This study employs machine learning and explainable artificial intelligence to examine the impact of working capital strategies - aggressive, moderate, and conservative - on Tobin's Q and EBITDA (earnings before interest, taxes, depreciation, and amortization), identifying key financial...

Understanding how small firms adapt and adjust financially following exogenous shocks is crucial and acts as a harbinger of regional financial resilience levels. Therefore, it is important to determine what shape firms are in as they emerge from a shock such as the Covid-19 pandemic,...

This study aims to explore the vulnerability within the Czech automotive supply chain. To explore the vulnerability, analyses based on the comparison of both monetary and time-based characteristics, namely profitability, cash flow ratio, indebtedness, and cash conversion cycle, respectively,...

The survival of a company is highly dependent on the management of its working capital. Effective working capital management can lead to greater profitability. Insufficient working capital or liquidity shortages can severely hinder profitability and operational sustainability. The primary...

The purpose of the study is to examine the impact of working capital management and credit man- agement policies on the financial performance of banks in Kosovo. It is based on panel data obtained from the financial statements of commercial banks for the period of 2013-2022. The data is analyzed...

This paper investigates the macroeconomic determinants influencing the demand and value of working capital loans among micro-enterprises across five economic sectors in Poland. The main aim is to understand how various economic conditions affect the borrowing behaviour of micro-enterprises...

Economic uncertainty has been increasing, as evidenced by recent fluctuations in global markets and unpredictable economic indicators such as volatile demand, stock market fluctuations, and unpredictable interest rates. Economic profitability and working capital efficiency are pivotal indicators...

This paper explores the relationship between working capital management (WCM) strategies and business performance during the COVID-19 crisis. Data from 1,067 non-financial European firms from 33 countries distributed across 6 economic sectors in the period from 2015 to 2021, feed Ordinary Least...

The literature on working capital management (WCM) provides mixed evidence on the effect of working capital on firm profitability and performance. We use firms from developed and emerging economies to explore how working capital and its components relate to firms' performance while controlling...

The present study aims to investigate the impact of the COVID-19 crisis and firm risk on working capital management policies among manufacturing firms listed on the Tehran Stock Exchange (TSE). The study sample consists of 1200 observations and 200 companies listed on the TSE over a six-year...

Working capital management is critical because it affects a company's profitability, liquidity, and investment decisions, all of which have an impact on financial performance. As a result, effective and efficient working capital management is an essential component for commercial and service...

Throughout history, the analysis of companies' financial structure has been approached from different angles, with different areas of the overall financial situation being separated and studied independently in order to improve understanding. Within the framework of short-cycle analysis and,...

This study aims to investigate the effects of financial bootstrapping and government support on working capital, as well as the moderating role of entrepreneurial orientation towards the impact of working capital on financial performance. The study was conducted on 260 MSME owners in the food...

The success of agricultural Small and Medium Enterprises (agri-SMEs), among other factors, heavily relies on their ability to manage finances effectively. This study examined the extent to which agricultural SMEs in Tanzania practice financial management activities. The study employed a...

This study explores the impact of adopting the quality management system according to the International Standardization for Organizations (ISO) standards called ISO 9001 on firms' working capital management efficiency (WCME). This study analyzes Small- and Medium-Sized Enterprises (SMEs) in the...

Working capital management is an important fnancial management decision for the proftability of commercial banks. The purpose of this study is to examine the impact of working capital management on commercial banks' proftability. The study used secondary data from audited fnancial statements of...

This study examined the relationship between working capital management and the profitability of small and medium enterprises (SMEs) in the shipping industry, particularly during crises and geopolitical uncertainty, as well as the moderating effects of firm-specific characteristics and...

The current situation of slower economic growth is leading to a more difficult access to funds and unpredictable payment behaviour of customers, which predetermines growing importance of working capital management. The aim of the present article is to examine the effects of working capital...

The present study is entitled “A comparative review on working capital management of selected food & beverages companies in the Indian Context”. Working capital works as a gadget in the financial decision. Without having insufficient working capital, no one can run their business empower...

Working capital management is always crucial in any business. Efficiency of working capital is determined based various tools used by the companies. However in practice, companies do follow different tools to reduce working capital which is directly impacting profitability of the company....

Working capital management (WCM) is a key factor in the success of manufacturing companies when credit is restricted, as is the case in the current climate caused by the COVID-19 crisis. The main purpose of this paper is to investigate the relationship between working capital management,...

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...

This research examines the influence of firms’ innovation activities on the efficiency of their working capital management (WCM). We have used R&D expenditure to represent innovation. The cash conversion cycle (CCC), inventory days (IND), accounts receivable days (ARD), and accounts payable...

The aim of this study is to investigate the effect that firm level working capital strategy on accounts receivable had on working capital related financial difficulties during the Covid-19 pandemic in a sample of Finnish SMEs. We are able to identify the firms with Covid -19 induced financial...

This study examines the impact of CSR regulation on the working capital management of Indian firms using the 2% mandatory CSR spending regulation implemented in India in 2015 as a quasi-natural experiment setup. Using the cash conversion cycle (CC_Cycle) as a proxy to measure working capital...

Aim: The main aim of this article is to examine the impact of financial leverage on firm profitability and working capital management of Asia-Pacific (APAC) firms listed in the United States and the United Kingdom. Design / Research methods: The regression analyses are conducted with panel data...

This paper presents a "time-to-build" theory of supply chains which implies a key role for the financing of working capital as a determinant of supply chain length. We apply our theory to offshoring and trade, where firms strike a balance between the productivity gain due to offshoring against...

This paper examines whether and to what extent exposure to climate risk affects the deployment of corporate resources to working capital. Using a large sample of listed US firms, we find that exposure to climate risk is negatively associated with working capital. This effect is accentuated in...