Candeias, Teresa; Dias, Diana - In: Administrative Sciences : open access journal 13 (2023) 8, pp. 1-17
-The results suggest a positive relationship between the cash conversion cycle and the profitability of winery firms. Thus, an … increase in the cash conversion cycle seems to increase wine companies' profitability. Thus, managers can generate shareholder … value by increasing the cash conversion cycle to a reasonable level. Regarding days of payable outstanding, there is a …