Net operating working capital and firm value: A cross-country analysis

Artikel

Here, we use a sample of firms from 30 countries during the period 1995-2013 to examine the relationship between net operating working capital (NWC) and firm value. Specifically, we show that the value of NWC varies across countries and that it depends on both investor protection and a country's financial and economic development. Our findings imply that shareholders value NWC more in countries with strong enforcement of investor rights, and greater financial and economic development.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Journal: BRQ Business Research Quarterly ; ISSN: 2340-9436 ; Volume: 23 ; Year: 2020 ; Issue: 3 ; Pages: 234-251 ; London: Sage Publishing

Klassifikation und Themen

• Klassifikation: Management ; International Financial Markets ; General Financial Markets: Government Policy and Regulation ; Capital Budgeting; Fixed Investment and Inventory Studies; Capacity ; Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
• Thema: Net operating ; working capital ; market value ; investor protection ; financial development ; economic development

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Baños-Caballero, Sonia ; García-Teruel, Pedro J. ; Martínez-Solano, Pedro
• Ereignis: Veröffentlichung
• (wer): Sage Publishing
• (wo): London
• (wann): 2020

Weitere Informationen

• DOI: doi:10.1177/2340944420941464
• Handle: http://hdl.handle.net/10419/261883
• Letzte Aktualisierung: 10.03.2025, 11:42 MEZ