• Corpus ID: 158345523

A Return to the Cash Conversion Cycle and Corporate Returns

@inproceedings{McPherson2018ART,
  title={A Return to the Cash Conversion Cycle and Corporate Returns},
  author={Madyson McPherson},
  year={2018}
}
A little over twenty years ago, Jose, Lancaster, and Stevens (1996) wrote a paper examining the relationship between profitability and ongoing liquidity management for firms over a twenty-year period, from 1974 to 1993. They test the relationship between the cash conversion cycle, ongoing liquidity management, and other methods of profitability using a regression analysis (Jose, Lancaster, and Stevens, 1996). This paper aims to do the same but with a selection of firms over a different twenty… 
2 Citations

Tables from this paper

The Free Cash Flow and Corporate Returns

The Free Cash Flow and Corporate Returns

The Free Cash Flow and Corporate Returns

The Free Cash Flow and Corporate Returns

References

SHOWING 1-10 OF 10 REFERENCES

Corporate returns and cash conversion cycles

This study examines the relationship between profitability measures and management of ongoing liquidity needs for a large cross-section of firms over a twenty-year period. Long-run equilibrium

A Cash Conversion Cycle Approach to Liquidity Analysis

Although working capital management receives less attention in the literature than longer-term investment and financing decisions, it occupies the major portion of a financial manager's time and

Cash Conversion Cycle Management in Small Firms: Relationships with Liquidity, Invested Capital, and Firm Performance

Abstract This study investigated the relationship between cash conversion cycle and levels of liquidity, invested capital, and performance in small firms over time. In a sample of 879 small U.S.

A Five-Factor Asset Pricing Model

A five-factor model directed at capturing the size, value, profitability, and investment patterns in average stock returns performs better than the three-factor model of Fama and French (FF 1993).

Corporate Returns and Cash Conversion

  • 1996

Cash Conversion Cycle Management

  • 2011

The Persistence of Mutual Fund Performance

This paper analyzes how mutual fund performance relates to past performance. These tests are based on a multiple portfolio benchmark that was formed on the basis of securities characteristics. The

Fundamentals of Corporate Finance, Eleventh Edition

  • 2016

Working Capital Management. Investopedia, web accessed Mar 3

  • 2018