...Darush Yazdanfar Purpose The purpose of this paper is to investigate the variables affecting firm profitability, applying the seemingly unrelated regression method to a large sample of approximately 87,000 observations covering 12,530 non‐financial micro firms operating in four industry sectors...

... analysis, in which data from a sample of listed firms for the period from 2000 to 2008 are analyzed to examine if more efficient working capital management improves firms’ accounting profitability and firms’ value. Cash conversion cycles as well as its components are used as measures of working capital...

...Donatien Hainaut Purpose The purpose of this paper is to propose a method to plan entry and exit times of a project delivering cash flows influenced by business cycles. In this setting, the profit yield by the project are driven by a geometric Brownian motion whose mean and variance switch between...

...Pedro Juan García‐Teruel; Pedro Martínez‐Solano Purpose The object of the research presented in this paper is to provide empirical evidence on the effects of working capital management on the profitability of a sample of small and medium‐sized Spanish firms. Design/methodology/approach...