Working Capital and Financial Performance in the Energy Sector of Saudi Arabia: Moderating Role of Leverage
The current study examines the effect of working capital (measured in terms of current ratio) on firm performance in the listed firms of Saudi Arabian energy sector during the period starting from 2012 to 2019. A pooled and panel data model was used to analyze the extracted data. The findings indic...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
EconJournals
2023-05-01
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| Series: | International Journal of Energy Economics and Policy |
| Subjects: | |
| Online Access: | http://www.econjournals.com/index.php/ijeep/article/view/14254 |
| _version_ | 1797823512214241280 |
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| author | Abdul Rahman Shaik Anis Ali Ibtisam Dhuwayhi Alanazi |
| author_facet | Abdul Rahman Shaik Anis Ali Ibtisam Dhuwayhi Alanazi |
| author_sort | Abdul Rahman Shaik |
| collection | DOAJ |
| description |
The current study examines the effect of working capital (measured in terms of current ratio) on firm performance in the listed firms of Saudi Arabian energy sector during the period starting from 2012 to 2019. A pooled and panel data model was used to analyze the extracted data. The findings indicate that working capital has a considerable beneficial impact on company performance and that leverage has a significant negative impact. Even after moderating by an interaction variable, working capital still has a substantial negative influence on corporate performance.
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| first_indexed | 2024-03-13T10:24:05Z |
| format | Article |
| id | doaj.art-baa350e2f2c94293a837ef424454a03a |
| institution | Directory Open Access Journal |
| issn | 2146-4553 |
| language | English |
| last_indexed | 2024-03-13T10:24:05Z |
| publishDate | 2023-05-01 |
| publisher | EconJournals |
| record_format | Article |
| series | International Journal of Energy Economics and Policy |
| spelling | doaj.art-baa350e2f2c94293a837ef424454a03a2023-05-19T14:31:37ZengEconJournalsInternational Journal of Energy Economics and Policy2146-45532023-05-0113310.32479/ijeep.14254Working Capital and Financial Performance in the Energy Sector of Saudi Arabia: Moderating Role of LeverageAbdul Rahman Shaik0Anis Ali1Ibtisam Dhuwayhi Alanazi2College of Business Administration, Prince Sattam Bin Abdulaziz University, Al Kharj, Saudi Arabia.College of Business Administration, Prince Sattam Bin Abdulaziz University, Al Kharj, Saudi ArabiaCollege of Business Administration, Prince Sattam Bin Abdulaziz University, Al Kharj, Saudi Arabia The current study examines the effect of working capital (measured in terms of current ratio) on firm performance in the listed firms of Saudi Arabian energy sector during the period starting from 2012 to 2019. A pooled and panel data model was used to analyze the extracted data. The findings indicate that working capital has a considerable beneficial impact on company performance and that leverage has a significant negative impact. Even after moderating by an interaction variable, working capital still has a substantial negative influence on corporate performance. http://www.econjournals.com/index.php/ijeep/article/view/14254Working capital, firm performance, leverage, moderation, energy sector |
| spellingShingle | Abdul Rahman Shaik Anis Ali Ibtisam Dhuwayhi Alanazi Working Capital and Financial Performance in the Energy Sector of Saudi Arabia: Moderating Role of Leverage International Journal of Energy Economics and Policy Working capital, firm performance, leverage, moderation, energy sector |
| title | Working Capital and Financial Performance in the Energy Sector of Saudi Arabia: Moderating Role of Leverage |
| title_full | Working Capital and Financial Performance in the Energy Sector of Saudi Arabia: Moderating Role of Leverage |
| title_fullStr | Working Capital and Financial Performance in the Energy Sector of Saudi Arabia: Moderating Role of Leverage |
| title_full_unstemmed | Working Capital and Financial Performance in the Energy Sector of Saudi Arabia: Moderating Role of Leverage |
| title_short | Working Capital and Financial Performance in the Energy Sector of Saudi Arabia: Moderating Role of Leverage |
| title_sort | working capital and financial performance in the energy sector of saudi arabia moderating role of leverage |
| topic | Working capital, firm performance, leverage, moderation, energy sector |
| url | http://www.econjournals.com/index.php/ijeep/article/view/14254 |
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