Is the relationship between working capital management and firm profitability non-linear in Indian SMEs?

被引：8
|
作者：
Ahangar, Nufazil [1 ]
机构：
[1] Cent Univ Kashmir, Sch Business Studies, Ganderbal, India
来源：
SMALL ENTERPRISE RESEARCH | 2021年 / 28卷 / 01期
关键词：
Working capital management; firm profitability; Indian SMEs; panel data;
D O I：
10.1080/13215906.2021.1872685
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
The aim of this paper is to examine the relationship between working capital management (WCM) and firm profitability for a sample of 2122 Indian SMEs. The study is based on secondary financial data obtained from electronic database PROWESS of Centre for Monitoring Indian Economy (CMIE), pertaining to a period of 12 years. The study employs two-step generalized method of moments (GMM) estimation to arrive at the results. The estimates of two-step GMM confirm an inverted U-shape relationship between WCM and firm profitability.
引用
收藏
页码：23 / 35
页数：13
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