Cash conversion cycle in smes

  1. Baños-Caballero, Sonia
  2. García Teruel, Pedro Juan
  3. Martínez Solano, Pedro
Zeitschrift:
Notas técnicas: [continuación de Documentos de Trabajo FUNCAS]

ISSN: 1988-8767

Datum der Publikation: 2009

Nummer: 457

Art: Arbeitsdokument

DIALNET GOOGLE SCHOLAR

Andere Publikationen in: Notas técnicas: [continuación de Documentos de Trabajo FUNCAS]

Zusammenfassung

This paper examines the determinats of Cash Conversion Cycle (CCC) for small and medium-sized firms. It is found that these firms have a target CCC level to which they attempt to converge, and they try to adjust to their target level quickly. The results also show that this level is higher for older firms and companies with greater cash flows. In contrast with this, firms with more growth opportunities, and firms with higher leverage, investment in fixed assets and return on assets have lower CCC levels.

Fuente de los datos: Dialnet