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Working Capital Management in Czech SMEs: An Econometric Approach

Listed author(s):
  • Erginbay UGURLU

    ()

    (Hitit Universitesi, FEAS, Department of Economics)

  • Irena JINDRICHOVSKA
  • Dana KUBICKOVA

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.

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File URL: http://icesba.eu/RePEc/icb/wpaper/ICESBA2014_38UGURLU_P311-317.pdf
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Article provided by Spiru Haret University in its journal Published in Procedia of Economics and Business Administration.

Volume (Year): 1 (2014)
Issue (Month): 1 (December)
Pages: 311-317

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Handle: RePEc:icb:wpaper:v:1:y:2014:i:1:311-317
Contact details of provider: Web page: http://icesba.eu

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  1. repec:ers:journl:v:xvi:y:2013:i:sisme:p:79-96 is not listed on IDEAS
  2. Marc Deloof, 2003. "Does Working Capital Management Affect Profitability of Belgian Firms?," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 30(3-4), pages 573-588.
  3. Irena Jindrichovska & Erginbay Ugurlu & Dana Kubickova, 2013. "Changes in Capital Structure of Czech SMEs: A Dynamic Panel Data Approach," Ekonomika a Management, University of Economics, Prague, vol. 2013(3), pages 6-26.
  4. Christopher F Baum, 2001. "Residual diagnostics for cross-section time series regression models," Stata Journal, StataCorp LP, vol. 1(1), pages 101-104, November.
  5. Irena Jindrichovska, 2013. "Financial Management in SMEs," European Research Studies Journal, European Research Studies Journal, vol. 0(4), pages 79-96.
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