IDEAS home Printed from https://ideas.repec.org/a/nms/untern/10.5771-0042-059x-2021-4-576.html
   My bibliography  Save this article

Working Capital Management und dessen Rolle als Instrument zur Rentabilitäts- und Unternehmenswertsteuerung: Eine empirische Untersuchung über deutsche Blue Chips

Author

Listed:
  • Charifzadeh, Michel
  • Herberger, Tim A.
  • Högerle, Bernadette
  • Ferencz, Marlene

Abstract

Despite the phase of low interest rates, working capital management remains a key value driver in companies and an important management tool. Our results for 115 companies listed on the most important German stock indexes for the years 2011 to 2017 show that effective working capital management can have a positive impact on profitability and enterprise value. At the same time, our results also show that less attention has recently been paid to working capital management and that digital innovations are probably not yet being used to the extent that seems possible to increase efficiency. Even against the background of continuously low capital market interest rates, this must be viewed critically.

Suggested Citation

  • Charifzadeh, Michel & Herberger, Tim A. & Högerle, Bernadette & Ferencz, Marlene, 2021. "Working Capital Management und dessen Rolle als Instrument zur Rentabilitäts- und Unternehmenswertsteuerung: Eine empirische Untersuchung über deutsche Blue Chips," Die Unternehmung - Swiss Journal of Business Research and Practice, Nomos Verlagsgesellschaft mbH & Co. KG, vol. 75(4), pages 576-592.
    • Handle: RePEc:nms:untern:10.5771/0042-059x-2021-4-576
    DOI: 10.5771/0042-059X-2021-4-576
    as

    Download full text from publisher

    File URL: https://www.nomos-elibrary.de/10.5771/0042-059X-2021-4-576
    Download Restriction: no
    File URL: https://libkey.io/10.5771/0042-059X-2021-4-576?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:nms:untern:10.5771/0042-059x-2021-4-576. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Nomos Verlagsgesellschaft mbH & Co. KG (email available below). General contact details of provider: http://www.nomos.de/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.