Working Capital: Development of the Field through Scientific Mapping: An Updated Review

Ángel-Sabino Mirón Sanguino (), Eva Crespo-Cebada, Elena Muñoz Muñoz and Carlos Diaz Caro
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Ángel-Sabino Mirón Sanguino: Department of Finance and Accounting, Faculty of Business, Finance and Tourism, Universidad de Extremadura, Avda. de la Universidad, 10071 Cáceres, Spain
Eva Crespo-Cebada: Department of Economics, Universidad de Extremadura, Avda. Adolfo Suárez, s/n, 06007 Badajoz, Spain
Elena Muñoz Muñoz: Department of Finance and Accounting, Faculty of Business, Finance and Tourism, Universidad de Extremadura, Avda. de la Universidad, 10071 Cáceres, Spain
Carlos Diaz Caro: Department of Finance and Accounting, Faculty of Business, Finance and Tourism, Universidad de Extremadura, Avda. de la Universidad, 10071 Cáceres, Spain

Administrative Sciences, 2024, vol. 14, issue 4, 1-18

Abstract: Throughout history, the analysis of companies’ financial structure has been approached from different angles, with different areas of the overall financial situation being separated and studied independently in order to improve understanding. Within the framework of short-cycle analysis and, more specifically, of the cash flow statement, it is of vital importance for a company to manage an adequate proportion of working capital, and this is where the focus of the present work is centred. This study was carried out to offer support to the theoretical framework for future research on working capital, given its importance for the analysis of the operational cycle of companies. This study uses bibliometric techniques to gain a better understanding of the current situation and trends in this area of research. The results are framed in all of the periods in which work on working capital has been documented, which are divided into two periods: up to 2019, and from 2020 to 2024. The results show the current evolution of the topics, with supplier credit dominating, and indicate potential topics for further research to address in this area.

Keywords: working capital; bibliometric review; SciMAT; motor themes (search for similar items in EconPapers)
JEL-codes: L M M0 M1 M10 M11 M12 M14 M15 M16 (search for similar items in EconPapers)
Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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