Determinants of working capital management

Baños-Caballero, Sonia; García Teruel, Pedro J.; Martínez Solano, Pedro

Ponencia

dc.contributor.editor	Cossío Silva, Francisco José	es
dc.creator	Baños-Caballero, Sonia	es
dc.creator	García Teruel, Pedro J.	es
dc.creator	Martínez Solano, Pedro	es
dc.date.accessioned	2018-07-31T09:10:44Z
dc.date.available	2018-07-31T09:10:44Z
dc.date.issued	2009
dc.identifier.citation	Baños-Caballero, S., García Teruel, P.J. y Martínez Solano, P. (2009). Determinants of working capital management. En Administrando en entornos inciertos. XXIII Congreso Anual AEDEM (1-15), Sevilla: ESIC.
dc.identifier.isbn	9788473566094	es
dc.identifier.uri	https://hdl.handle.net/11441/77711
dc.description.abstract	This paper analyzes the determinants of working capital management (WCM) for a sample of Spanish firms during the period 1997-2004. We find that firms have a target investment in working capital and that they take decisions in order to achieve this. The results appear to support the hypothesis that the working capital competes with investment in fixed assets for the funds of the firms when they have financial constraints. Finally, we also find that WCM depends on bargaining power and other financial factors such as the availability of internal finance, cost of financing and financial constraints.	es
dc.description.sponsorship	Research Agency of the Spanish Government ECO2008-06179/ECON	es
dc.format	application/pdf	es
dc.language.iso	eng	es
dc.publisher	ESIC	es
dc.relation.ispartof	Administrando en entornos inciertos. XXIII Congreso Anual AEDEM (2009), p 1-15
dc.rights	Attribution-NonCommercial-NoDerivatives 4.0 Internacional	*
dc.rights.uri	http://creativecommons.org/licenses/by-nc-nd/4.0/	*
dc.subject	Working capital	es
dc.subject	Net Trade Cycle	es
dc.subject	Dynamic panel data	es
dc.subject	Market imperfections	es
dc.subject	Endogeneity	es
dc.title	Determinants of working capital management	es
dc.type	info:eu-repo/semantics/conferenceObject	es
dc.type.version	info:eu-repo/semantics/publishedVersion	es
dc.rights.accessRights	info:eu-repo/semantics/openAccess	es
dc.relation.projectID	ECO2008-06179/ECON	es
idus.format.extent	15 p.	es
dc.publication.initialPage	1	es
dc.publication.endPage	15	es
dc.eventtitle	Administrando en entornos inciertos. XXIII Congreso Anual AEDEM	es
dc.eventinstitution	Sevilla	es
dc.relation.publicationplace	Madrid	es

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Congreso Anual AEDEM (23º. 2009. Sevilla)

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