Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/261883 
Erscheinungsjahr: 
2020
Quellenangabe: 
[Journal:] BRQ Business Research Quarterly [ISSN:] 2340-9436 [Volume:] 23 [Issue:] 3 [Publisher:] Sage Publishing [Place:] London [Year:] 2020 [Pages:] 234-251
Verlag: 
Sage Publishing, London
Zusammenfassung: 
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.
Schlagwörter: 
Net operating
working capital
market value
investor protection
financial development
economic development
JEL: 
G15
G18
G31
G32
Persistent Identifier der Erstveröffentlichung: 
Creative-Commons-Lizenz: 
cc-by-nc Logo
Dokumentart: 
Article

Datei(en):
Datei
Größe
348.7 kB





Publikationen in EconStor sind urheberrechtlich geschützt.