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Is Working Capital Management Value-Enhancing? Evidence from Firm Performance and Investments
16 references·9 citing·41 second hopsampled
Is Working Capital Management Value-Enhancing? Evidence from Firm Performance and Investments (2013)Is Working Capital Management Value-Enhan…Simple formulas for standard errors that cluster by both firm and time (2010)Simple formulas for standard …Costly external finance, corporate investment, and the subprime mortgage credit crisis (2010)Costly external finance, corp…Financial Constraints, Investment, and the Value of Cash Holdings (2009)Financial Constraints, Invest…Estimating Standard Errors in Finance Panel Data Sets: Comparing Approaches (2008)Estimating Standard Errors in…Asset Growth and the Cross‐Section of Stock Returns (2008)Asset Growth and the Cross‐Se…Boards: Does one size fit all☆ (2007)Boards: Does one size fit all☆Estimating Standard Errors in Finance Panel Data Sets: Comparing Approaches (2006)Estimating Standard Errors in…Corporate Financial Policy and the Value of Cash (2006)Corporate Financial Policy an…Managerial incentives and risk-taking☆ (2005)Managerial incentives and ris…Does Working Capital Management Affect Profitability of Belgian Firms? (2003)Does Working Capital Manageme…What Do Returns to Acquiring Firms Tell Us? Evidence from Firms That Make Many Acquisitions (2002)What Do Returns to Acquiring …The Stock Market Valuation of Research and Development Expenditures (2001)The Stock Market Valuation of…Detecting long-run abnormal stock returns: The empirical power and specification of test statistics (1997)Detecting long-run abnormal s…Leverage, investment, and firm growth (1996)Leverage, investment, and fir…Investment Valuation: Tools and Techniques for Determining the Value of Any Asset (1995)Investment Valuation: Tools a…Corporate Takeover Bids, Methods of Payment, and Bidding Firms' Stock Returns (1987)Corporate Takeover Bids, Meth…Effects of Working Capital Management on SME Profitability: Evidence from an Emerging Economy (2021)Effects of Working Capital Ma…Working capital management, firm performance and nature of business (2020)Working capital management, f…Exploring predictors of working capital management efficiency and their influence on firm performance: an integrated DEA-SEM approach (2020)Exploring predictors of worki…Measuring impact of working capital efficiency on financial performance of a firm (2019)Measuring impact of working c…Impact of deviation from target working capital on firm profitability: evidence from India (2019)Impact of deviation from targ…Association between the availability of financial resources and working capital management with stock surplus returns in Iran (2018)Association between the avail…Net trade credit: what are the determinants? (2017)Net trade credit: what are th…Business cycles, informal economy, and interest rates in emerging countries (2017)Business cycles, informal eco…Net Working Capital, Cash Flow and Performance of UK SMEs (2015)Net Working Capital, Cash Flo…FINANCIAL RATIOS, DISCRIMINANT ANALYSIS AND THE PREDICTION OF CORPORATE BANKRUPTCY (1968)The Pricing of Options and Corporate Liabilities (1973)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Are Overconfident CEOs Better Innovators? (2012)Corporate Immunity to the COVID-19 Pandemic (2020)The market for corporate control (1983)Corporate Financing and Investment Decisions When Firms Have InformationThat Investors Do Not Have (1984)New Evidence and Perspectives on Mergers (2001)Firm size and the gains from acquisitions (2004)Who makes acquisitions? CEO overconfidence and the market's reaction☆ (2008)Using daily stock returns (1985)The Cross-Section of Expected Stock Returns (1992)Common risk factors in the returns on stocks and bonds (1993)Market efficiency, long-term returns, and behavioral finance1The comments of Brad Barber, David Hirshleifer, S.P. Kothari, Owen Lamont, Mark Mitchell, Hersh Shefrin, Robert Shiller, Rex Sinquefield, Richard Thaler, Theo Vermaelen, Robert Vishny, Ivo Welch, and a referee have been helpful. Kenneth French and Jay Ritter get special thanks.1 (1998)Capital markets research in accounting (2001)Introductory Econometrics for Finance (2008)Legal Determinants of External Finance (1997)Trade Credit: Theories and Evidence (1997)Law and Finance (1998)TRENDS IN WORKING CAPITAL MANAGEMENT AND ITS IMPACT ON FIRMS, PERFORMANCE: AN ANALYSIS OF MAURITIAN SMALL MANUFACTURING FIRMS (2006)Effects of working capital management on SME profitability (2007)Working capital management, corporate performance, and financial constraints (2013)Risk, Return, and Equilibrium: Empirical Tests (1973)Specification Tests in Econometrics (1978)Econometric Analysis of Cross Section and Panel Data (2001)More Than Words: Quantifying Language to Measure Firms' Fundamentals (2008)Common Errors: How to (and Not to) Control for Unobserved Heterogeneity (2012)Separation of Ownership and Control (1983)Women in the boardroom and their impact on governance and performance☆ (2009)The Role of Boards of Directors in Corporate Governance: A Conceptual Framework and Survey (2010)Endogeneity and the dynamics of internal corporate governance (2012)On Persistence in Mutual Fund Performance (1997)The short of it: Investor sentiment and anomalies (2011)Corporate governance and the value of cash holdings (2006)Why Do U.S. Firms Hold So Much More Cash than They Used To? (2009)Market Reactions to Tangible and Intangible Information (2006)Innovative efficiency and stock returns (2012)Replicating Anomalies (2018)Robust Standard Errors for Panel Regressions with Cross-Sectional Dependence (2007)Robust Inference With Multiway Clustering (2011)Policy Uncertainty and Corporate Investment (2015)
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References

