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Table 2. Correlation matrix between variables. Source: Financial statements of sample firm (STATA output).

Table 2 Correlation matrix between variables. Source: Financial statements of sample firm (STATA output).

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Table 1. descriptive statistics of all variables. Where; NWC-TA is net working capital deflated by total sset. & is constant term of the model, CCC is cash conversion ycle, OCF-TA is operating cash flow deflated by total asset, N FS is Natural log of total assets as proxy for the size of rm, Lev is Leverage as measured by debt to total assets ratio f firm, ROA is Return on assets for firm, GR is Growth of the rm, RGDPGR is the real gross domestic product growth rate, NR is inflation rate and € is the error term.
Table 1. descriptive statistics of all variables. Where; NWC-TA is net working capital deflated by total sset. & is constant term of the model, CCC is cash conversion ycle, OCF-TA is operating cash flow deflated by total asset, N FS is Natural log of total assets as proxy for the size of rm, Lev is Leverage as measured by debt to total assets ratio f firm, ROA is Return on assets for firm, GR is Growth of the rm, RGDPGR is the real gross domestic product growth rate, NR is inflation rate and € is the error term.
Source: Financial statements of sample firms (Stata output).
Source: Financial statements of sample firms (Stata output).
Table 3. Regression result.
Table 3. Regression result.
Related topics:
BusinessCash Conversion Cyclereturn on capital employed
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