Habib, Ashfaq; Khan, Muhammad Asif; Popp, József; … - In: Economies : open access journal 10 (2022) 3, pp. 1-13
positive operating capital in financially less-constrained firms significantly negatively influences the firm’s profitability …. Conversely, negative operating capital in financially constrained firms significantly positively influences the firm …’s profitability. Further, we find that financially less-constrained firms design an efficient level of operating capital by holding …