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Journal ArticleDOI

Working capital dynamics

TLDR
In this paper, the authors assess short run variations in firms' working capital allocations in light of finding persistence in these allocations in the recent literature and study the extent and speed of me...
Abstract
We assess short-run variations in firms’ working capital allocations in light of finding persistence in these allocations in the recent literature. Specifically, we study the extent and speed of me...

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Journal ArticleDOI

Working capital allocations and productivity: empirical issues and role of asset utilization

TL;DR: In this paper, the authors use a multivariate framework to draw inferences from the marginal impact of working capital and its components on firm value while controlling for asset utilization, and find that, after accounting for asset utilisation, the marginal impacts of working assets and their components on the firm value is quite weak.
Journal ArticleDOI

Does group affiliation impact financial constraints? Evidence from India

TL;DR: In this paper , the authors investigated the impact of working capital level on firm values and risks between group affiliated and standalone firms, and found that standalone firms are more financially constrained than group affiliated firms.
Journal ArticleDOI

Uncertainty in Working Capital Management and Firm Performance: A COVID-19 Perspective

TL;DR: In this article , the impact of the COVID-19 pandemic on firms' working capital management (WCM) and eventually, firms' performance of 4513 China and 1049 United Kingdom (UK) publicly listed firms was examined.
References
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Journal Article

Stock-Outs Cause Walkouts

TL;DR: A study of more than 600 retail outlets found that stock-out is far more costly than most companies imagine as mentioned in this paper, and stock-outs are far more expensive than most people imagine.
Journal ArticleDOI

Do Corporate Governance Mechanisms Matter for Cash Holdings and Firm Value

TL;DR: This article examined the relationship between firm-level corporate governance mechanisms and cash holdings; along with their combined effects on firm value for a sample of firms listed in Singapore and Malaysia, and found that firms with less effective governance attributes are found to be more inclined to accumulate cash than those with more effective governance.
Journal ArticleDOI

Trade Credit, Bank Credit and Financial Crisis*

TL;DR: This paper examined trade credit behavior in a sample of small and medium enterprises in four East Asian countries before and after the financial crisis of 1998 and found that firms constrained in bank finance receive less trade credit in terms of percent of inputs bought on credit and shorter time of repayment.
Posted Content

Industry influence on corporate working capital decisions

TL;DR: In this article, the authors provide evidence that corporate working capital decisions are affected by the industry/sector in which firms belong and demonstrate that these decisions are influenced by industry and sector characteristics.
Journal ArticleDOI

Explanators of Local Government Distress

TL;DR: In this paper, the authors developed a statistical model to explain sources of distress in local government and found that the degree of distress is positively associated with the size of the population they serve and the size and composition of their revenues.
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