| dc.description.abstract | This paper mainly discusses the impact of Islamic doctrine, corporate governance and working capital management on company value, and conducts empirical analysis based on the sample of Indonesian companies from 2012 to 2017. This article starts from the influence of Islamic religion on corporate governance behavior and the efficiency of working capital management, and discusses how to implement Islamic doctrine in managerial behavior and in company value. This paper deduces four research hypotheses from the purpose and practice of Islamic doctrine. The companies that follow the Islamic doctrines have lower working capital management efficiency. For companies that follow Islamic doctrines, the larger the board of directors, the lower the efficiency of working capital management. The company that follows Islam, the higher the proportion of independent directors, the higher the efficiency of working capital management, and the hypothesis that companies that follow Islamic doctrines, the higher the institutional investors′ holdings, and the higher the efficiency of working capital management. The empirical research in this paper finds that the management of working capital of Islamic Shariah is less efficient, while the corporate governance and working capital management are inconsistent with the past literature, which shows that the past literature is aimed at the management of Western Christianity, Catholicism and other religions. The conclusion cannot be applied to the mysterious Islam doctrine world. The results of this paper have made a significant contribution to the management of Islamic doctrines, that is, the feedback of the practice and management behavior of the doctrine, and there is still a considerable gap in the implementation of the company′s value. | en_US |