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Title (Arabic)

أثـر الأدوات الداخلية لحوكمة الشركة على رأس المال الـعـامـل وانعكاسهما علـى القيـمـة الاقتصـادية المضـافـة: دراســة تطبيقيـة علـى عينــة مـــن الشـركــات الصنــاعــيــة المـدرجــة في بورصــة عـمّــان لــلأوراق المـالـيـة

DOI

10.33095/jeas.v19i73.1003

Abstract

Objective of this research focused on testing the impact of internal corporate governance instruments in the management of working capital and the reflection of each of them on the Firm performance. For this purpose, four main hypotheses was formulated, the first, pointed out its results to a significant effect for each of corporate major shareholders ownership and Board of Directors size on the net working capital and their association with a positive relation. The second, explained a significant effect of net working capital on the economic value added, and their link inverse relationship, while the third, explored a significant effect for each of the corporate major shareholders ownership and Board of Directors size on the economic value added. The fourth, revealed a significant effect of the internal instruments for corporate governance on the economic value added in light of the different net working capital.

Abstract (Arabic)

The primary objective of this research was to examine the impact of internal corporate governance mechanisms on working capital management and their subsequent reflection on corporate performance. To achieve this, four main hypotheses were formulated: the first indicated a statistically significant positive correlation between both concentrated ownership and board size with net working capital. The second hypothesis revealed a significant inverse relationship between net working capital and Economic Value Added (EVA). Meanwhile, the third hypothesis demonstrated that both concentrated ownership and board size exert a significant impact on Economic Value Added. Finally, the fourth hypothesis disclosed a significant influence of internal corporate governance tools on Economic Value Added, contingent upon variations in net working capital.

First Page

166

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