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Keywords: Working capital
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Journal Articles
Journal:
Review of Corporate Finance
Review of Corporate Finance (2021) 1 (1-2): 43–80.
Published: 29 April 2021
...Nihat Aktas; Ettore Croci; Oguzhan Ozbas; Dimitris Petmezas Firms provide compensation incentives to executives, primarily in the form of bonus payments, to alleviate slack in the deployment of corporate resources to working capital. Financially constrained firms are heavy users of working capital...
