The impact of the corona epidemic on working capital management for jordanian companies listed on the amman stock exchange
The purpose of this study is to examine how the COVID-19 epidemic has affected the working capital management practices of Amman Stock Exchange (ASE) companies. From 2012 to 2021, 101 firms were studied in the financial sector. The data was also examined using a Multiple Regression Model in the stud...
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| Format: | Article |
| Language: | English |
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Taylor & Francis Group
2022-12-01
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| Series: | Cogent Economics & Finance |
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| Online Access: | https://www.tandfonline.com/doi/10.1080/23322039.2022.2157541 |
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| author | Yaser Mohd Hamshari Mohammad Ahmad Alqam Haitham Yousef Ali |
| author_facet | Yaser Mohd Hamshari Mohammad Ahmad Alqam Haitham Yousef Ali |
| author_sort | Yaser Mohd Hamshari |
| collection | DOAJ |
| description | The purpose of this study is to examine how the COVID-19 epidemic has affected the working capital management practices of Amman Stock Exchange (ASE) companies. From 2012 to 2021, 101 firms were studied in the financial sector. The data was also examined using a Multiple Regression Model in the study. The results revealed that Covid-19 Pandemic has significant and negative effect on working capital management. According to the results, companies tended to take a relatively conservative approach to managing their working capital. More importantly, the data demonstrated that the COVID-19 pandemic crisis drove changes in working capital management practices. Companies with a high FL, QR, and CCC have attempted to increase their client base by prolonging the average age of their accounts receivable and decreasing the turnover rate of their liabilities, respectively. Companies with a greater CCC, as well as those whose principal current assets are accounts receivable, outperformed the other working capital management strategies. |
| format | Article |
| id | doaj-art-d7d7cd228c2548c0a3a981660b9626d3 |
| institution | OA Journals |
| issn | 2332-2039 |
| language | English |
| publishDate | 2022-12-01 |
| publisher | Taylor & Francis Group |
| record_format | Article |
| series | Cogent Economics & Finance |
| spelling | doaj-art-d7d7cd228c2548c0a3a981660b9626d32025-08-20T02:16:46ZengTaylor & Francis GroupCogent Economics & Finance2332-20392022-12-0110110.1080/23322039.2022.2157541The impact of the corona epidemic on working capital management for jordanian companies listed on the amman stock exchangeYaser Mohd Hamshari0Mohammad Ahmad Alqam1Haitham Yousef Ali2College of Administrative and Financial Sciences Accounting Department, University of Petra- Box 961343 Amman 11196 – JordanCollege of Administrative and Financial Sciences Accounting Department, University of Petra- Box 961343 Amman 11196 – JordanCollege of Administrative and Financial Sciences Accounting Department, University of Petra- Box 961343 Amman 11196 – JordanThe purpose of this study is to examine how the COVID-19 epidemic has affected the working capital management practices of Amman Stock Exchange (ASE) companies. From 2012 to 2021, 101 firms were studied in the financial sector. The data was also examined using a Multiple Regression Model in the study. The results revealed that Covid-19 Pandemic has significant and negative effect on working capital management. According to the results, companies tended to take a relatively conservative approach to managing their working capital. More importantly, the data demonstrated that the COVID-19 pandemic crisis drove changes in working capital management practices. Companies with a high FL, QR, and CCC have attempted to increase their client base by prolonging the average age of their accounts receivable and decreasing the turnover rate of their liabilities, respectively. Companies with a greater CCC, as well as those whose principal current assets are accounts receivable, outperformed the other working capital management strategies.https://www.tandfonline.com/doi/10.1080/23322039.2022.2157541Amman Stock ExchangeCOVID-19 epidemicmultiple regression modelworking capital management |
| spellingShingle | Yaser Mohd Hamshari Mohammad Ahmad Alqam Haitham Yousef Ali The impact of the corona epidemic on working capital management for jordanian companies listed on the amman stock exchange Cogent Economics & Finance Amman Stock Exchange COVID-19 epidemic multiple regression model working capital management |
| title | The impact of the corona epidemic on working capital management for jordanian companies listed on the amman stock exchange |
| title_full | The impact of the corona epidemic on working capital management for jordanian companies listed on the amman stock exchange |
| title_fullStr | The impact of the corona epidemic on working capital management for jordanian companies listed on the amman stock exchange |
| title_full_unstemmed | The impact of the corona epidemic on working capital management for jordanian companies listed on the amman stock exchange |
| title_short | The impact of the corona epidemic on working capital management for jordanian companies listed on the amman stock exchange |
| title_sort | impact of the corona epidemic on working capital management for jordanian companies listed on the amman stock exchange |
| topic | Amman Stock Exchange COVID-19 epidemic multiple regression model working capital management |
| url | https://www.tandfonline.com/doi/10.1080/23322039.2022.2157541 |
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