Results 161 to 170 of about 116,168 (206)

Corporate returns and cash conversion cycles

Journal of Economics and Finance, 1996
This study examines the relationship between profitability measures and management of ongoing liquidity needs for a large cross-section of firms over a twenty-year period. Long-run equilibrium relationships between the cash conversion cycle, a measure of ongoing liquidity management, and alternative measures of profitability are tested using both ...
Manuel L. Jose, Carol Lancaster, Jerry L. Stevens   +2 more
openaire   +1 more source

Director co‐option and the cash conversion cycle

Journal of Corporate Accounting & Finance, 2022
AbstractThis study examines whether co‐opted directors degrade or improve working capital efficiency. We find strong evidence that firms with more co‐opted boards exhibit lower cash conversion cycles and so are more efficient at managing working capital.
Oneil Harris, Jonathan Hampton
openaire   +1 more source

The cash conversion cycle spread

Journal of Financial Economics, 2017
Abstract The cash conversion cycle (CCC) refers to the time span between the outlay of cash for purchases to the receipt of cash from sales. It is a widely used metric to gauge the effectiveness of a firm's management and intrinsic need for external financing.
openaire   +1 more source

Der Cash-Conversion-Cycle

Controlling, 2019
Kennzahlen werden eingesetzt, um Ziele zu messen und die Zielerreichung zu planen und nachzuhalten („What gets measured, gets managed“). Sofern die Kennzahlen aber nicht geeignet sind, das Ziel betriebswirtschaftlich zutreffend abzubilden, läuft das Management ins Leere.
openaire   +1 more source

Robotic Process Automation im Cash Conversion Cycle

2023
Durch das Voranschreiten der Digitalisierung hat die Technologie Robotic Process Automtion innerhalb der letzten Jahre an Bedeutung gewonnen und findet bereits in Bereichen des Rechnungswesens Anwendung. Ein Hauptargument für die Nutzung von sogenannten Software Robotern ist die dadurch generierte Steigerung der Prozesseffizienz.
openaire   +1 more source

Cash conversion cycle and corporate diversification

Journal of Finance and Marketing, 2018
In this study, I examine the relation between the cash conversion cycle and its components and a firm’s diversification status. Using a large sample of US public firms over 1980 to 2016, I find the inventory and receivable periods are shorter in diversified firms than focused firms.
openaire   +1 more source

A Cash Conversion Cycle Approach to Liquidity Analysis

Financial Management, 1980
Although working capital management receives less attention in the literature than longer-term investment and financing decisions, it occupies the major portion of a financial manager's time and attention [9, p. 173]. In part, this simply reflects the repetitive nature of investment commitments with relatively short life expectancy and rapid ...
Verlyn D. Richards, Eugene J. Laughlin
openaire   +1 more source

Does cash conversion cycle affect cost of equity capital?

Applied Economics Letters, 2021
This study examines the impact of cash conversion cycle (CCC) on cost of equity (COE). A CCC measures the time it takes for a firm to convert its inventory into cash flows from sales.
Jaywon Lee, Hyung Tae Kim, Sangshin Pae
openaire   +1 more source

Cash conversion cycle and corporate performance: Global evidence

International Review of Economics & Finance, 2018
Abstract Previous studies have seldom explored issues regarding liquidity management; hence, we conduct a global empirical analysis of the relationship between the cash conversion cycle (CCC) and corporate performance by adopting enterprises from different countries as samples.
openaire   +1 more source

Cash conversion cycle as a company liquidity measure [PDF]

Interdisciplinary Management Research, 2014
Effective and adequate management of a company’s liquidity position represents a key element in securing the overall ability of a company to meet its short-term obligations using assets that are readily converted into cash. The company's liquidity position is especially important in today’s globalized and highly competitive business environment, as ...
openaire   +1 more source