Factors Associated with the Year-End Decline in Working Capital

Working capital is an important indicator of firm operational efficiency. All else being equal, lower levels signal greater efficiency. Managers are thus likely to be motivated to report lower levels of working capital at times of greater external attention. We find that working capital levels decre...

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Veröffentlicht in:	Management science 2017-02, Vol.63 (2), p.438-458
Hauptverfasser:	Frankel, Richard, Levy, Hagit, Shalev, Ron
Format:	Artikel
Sprache:	eng
Schlagworte:	Capital Cash flow Companies Compensation Dominance Economic activity Financial performance Forecasts and trends Management real activities management Transactions Working capital year-end management
Online-Zugang:	Volltext
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