Does Working Capital Management Affect Profitability of Belgian Firms

By M. Deloof. 2003

2,260 citations recorded by the source corpus.

Subfields: Accounting, Mechanical Engineering

View Paper: https://www.semanticscholar.org/paper/ba147e5f561ffe0fc29e64e53c7d85f5d9bc3056

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Citations in the corpus

Working capital management in SMEs (2010, positive): “To measure working capital management, previous studies have used measures based on the Cash Conversion Cycle (CCC) (Soenen, 1993; Deloof, 2003; Padachi, 2006; Garcia-Teruel and Martinez-Solano, 2007a).”
Performance and size: empirical evidence from Portuguese SMEs (2008, background): “Various arguments point to higher levels of company liquidity contributing to increased performance: greater liquidity allows greater capacity to face changes of a competitive nature in the markets companies operate in (Goddard et al. 2005); companies with higher levels of liquidity will find it eas”
Is working capital management value-enhancing? Evidence from firm performance and investments (2015, positive): “Deloof (2003) analyze a sample of Belgian firms and report a negative linear contemporaneous relation between NWC and operating performance, with the result being only significant in a specification without firm fixed effects.”
THE RELATIONSHIP BETWEEN WORKING CAPITAL MANAGEMENT AND PROFITABILITY: A VIETNAM CASE (2010, methodology): “Deloof (2003) investigated the relationship between working capital management and corporate profitability for a sample of 1,009 large Belgian non-financial firms for the 1992-1996 periods.”
Profitability in Portuguese service industries: a panel data approach (2009, background): “…industries with higher levels of tangible assets, more inclined to innovation and projects for improving human capital (Griliches & Lichtenberg, 1984; Nucci et al., 2005) and with greater possibilities to take advantage of long-term investment opportunities (Deloof, 2003), are more profitable.”
Working capital level influence on SME profitability (2016, positive): “Both high and low levels of WCM have benefits and costs to firms (Deloof, 2003; Banos-Caballero et al., 2012; Tauringana and Afrifa, 2013), meaning an optimal working capital level may exist at which the profitability of the firm is maximised (Banos-Caballero et al., 2012).”
Working Capital Management and Firm Profitability : Empirical Evidence from Manufacturing and Construction Firms Listed on Nairobi S ecurities Exchange, Kenya (2013, background): “The reason for choosing these variables is that most of researchers (Deloof, 2003; Garcia-Teruel & Martinez-Solano, 2007; Jose et al., 1996; Nazir & Afza, 2009; Raheman & Nasr, 2007; Huang et al. (2009); and Shin & Soenen, 1998) have used these to calculate the relationship between WCM and profitabi”
Cash Flow Management and Manufacturing Firm Financial Performance: A Longitudinal Perspective (2014, methodology): “Finally, there is a question of endogeneity regarding whether a firm’s cash flow management strategy impacts the firm’s performance or whether the cash flow positions are a byproduct of a firm’s performance (Deloof, 2003).”
AFFECTS OF WORKING CAPITAL MANAGEMENT ON FIRM’S PERFORMANCE: EVIDENCE FROM TURKEY (2012, methodology): “Return on assets (ROA) or return on equity (ROE) is not considered as a measure of profitability in this study because when a firm has mainly financial assets on its balance sheet, its operating activities will contribute little to the overall return on assets (Deloof, 2003).”
The Determinants of Profitability in Listed Enterprises: A Study from Vietnamese Stock Exchange (2020, background): “The studies of Deloof (2003), Nickell and Nicolitsas (1999), Pattitoni, Petracci, and Spisni (2014), Serrasqueiro and Nunes (2008) all have the same idea of the positive correlation between the liquidity and the profitability of enterprises.”
The cash conversion cycle spread (2019, background): “All of these correlations are consistent with the previous studies that find that firms with shorter CCC perform better (Shin and Soenen, 1998, and Deloof, 2003).”
Effects of Working Capital Management on SME Profitability (2007, background): “that, unlike the previous studies by Shin and Soenen (1998) and Deloof (2003), in the”