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Contemporary Research on Management and Business
The purpose of this study involved investigating the impact of a firm's working capital management on performance and corporate investment using ROA and the amount of investment. The sample size included 205 non-financial firms listed on the Indonesia Stock Exchange market from 2010 to 2019. An asymmetric model was used to account for a non-linear relationship and allow for the positive and negative excess to be observed. The empirical results showed that underinvested (overinvested) firms thatdoi:10.1201/9781003295952-41 fatcat:eojvzickhbamjifq7s6gtrq43m