IDEAS/RePEc search

Found 1 result for '"working capital management" "business groups" "privately held firms" "size" ', showing 1-1
IDEAS search now includes synonyms. If you feel that some synonyms are missing, you are welcome to suggest them for inclusion

1. Vivien Lefebvre & Anaïs Hamelin (2022): The oak and the reed: Working capital management and the role of business group affiliation

   ---

   This study explores the role of business group affiliation in the working capital management of affiliated firms using a large sample of privately held firms in continental Europe. We show that small firms, but not medium-sized or large firms, affiliated with a business group have more operating working capital. This result is consistent with the hypothesis that affiliation with a business group relaxes financing constraints for affiliates? investment in working capital. Additional results reveal a common financial management of working capital at the group level.
   RePEc:cai:finpug:fina_432_0159  Save to MyIDEAS