Abstract:There have been variations in working capital performance among firms and industries in various countries over the last decade. One of the causes of the variations is level of firm innovativeness. This study aims to examine the moderating role of firm innovativeness on the effect of working capital management on firm value between innovative and non-innovative firms in an emerging market. The study was carried out based on 400 listed firms in Bursa Malaysia for the period 2006-2015. By using a fixed regression estimation, the findings indicate that innovative firms have a better working capital performance than the non-innovative firms since they apply their innovative capabilities towards improving their working capital performance. This study suggests that firms need to align their innovative capabilities towards working capital management to improve firm value.

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There has been rapid expansion on the blue economy activities driven by the increase in the global population, technology, climate change, trade, and economic growth. However, developing economies such as Nigeria are still struggling with identifying the untapped opportunities and curbing the existing threats and challenges to achieve a sustainable blue economy. The attention of this review focuses on highlighting the opportunities and challenges of enterprise development in a BE, specifically in the context of a developing economy such as Nigeria. The aim of this review is to create more awareness on the opportunities and challenges facing enterprise development in BE in a developing economy and proffer basis for further research. This study recommends that Nigeria government should focus on creating home-grown innovation and improve governance in the economy to address the challenges crippling its BE to create and achieve a sustainable enterprise development.