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https://doi.org/10.1080/02102412.2020.1864176
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| Título: | The speed of adjustment in net operating working capital: an international study |
| Fecha de publicación: | 5-ene-2021 |
| Editorial: | Taylor & Francis Group |
| Cita bibliográfica: | Spanish Journal of Finance and Accounting, 50(4), pp. 423-440. 2021. |
| ISSN: | Print: 0210-2412 Electronic: 2332-0753 |
| Palabras clave: | Net operating working capital Adjustment speed Legal system Financial development |
| Resumen: | This paper analyses whether there are differences in the speed of adjustment in net operating working capital (NWC) across countries. Unlike prior research, which reported that the adjustment speed of any current item is always rapid, we find that the speed of adjustment to NWC targets depends on a country’s investor protection and financial development. Specifically, using a sample of firms from 30 countries, we show that NWC adjustment speeds vary across countries, and they are faster for companies that operate in countries with stronger investor protection and greater financial development. |
| Autor/es principal/es: | Baños Caballero, Sonia García Teruel, Pedro Juan Martínez Solano, Pedro |
| Facultad/Departamentos/Servicios: | Facultades, Departamentos, Servicios y Escuelas::Departamentos de la UMU::Economía Financiera y Contabilidad |
| Versión del editor: | https://www.tandfonline.com/doi/full/10.1080/02102412.2020.1864176 |
| URI: | http://hdl.handle.net/10201/136803 |
| DOI: | https://doi.org/10.1080/02102412.2020.1864176 |
| Tipo de documento: | info:eu-repo/semantics/article |
| Número páginas / Extensión: | 30 |
| Derechos: | info:eu-repo/semantics/openAccess Atribución-NoComercial 4.0 Internacional |
| Descripción: | © 2021. Taylor and Francis Group. This document is made available under the CC-BY-NC 4.0 license http://creativecommons.org/licenses/by-nc /4.0/ This document is the submitted/accepted/ published version of a published Work that appeared in final form in Spanish Journal of Finance and Accounting. To access the final edited and published work see https://doi.org/10.1080/02102412.2020.1864176 |
| Matería temporal: | 1995-2013 |
| Aparece en las colecciones: | Artículos: Organización de Empresas y Finanzas |
Ficheros en este ítem:
| Fichero | Descripción | Tamaño | Formato | |
|---|---|---|---|---|
| Postprint version SJFA 2021.pdf | The speed of adjustment in net operating working capital: an international study | 464,82 kB | Adobe PDF |  Visualizar/Abrir |
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