Kumar, Kamlesh; Narayanasamy, Sivasankaran; … - 2023
Using 719 Indian listed firms for 11 years from 2012 to 2022, this study provides evidence that the speed of adjustment (SOA) is higher (lower) for the sample firms with below (above) median net trade cycle (NTC). Our findings are robust to the alternative measure of WCM efficiency in the Indian...