Working capital management, corporate performance, and financial constraints
By Sonia Baños-Caballero, Pedro J. García-Teruel, P. Martínez‐Solano. 2014
578 citations recorded by the source corpus.
Subfields: Accounting
View Paper: https://www.semanticscholar.org/paper/0906d2fc80e3ff477c28934e76dd215af0770edc
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Citations in the corpus
- Supply chain finance, financial constraints and corporate performance: An explorative network analysis and future research agenda (2019, background): “…literature, and its authors have mainly addressed three issues.1 One group of scholars has analyzed the practices and strategies companies use to manage their working capital, mainly by means of large surveys and questionnaires (Belt and Smith, 1991; Khoury et al., 1999; Ricci and Morrison, 1996).”
- Cash Conversion Cycle and Value-Enhancing Operations: Theory and Evidence for a Free Lunch (2017, background): “Studies of the actions that firms actually take to manage their CCCs are scarce, although some authors provide indirect evidence that improving operations enhances working capital investments (Gardner et al. 1986; García-Teruel and Martinez-Solano 2007; Baños-Caballero et al. 2010, 2012, 2014).”
- The Interplay between Working Capital Management and a Firm’s Financial Performance across the Corporate Life Cycle (2020, background): “[30] revealed that for each firm there exist an optimal level of WC and up till that optimal level investment in WC earns higher profitability.”
- Working capital level influence on SME profitability (2016, unknown): “On the other hand, minimising the investment in working capital may result in higher profitability (Deloof, 2003; Banos-Caballero et al., 2014) because of lack of finance in general and the expensive nature of external finance in particular (Banos-Caballero et al.”
- Is working capital management value-enhancing? Evidence from firm performance and investments (2015, unknown): “The median firm has a 1-year excess stock return of –11.86%, while the mean excess return is –2.82%, consistent with the distribution of excess stock returns being positively skewed (see, e.g., Barber and Lyon, 1997).”