تقييم أثر سياسات إدارة رأس المال العامل المغامرة على ربحية الشركة و قيمتها السوقية المضافة

Abstract EN

The present study investigates the impact of managing working capital policies on Firm’s profitability and its market value added.

Traditional profitability measures were used (ROI, ROE), in addition to (MVA) as one of modern accounting standards, to measure the impact of these policies.

The study found that Jordanian industrial companies tracking conservative investment policies in managing their current assets and balance it with aggressive financing policies.

The study also found, that there is statistically significant effect for each of the degree of aggressive investment policy and aggressive financing policy, on both (ROI, ROE), respectively, where the relationship between the degree of aggressive investment policy with (ROI) is inverse, while the relationship between the degree of aggressive financing policy with (ROE) is positive.

The results of (MVA) were in line of the accounting measures of profitability and produced similar results for working capital management policies.