..., reduced legal exposure, and more efficient working capital management, along with an increased reliance on trade credit. Importantly, we also find that PML laws are associated with greater investment in research and development and brand capital, suggesting that such policies may foster a longer-term...

... trust on short-term financial policies of SMEs, namely working capital management and cash holdings. Design/methodology/approach We rely on a sample of 14,711 privately owned medium-sized manufacturing firms from 26 European countries with a sample period between 2014 and 2020. For estimation, we...

..., the final sample comprises 85,356 firm-year observations of 9,611 unique firms. To further mitigate the effect of outliers, the key variables are winsorized at 1% level on both tails. Table 1 illustrates the sample selection method. Working capital management Product market fluidity Cash conversion...

...), days sales inventory (DSI) and days payable outstanding (DPO) for working capital management (WCM). The empirical analysis is conducted using both ordinary least squares (OLS) and propensity score matching (PSM) regressions. Findings The authors find that firms respond to the higher utility costs...

...Fahmida Laghari; Ye Chengang Purpose The purpose of this paper is to investigate the relationship between working capital management and corporate performance with financial constraints. Design/methodology/approach This study uses large panel sample of Chinese listed firms over the period 2005...

...Ben Le Purpose The purpose of this paper is to examine the effects of working capital management on firm valuation, profitability and risk. Design/methodology/approach The paper uses a panel data set of 497 firms covering the period 2007 to 2016. The authors test the effects of working capital...

... at: amrelnahas@foc.cu.edu.eg 30 09 2017 24 02 2018 27 04 2018 08 05 2018 10 05 2018 © Emerald Publishing Limited 2019 Emerald Publishing Limited Licensed re-use rights only Egypt Panel data GMM Working capital management Cash conversion cycle Firms have...

...Hakim Lyngstadaas; Terje Berg Purpose – The purpose of this paper is to provide empirical evidence of whether working capital management (WCM) has an effect on the profitability of small- and medium-sized Norwegian firms. Design/methodology/approach – The data comprise 21,075 Norwegian...

...Anna-Maria Talonpoika; Timo Kärri; Miia Pirttilä; Sari Monto Purpose – The purpose of this paper is to develop strategies for financial working capital management and to present previous literature on financial working capital management and its measures. Design/methodology/approach...

...Maria Amélia Pais; Paulo Miguel Gama Purpose – The purpose of this paper is to provide empirical evidence on the effects of working capital management on the profitability of small and medium-sized Portuguese firms. Design/methodology/approach – Panel regressions (fixed effects...

...” (Bender and Ward, 2009, Chap. 19, p. 325). Unfortunately, while finance magazines and online newsletters, such as CFO Magazine and gtnews (www.gtnews.com), offer ample focus on working capital management issues, there is still a lack of importance given to this issue academically...

..., and industry affiliation significantly affect firm profitability. These findings imply that managers could increase firm profitability by improving their working capital management. Research limitations/implications – The present study is limited to a sample of Swedish SMEs in four industries; further...

...Bana Abuzayed Purpose The purpose of this paper is to examine the effect of working capital management on firms’ performance for a sample of firms listed on a small emerging market, namely Amman Stock Exchange. Design/methodology/approach The paper includes a conceptual as well as empirical...