profitability. The results suggest that in order to increase profitability managers from Romanian publicly companies could increase … profitability by reducing the number of days cash conversion cycle and, as second result, companies do not hold too much cash. …

examine the role of business cycles on the working capital–profitability relationship using a sample of Finnish listed … companies over an 18-year period. We find the impact of business cycle on the working capital–profitability relationship is more …

assesses the impact of this policy on profitability by focusing on the cash conversion cycle, a commonly used measure of … cycle has a relatively stronger (negative) impact on operating profitability for private, compared to public firms. This is …

. This study investigates the relationship between aggressive/conservative working capital practices and profitability as … 2004-2008. The results indicate a negative relationship between profitability measures and working capital aggressiveness …

This paper presents the problem of working capital management, profitability and risk represented by working capital … the profitability and risk connected to the liquidity. On the other hand we can expect that the lower the working capital … level and hence the liquidity the higher the profitability and risk., The author decided to test companies listed on the …