Enqvist, Julius; Graham, Michael; Nikkinen, Jussi - In: Research in International Business and Finance 32 (2014) C, pp. 36-49
The recent economic downturn of 2007–2008 has brought renewed focus on working capital policies. In this paper we 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...
