Baños-Caballero, Sonia; García-Teruel, Pedro J.; … - In: Business research quarterly : BRQ 23 (2020) 3, pp. 234-251
Here, we use a sample of firms from 30 countries during the period 1995-2013 to examine the relationship between net operating working capital (NWC) and firm value. Specifically, we show that the value of NWC varies across countries and that it depends on both investor protection and a country's...
