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Current Assets Management, Remuneration, and Operating Cash Flow of UAE Construction Companies

Author

Listed:
  • Haitham Nobanee
  • Mohammed Haitham A. Salman
  • Jaya Anitha Abraham

Abstract

This paper examines the effect of current assets management and remuneration on operating cash flow of construction firms listed in the United Arab Emirates stock market before and after the financial crises of 2008. The results present a negative and significant relationship between cash conversion cycle and operating cash flow for the full sample. The results also show a negative and significant relationship between the cash conversion cycle and operating cash flow of the firms during the crisis period. This indicated that the UAE construction companies were more efficient in managing their current assets during the crisis period.

Suggested Citation

  • Haitham Nobanee & Mohammed Haitham A. Salman & Jaya Anitha Abraham, 2021. "Current Assets Management, Remuneration, and Operating Cash Flow of UAE Construction Companies," International Journal of Financial Research, International Journal of Financial Research, Sciedu Press, vol. 12(3), pages 142-148, May.
    • Handle: RePEc:jfr:ijfr11:v:12:y:2021:i:3:p:142-148
    DOI: 10.5430/ijfr.v12n3p142
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    References listed on IDEAS

    as
    1. Mohammed Haitham A. Salman & Haitham Nobanee, 2019. "Recent Developments in Corporate Governance Codes in the GCC Region," Research in World Economy, Research in World Economy, Sciedu Press, vol. 10(3), pages 108-126, December.
    2. Jensen, Michael C. & Meckling, William H., 1976. "Theory of the firm: Managerial behavior, agency costs and ownership structure," Journal of Financial Economics, Elsevier, vol. 3(4), pages 305-360, October.
    3. Umar Nawaz Kayani & Tracy-Anne De Silva & Christopher Gan, 2019. "Working capital management and corporate governance: a new pathway for assessing firm performance," Applied Economics Letters, Taylor & Francis Journals, vol. 26(11), pages 938-942, June.
    4. Zanxin Wang & Minhas Akbar & Ahsan Akbar, 2020. "The Interplay between Working Capital Management and a Firm’s Financial Performance across the Corporate Life Cycle," Sustainability, MDPI, vol. 12(4), pages 1-16, February.
    5. Chul-Hwan Kim & Donggeun Kim, 2011. "Do capital inflows cause current account deficits?," Applied Economics Letters, Taylor & Francis Journals, vol. 18(5), pages 497-500.
    6. Haitham Nobanee & Modar Abdullatif & Maryam AlHajjar, 2011. "Cash conversion cycle and firm's performance of Japanese firms," Asian Review of Accounting, Emerald Group Publishing Limited, vol. 19(2), pages 147-156, July.
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