Working Capital Management in Czech SMEs: An Econometric Approach

Erginbay Ugurlu (), Irena Jindrichovska () and Dana Kubickova ()

International Conference on Economic Sciences and Business Administration, 2014, vol. 1, issue 1, 311-317

Abstract: In this paper we investigate the relationship of working capital management and corporate profitability on a sample of Czech small and medium firms. Capital structure and working capital management are two areas widely investigated by economic researchers in order to investigate forces determining profitability of firms. We use an initial sample of 3053 Czech SMEs for the period of 2009-2012 and we employ the panel data methodology to find whether there is the statically significant relationship between profitability and components of working capital – mainly inventories, receivables and payables and other variables based on the previous literature.

Keywords: cash conversion cycle; profitability; SMEs; working capital management; panel data (search for similar items in EconPapers)
JEL-codes: C53 (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (1)

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