Net operating working capital and firm value: a cross-country analysis

Baños Caballero, Sonia; García Teruel, Pedro Juan; Martínez-Solano, Pedro

Publication:
Net operating working capital and firm value: a cross-country analysis

dc.contributor.author	Baños Caballero, Sonia
dc.contributor.author	García Teruel, Pedro Juan
dc.contributor.author	Martínez-Solano, Pedro
dc.contributor.department	Organización de Empresas y Finanzas
dc.contributor.other	Facultades, Departamentos, Servicios y Escuelas::Departamentos de la UMU::Economía Financiera y Contabilidad	es
dc.coverage.temporal	1995-2013	es
dc.date.accessioned	2023-12-20T12:09:19Z
dc.date.available	2023-12-20T12:09:19Z
dc.date.issued	2020-07-28
dc.description	© 2020. The authors. This document is made available under the CC-BY 4.0 license http://creativecommons.org/licenses/by /4.0/ This document is the published version of a published Work that appeared in final form in Nature Comminications. To access the final edited and published work see https://doi.org/10.1177/2340944420941464	es
dc.description.abstract	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.	es
dc.format	application/pdf	es
dc.format.extent	17	es
dc.identifier.citation	Business Research Quarterly, vol. 23(3), pp 234-251. 2020.
dc.identifier.doi	https://doi.org/10.1177/2340944420941464
dc.identifier.issn	2340-9444
dc.identifier.uri	http://hdl.handle.net/10201/136781
dc.language	eng	es
dc.publisher	SAGE Publications	es
dc.relation	This work was supported by the Spanish Ministry of Economy and Competitiveness (project number ECO2016-76481-P); and the Fundación CajaMurcia.	es
dc.relation.publisherversion	https://journals.sagepub.com/doi/full/10.1177/2340944420941464	es
dc.rights	info:eu-repo/semantics/openAccess	es
dc.rights.uri	http://creativecommons.org/licenses/by-nc-nd/4.0/	*
dc.subject	Net operatingworking capital	es
dc.subject	Market value	es
dc.subject	Investor protection	es
dc.subject	Financial development	es
dc.subject	Economic development	es
dc.title	Net operating working capital and firm value: a cross-country analysis	es
dc.type	info:eu-repo/semantics/article	es
dspace.entity.type	Publication	es