Two Dimensional Analyses for the Company’s Profitability Under the Working Capital Management: Evidence From Egypt

Abstract

The current study focused on the impact of working capital management on the financial profitability of Egyptian companies which lasting at EGX according two dimensional analyses; these dimensional are real assets level measured according to "Return on Assets" with financial assets level measured according to "TOBIN Q" during 2011 to 2018 for 23 companies.The study used unbalanced panel data analysis to examining the impact of the working capital management on the profitability. Finally, the study found two dimensional for the impact of working capital management and corporate's profitability; first according to Cost-Benefits analysis at real assets level measured through "Return on Assets"; second according to Risk Return Trade Off at financial assets level measured through "TOBIN Q".