Are working capital decisions truly short-term in nature?
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DOI: 10.1016/j.jbusres.2019.02.032
Abstract: Abstract We investigate the extent of short-term flexibility in firms' working capital management decisions. Contrary to the firms' perceived ability to frequently modulate their working capital allocations, we find systematic and persistence differences in working… read more here.
Keywords: capital decisions; capital; working capital; short term ... See more keywords
Working capital dynamics
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DOI: 10.1177/0312896220911440
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 mean reversion in firms’ working capital… read more here.
Keywords: capital allocations; working capital; capital; capital dynamics ... See more keywords