Is working capital management value-enhancing? Evidence from firm performance and investments

Abstract

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The Information Content of Short Selling Around Close Supply Chain Relationships

“…Although several studies examine the determinants of firms' reliance on trade credit from a supply and demand (accounts receivable and accounts payable) perspective, the information content of supply chain alliances to the capital market remains mostly unexplored. 1 Aktas, Croci and Petmezas (2015) show that firms in close supply chain relationships should take measures, such as decreasing cash tied up in working capital, to improve firm performance. Our results corroborate their analyses.…”

Comparative analysis of methods and sources of financing of the transport organizations activity

“…Since investments in the transport sector are long-term, the incentives to invest depend on the profit margin and payoff period. For a further understanding of the essence of the problems of making investment decisions, it is useful to analyze in this light the generalized impersonal point of view of the transport industry organizations, which scientifically is aggregated and analyzed through expert surveys [3].…”

Volume 13 Issue 10 Complete Issue

“…As one of the crucial parts of enterprise financial decision-making (Aktas et al, 2015), working management decision may be mostly influenced by accounting policies and knowledge management. Since 1930s, along with ever-changing global economic situations as well as intensified market competition, working capital management has increasingly drawn wide attention from the theoretical circle and the practical circle.…”

“…Highly efficacious working capital management decisions are of great value relevance. A company is endowed with much better profitability, stock performance, and business performance if its working capital management decisions converge to the optimum value (Hassan, 2011;Baños-Caballero, 2014;Aktas et al, 2015;Mun & Jang, 2015).…”