Wang, Yanchao; Ji, Yu; Chen, Xu; Song, Chunlei - In: China journal of accounting research : CJAR 7 (2014) 4, pp. 263-276
inflation. At the microlevel, the operating cycle, which indicates the speed and turnover of corporate cash flow, also … reversed when the CPI reaches a certain level. There is also a U-shaped relationship between operating cycle and cash holdings …