Liquidity management, operating performance, and corporate value: evidence from Japan and Taiwan

By Yung-Jang Wang. 2002

460 citations recorded by the source corpus.

Subfields: Accounting, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/35fe680b66b59801a26bffcc1618e280a73a2644

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Citations in the corpus

The impact of cash conversion cycle on firm profitability: An empirical study based on Swedish data (2014, background): “Reducing the accounts receivable period, combined with lower inventory and extended supplier credit terms, leads to a shorter CCC, and working capital policy including a shorter CCC and a lower capital level may improve profitability (Wang, 2002; Ebben and Johnson, 2011).”
A review of trade credit literature: Opportunities for research in operations (2013, background): “The finance literature has tackled these decision problems primarily by correlating measures of working capital managemen t with measures of firm profitability (Soenen, 1993; Shin and Soenen, 1998; Fisman, 2001; Wang, 2001; Deloof, 2003; Cull et al., 2007; García-Teruel and MartínezSolano, 2007 ).”
Cash conversion cycle and corporate performance: Global evidence (2018, methodology): “According to Petersen and Rajan (1997), Shin and Soenen (1998), Opler, Pinkowitz, Stulz, and M AN US CR IP T AC CE PT ED 5 Williamson (1999), Wang (2002), Chiou, Cheng, and Wu (2006), Bates, Kahle, and Stulz (2009), and Baños-Caballero et al. (2010), a firm’s profitability and value also influence…”
Supply chain finance, financial constraints and corporate performance: An explorative network analysis and future research agenda (2019, background): “Similarly, Wang (2002) found a negative association between WCM and the CCC of firms operating in Japan and Taiwan.”
The Interplay between Working Capital Management and a Firm’s Financial Performance across the Corporate Life Cycle (2020, background): “Keeping in view, the optimal management of all these components is considered to have an influence on the profitability [10,11], risk [12], liquidity [5], solvency [6], and value of a firm [13,14].”
Working capital management and firm profitability (2013, result): “With respect to overall results, Table 1 reveals that the early studies by Jose et al. (1996), Shin and Soenen (1998), and Wang (2002) report a significantly negative association between working capital management and firm profitability.”
Effect of Working Capital Management on Firm Profitability (2011, background): “Wang (2002) examined the relationship between liquidity management and operating performance, and that between liquidity management and corporate value for firms in Japan and Taiwan.”
Working Capital Management and Corporate Profitability: Evidence from Iran (2011, background): “The results of his caused share holding Price decrease according to the research showed that there is working capital management accomplished survey [9].”
Working capital management, corporate performance, and financial constraints (2014, background): “In this line, Wang (2002) finds that firms from Japan and Taiwan with higher values hold a significantly lower investment in working capital than firms with lower values.”
How does working capital management affect the profitability of Spanish SMEs? (2012, background): “Firstly, most previous studies have basically focused on large firms (Jose et al. 1996; Shin and Soenen 1998; Wang 2002; Deloof 2003).”
The Impact of Working Capital Management on Firm Profitability in Different Business Cycles: Evidence from Finland (2014, methodology): “Consequently many other recent studies have adopted the CCC (see e.g., Wang 2002; Deloof 2003; Lazardis and Tryfonidis 2006; GarciaTeruel & Martinez-Solano 2007 and Gill et al. 2010).”