Working Capital Management in Malaysian Government-linked Companies☆

Abstract The purpose of this paper is to examine the influence of working capital management of the government-linked companies on their financial performance. Excluding financial institutions, all government-linked companies listed in Bursa Malaysia were analysed, covering the period from 2003 to 2014. The results provide mixed findings depending on the measure used for the profitability. The results provide useful inputs to the government, particularly the policy makers in enhancing the efficiency of the government-linked companies.