Purpose – This paper reports the results of an investigation of the relative importance of working capital management, measured by the cash conversion cycle (CCC), and its components (inventory, accounts receivable and accounts payable) to the profitability of SMEs. Design/methodology/approach...

This paper reports the results of an investigation of the effect of Working Capital Management (WCM) on the performance of listed Small and Medium Enterprises (SMEs). The study also examines whether the effect of WCM on performance differs between ‘small' and ‘medium' firms. The paper...

Purpose – This paper aims to report the results of an investigation of the relative importance of working capital management, measured by the cash conversion cycle (CCC), and its components (inventory, accounts receivable and accounts payable) to the profitability of SMEs....