Nexus between Working Capital Management & Firm Performance : Literature Review Analysis
The purpose of this paper is to examine the relationship between working capital efficiency and firm value and the influence of financing constraints on this relationship. The data from 1713 firms spanning a period of ten years (2006-2016) are used for this purpose and analysed using the Panel ordinary least square regression technique. The study finds that improvements in working capital efficiency through increment in working capital investment results in higher firm value. However, this relationship is influenced by the financing constraints faced by a firm. For financially constrained firms, the working capital efficiency significantly increases firm’s value but it is found to be insignificant for unconstrained firms. To my knowledge, this is the study on the value of working capital in India. Most studies on working capital valuation concentrate on firm’s profitability. Hence this study this study shows the relation between Working Capital Management and Firm’s Value
Year of publication: |
[2023]
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Authors: | Pandey, Anil Kumar |
Publisher: |
[S.l.] : SSRN |
Subject: | Unternehmenserfolg | Firm performance | Nettoumlaufvermögen | Working capital | Bibliometrie | Bibliometrics |
Description of contents: | Abstract [papers.ssrn.com] |
Saved in:
Extent: | 1 Online-Ressource |
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Type of publication: | Book / Working Paper |
Language: | English |
Notes: | Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments June 26, 2023 erstellt Volltext nicht verfügbar |
Source: | ECONIS - Online Catalogue of the ZBW |
Persistent link: https://www.econbiz.de/10014353766
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