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

页码：23 / 35

页数：13

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