Using panel data from 118 firms across a time period of 17 years and a battery of tests, this paper examines two research questions that pertain to the expected gains stemming from corporate information liberalisation through the adoption of international accounting (financial reporting)...

Using panel data from 118 firms across a time period of 17 years and a battery of tests, this paper examines two research questions that pertain to the expected gains stemming from corporate information liberalisation through the adoption of international accounting (financial reporting)...

Working Capital is an important aspect of corporate financial management because it affects profitability, liquidity and firm value (Smith, 1973; Deloof, 2003; Nazir and Afza, 2008).For this reason, firms try to keep an optimal (desirable) level of working capital that maximizes their value. In essence,...