Working Capital Behavior of Firms during an Economic Downturn: An Analysis of the Financial Crisis Era

Working Capital Behavior of Firms during an Economic Downturn: An Analysis of the Financial Crisis Era

In times of crisis, cash and liquidity play an essential role. This paper analyzes the working capital measures over the course of a business cycle. We examine (1) how companies behave in economic downturns regarding their working capital components and (2) whether firms with higher financial constr...

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Bibliographic Details
Main Authors: Erik Hofmann, Juuso Töyli, Tomi Solakivi
Format: Article
Language:English
Published: MDPI AG 2022-07-01
Series:International Journal of Financial Studies
Subjects:
supply chain financing
financial constraints
economic downturn
trade credit
insolvency risk
generalized linear mixed-effects model
Online Access:https://www.mdpi.com/2227-7072/10/3/55

Internet

https://www.mdpi.com/2227-7072/10/3/55

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