This paper reviews a large number of articles on WCM and provides a classification scheme in to various categories.
Hence, working capital management significantly improves firms’ performance.
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The proxy of inventory turnovers is the best measure of working capital in explaining firm performance.
Originality: To the author’s knowledge, this is the first study examining the relationship between five measures of working capital management and firm performance in Indonesia or in any emerging markets; hence, this study contributes to the scarce literature on the management of working capital.
Comments Review Of Literature In Working Capital Management
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