... privately held medium-sized manufacturing firms from 26 European countries between 2015 and 2020 and rely on logistic regression methods controlling for firm-specific and macroeconomic factors. Findings We show that societal trust decreases the odds of being a zero-leverage or almost zero-leverage firm...

...Himanshu Seth; Deepak Deepak; Namita Ruparel; Saurabh Chadha; Shivi Agarwal Purpose This study aims to assess the efficiency of managing working capital in 1,388 Indian manufacturing firms from 2008 to 2019 and investigate the effects of firm-specific and macro-level determinants on working...

...Himanshu Seth; Saurabh Chadha; Namita Ruparel; Puneet Kumar Arora; Satyendra Kumar Sharma Purpose The purpose of this paper is to empirically investigate the relationship between working capital management (WCM) efficiency and exogenous variables of the Indian manufacturing sector along with its...