This study examines the effects of working capital management on financial performance of construction companies listed in Bursa Malaysia for the period of 2012 to 2016. The findings show that only a shortening collection period and a positive working capital are significant to improve financial performance of local construction firms. An effective working capital management however does not contribute significantly to operating cash flow and share price of construction firms in Malaysia. The findings of this study suggest the management of account receivable is the most critical factor to improve financial performance for the local construction firms...

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The main purpose of this study is to examine the existence of cycle relationship between ESG disclosure and financial performance of listed companies in Malaysia, Singapore and Thailand. The secondary data of total 140 companies was extracted from Bloomberg database for period 2011 to 2016. The ESG disclosure of corporate is represented by ESG disclosure score, while earnings per share (EPS) is used to measure the corporate financial performance (CFP). Two years lag effect was assumed in this study to test how CFP in period 1 (2011-2012) influences ESG disclosure score in period 2 (2012-2014), and how period 2 ESG disclosure score affects the subsequent CFP, which is defined as CFP in period 3 (2015-2016). The empirical results of this study found significant positive (negative) cyclic relationship for Malaysian (Singaporean) companies, while no significant cyclic relationship is found for companies in Thailand. The findings suggest that only Malaysian companies gain the financial appr.....

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