The Mediating Effect of Profitability on the Relationship Between Working Capital Management and Sustainable Growth

Abstract This study investigates the relationship between working capital management and sustainable growth, taking into account mediating role of profitability. The uses a sample non-financial companies that were listed on Thai Stock Exchange 2010 2020. documents absence direct growth using fixed effects regression models. Nonetheless, it is found profitability appears to be factor in this relationship. Companies can attempt minimize their cash conversion cycle enhance profitability, which will further help them raise growth. Furthermore, with higher operating flows those lower financial debt are able achieve Remarkably, shows large more profitable have than smaller ones.