WORKING CAPITAL MANAGEMENT AND PERFORMANCE OF TELECOMMUNICATION COMPANIES IN ASEAN-4: THE ROLE OF FINANCIAL DEVELOPMENT.

This article analyzes the influence of internal and external factors on the performance of telecommunication companies in ASEAN-4 countries. The study finds that working capital management and financial development have a significant impact on company profitability. It suggests that telecommunication companies should consider both internal and external factors to improve performance. The study also provides implications for investors and governments in terms of analyzing investment targets and prioritizing financial development reforms. This document is a list of references and sources related to the topic of working capital management and its impact on firm performance, providing a valuable resource for research on this topic. [Extracted from the article]