The Impact of Working Capital Management on the Profitability of the Listed Real Estate Companies in Vietnam

Working capital management plays an important role in the success of the business as it affects profitability and liquidity. Especially in real estate businesses, when the capital of the business mainly invested in inventory and financing of the receivables. This study is concerned with the impact of working capital management on the profitability of Vietnamese real estate firms, period (2011 - 2018). Research results show that real estate businesses need to effectively manage receivables, quickly re-invest cash from activities in new inventory assets in order to limit the downsizing in the future, contribute to increasing corporate profits. In addition, the study also found that firm size and financial leverage have a positive impact on profitability.