact of corporate governance on cash conversion cycle of Sri Lankan listed companies. This study adopted a co-relational research design. A sample of 90 Sri Lankan companies listed on the Colombo Stock Exchange for a period of five years (from 2011/12?2015/16) was used. The findings show that large number of directors and independent directors on the board and more number of meetings in a year shorten the cash conversion cycle (CCC) of Sri Lankan listed companies. The study adds to the literature on the factors that shorten the CCC of the listed company and it may be useful for financial managers, business analyst, financial controller, operations managers, investors, financial management consultants and other stakeholders.

【 授权许可】

CC BY