Cash conversion cycle and aggregate stock returns
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DOI: 10.1016/j.finmar.2020.100560
Abstract: Abstract In this paper, we empirically evaluate U.S. market return predictability based on an aggregate measure constructed from the bottom-up firm-level cash conversion cycle (CCC) for 1976–2018. We show that in sharp contrast to previous… read more here.
Keywords: conversion cycle; cash; aggregate; cash conversion ... See more keywords