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dc.contributor.authorNobanee, Haitham
dc.contributor.authorAbdullatif, Modar
dc.contributor.authorAlHajjar, Maryam
dc.date.accessioned2018-03-05T06:13:53Z
dc.date.available2018-03-05T06:13:53Z
dc.date.issued2010-07-19
dc.identifier.urihttps://dspace.adu.ac.ae/handle/1/414
dc.descriptionNobanee, H., Abdullatif, M., & AlHajjar, M. (2011). Cash conversion cycle and firm's performance of Japanese firms. Asian Review of Accounting, 19(2), 147-156.
dc.description.abstractPurpose – The purpose of this paper is to investigate the relation between a firm’s cash conversion cycle and its profitability. Design/methodology/approach – The relation between the firm’s cash conversion cycle and its profitability is examined using dynamic panel data analysis for a sample of Japanese firms for the period from 1990 to 2004. The analysis is applied at the levels of the full sample and divisions of the sample by industry and by size. Findings – A strong negative relation between the length of the firm’s cash conversion cycle and its profitability is found in all of the authors’ study samples except for consumer goods companies and services companies. Originality/value – Traditional focus in corporate finance was on the long-term financial decisions, particularly capital structure, dividends, and company valuation decisions. However, the recent trend in corporate finance is the focus on working capital management. Most of working capital management literature is based on the US experience. This study investigates the relation between the firm’s cash conversion cycle and its profitability of Japanese firms where the organizational structure is totally different from that of the US firms; most of the Japanese firms are interconnected and related through corporate groups (keiretsu).en_US
dc.language.isoenen_US
dc.publisherSocial Science Research Networken_US
dc.subjectJapanen_US
dc.subjectOrganizational Performanceen_US
dc.subjectWorking Capitalen_US
dc.subjectCash Conversion Cycleen_US
dc.subjectReturn on Investmenten_US
dc.titleCash conversion cycle and firm’s performance of Japanese firmsen_US
dc.typeArticleen_US
dc.identifier.doihttps://doi.org/10.1108/13217341111181078


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