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…
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