  • 2008Estimating Standard Errors in Finance Panel Data Sets: Comparing Approaches10,793 cited
  • 2007Boards: Does one size fit all☆3,088 cited
  • 2005Managerial incentives and risk-taking☆2,924 cited
  • 1997Detecting long-run abnormal stock returns: The empirical power and specification of test statistics2,690 cited
  • 2006Estimating Standard Errors in Finance Panel Data Sets: Comparing Approaches2,559 cited
  • 2003Does Working Capital Management Affect Profitability of Belgian Firms?1,844 cited
  • 2002What Do Returns to Acquiring Firms Tell Us? Evidence from Firms That Make Many Acquisitions1,743 cited
  • 2001The Stock Market Valuation of Research and Development Expenditures1,734 cited
  • 2006Corporate Financial Policy and the Value of Cash1,642 cited
  • 2008Asset Growth and the Cross‐Section of Stock Returns1,595 cited
  • 2010Simple formulas for standard errors that cluster by both firm and time1,515 cited
  • 2010Costly external finance, corporate investment, and the subprime mortgage credit crisis1,473 cited
  • 1987Corporate Takeover Bids, Methods of Payment, and Bidding Firms' Stock Returns1,408 cited
  • 2009Financial Constraints, Investment, and the Value of Cash Holdings1,382 cited
  • 1995

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Investment Valuation: Tools and Techniques for Determining the Value of Any Asset
1,380 cited
  • 1996Leverage, investment, and firm growth1,304 cited
  • Cited by

    • 2017Business cycles, informal economy, and interest rates in emerging countries72 cited
    • 2020Working capital management, firm performance and nature of business58 cited
    • 2020Exploring predictors of working capital management efficiency and their influence on firm performance: an integrated DEA-SEM approach54 cited
    • 2018Association between the availability of financial resources and working capital management with stock surplus returns in Iran50 cited
    • 2021Effects of Working Capital Management on SME Profitability: Evidence from an Emerging Economy44 cited
    • 2017Net trade credit: what are the determinants?40 cited
    • 2019Measuring impact of working capital efficiency on financial performance of a firm32 cited
    • 2019Impact of deviation from target working capital on firm profitability: evidence from India30 cited
    • 2015Net Working Capital, Cash Flow and Performance of UK SMEs20 cited