The development of working capital management and its impact on profitability and shareholder value: Evidence from Germany

The development of working capital management and its impact on profitability and shareholder value: Evidence from Germany

This study investigates empirically the development of working capital management and its impact on profitability and shareholder value in Germany. We analyse panel data of 115 firms listed on the German Prime Standard, covering the period from 2011 to 2017. The results provide evidence that efficie...

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Bibliographic Details
Main Authors: Högerle Bernadette, Charifzadeh Michel, Ferencz Marlene, Kostin Konstantin B.
Format: Article
Language:English
Published: University of Novi Sad - Faculty of Economics, Subotica 2020-01-01
Series:Strategic Management
Subjects:
working capital
working capital management
cash conversion cycle
profitability
return on capital employed
shareholder value
market value added
germany
panel data
Online Access:https://scindeks-clanci.ceon.rs/data/pdf/1821-3448/2020/1821-34482002027H.pdf

Internet

https://scindeks-clanci.ceon.rs/data/pdf/1821-3448/2020/1821-34482002027H.pdf

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