Title :
Notice of Retraction
An empirical analysis on the performance of working capital management of listed companies in China
Author_Institution :
Shanghai Lixin University of Commerce Shanghai, China, 201620
Abstract :
Notice of Retraction
After careful and considered review of the content of this paper by a duly constituted expert committee, this paper has been found to be in violation of IEEE´s Publication Principles.
We hereby retract the content of this paper. Reasonable effort should be made to remove all past references to this paper.
The presenting author of this paper has the option to appeal this decision by contacting TPII@ieee.org.
The paper applies descriptive statistics, pooled least squares, parametric and non-parametric test to systematically analyze the performance of working capital management of Chinese listed companies from 2000 to 2009. A significant difference in performance of working capital management is noticed between firms in difference industries and difference areas, which is mostly attributable to industry and area difference rather than difference in operational history. In general, 22.2% of the variance in cash conversion efficiency and 13.6% of the variance in days of working capital can be explained by industrial classification. Under the control of industry characteristics, 4% of the variance in cash conversion efficiency and 6% of the variance in days of working capital can be explained by area dummy variables.
Keywords :
Companies; Financial management; Indexes; Industries; Least squares approximation; Marketing and sales; Area; Cash Conversion Efficiency; Days of Working Capital; Industry; Working Capital Management;
Conference_Titel :
E -Business and E -Government (ICEE), 2011 International Conference on
Conference_Location :
Shanghai, China
Print_ISBN :
978-1-4244-8691-5
DOI :
10.1109/ICEBEG.2011.5876671
