Anagnostopoulou, Seraina - In: Multinational Finance Journal 16 (2012) 3-4, pp. 261-301
assesses the impact of this policy on profitability by focusing on the cash conversion cycle, a commonly used measure of … fundamental characteristics, allowing only for their listing status to differ. Results further indicate that the cash conversion … cycle has a relatively stronger (negative) impact on operating profitability for private, compared to public firms. This is …