Companies can use working capital management as an approach to influence their profitability. This paper studies the impact of working capital management and its components upon the profitability of European companies. Cash Conversion Cycle is used as a comprehensive measure for working capital...

This paper analyzes whether workplace employee representation (ER) affects the design of firm hierarchies. We rationalize the role of ER within a knowledge-based model of hierarchies, where the firm's choice of hierarchical layers depends on the trade-off between communication and knowledge...