Jaworski, Jacek; Czerwonka, Leszek - In: Journal of business economics and management 23 (2022) 1, pp. 180-198
cycle /CCC/, working capital value /WC/ and the financial liquidity /CR/) and profitability of companies listed on the … significant non-linear relationship between WC, CR and profitability. When WC and CR values grow, profitability increases, but at … a slower pace. However, there is a linear negative relationship between CCC and profitability. The results are …