References
- Afeef, M., 2011. Analysing the Impact of working capital management on the profitability of SMEs in Pakistan. International Journal Of Business And Social Science, 2(22), 173-183.
- Afrifa G., 2013. Working capital management and AIM-listed SME companies profitability: a mixed research method approach. PhD Thesis (PhD). Bournemouth University.
- Appuhami, B., 2008. The Impact of Firms’ Capital Expenditure on Working Capital Management: An Empirical Study across Industries in Thailand. International Management Review, 4(1).
- Arena, M. and Julio B. 2010. Litigation Risk and Corporate Cash Holdings. Working Paper.
- Boermans, M. A., and Wiilbrands, D., 2011. Firm performance under financial constraints and risks: recent evidence from microfinance clients in Tanzania, HU. University of Applied Sciences Utrecht, Working paper
- Bougheas S., Mateut S. and Mizen P. 2009. Corporate trade credit and inventories: new evidence of a trade-off from accounts payable and receivable. Journal of Banking and Finance 33 (2), 300-307.
- Couderc F. 2006. Short-rate interest rate models in the HJM framework: models, calibration and MC simulation. Technical report, Risk Metrics Group
- Deloof, M., 2003. Does Working Capital Management Affect the Profitability of Belgian Firms? Journal of Business, Finance and Accounting, 30(3), 573-587.
- Ebrati, M.R., Emadi, F., Balasang, R.S., Safari, G. (2013), The Impact of capital structure on firm performance: Evidence from Tehran stock exchange. Australian Journal of Basic and Applied Sciences, 7(4), 1-8
- Emery, G.W., 1984. A Pure Financial Explanation for Trade Credit. Journal of Financial and Quantitative Analysis, 19(3), 271-285.
- Enqvist, J., Graham, M., and Nikkinen, J., 2012. The Impact of working capital management on firm profitability in different business cycles: evidence from Finland. Electronic Library. Available from: http://ssm.com/abstract=1794802 [Accessed 4 N 2020].
- Garcia-Teruel, P. J., and Martinez-Solano, P., 2007. Effects of Working Capital Management on SME Profitability. International Journal of Managerial Finance, 3(2), 164-177.
- Gill, A., Biger, N., and Mathur, N., 2010. The relationship between working capital management and profitability: evidence from the United States. Business and Economics Journal, 10, 1-9.
- Gill, A., Biger, N., and Mathur, N., 2010. The relationship between working capital management and profitability: evidence from the United States. Business and Economics Journal, 10, 1-9.
- Goyal, A.M. (2013), Impact of capital structure on the performance of listed public sector banks in India. International Journal of Business and Management Invention, 2(10), 35-43
- Kargar, J. and Blumenthal, R.A., 1994. Leverage impact on working capital in small businesses. TMA Journal, 14, pp.46-46.
- Koumanakos, D.P., 2008. The effect of inventory on firm performance. International Journal of Productivity and Performance Management, 57(5), 355−369.
- Lartey V. C., Antwi S. and Boadi E. K., 2013. The Relationship between Liquidity and Profitability of Listed Banks in Ghana. International Journal of Business and Social Science, 4, 3.
- Mathuva, D., 2010. The influence of working capital management components on corporate profitability: a survey on Kenyan listed firms. Research Journal of Business Management, 4(1), 1-11.
- Nazir, M. S. and Afza, T., 2009. Working Capital Requirements and the Determining Factors in Pakistan. IUP Journal of Applied Finance, 15(4), 28-38.
- Ng, A. and Baek, H. Y., 2007. Free Cash Flow, Leverage, and Performance: Evidence from Canadian Acquisitions. Journal of International Finance and Economics, 5(1), 11-26.
- Nirajini, A., Priya, KB (2013), Impact of capital structure on the financial performance of the listed trading companies in Sri Lanka. International Journal of Scientific and Research Publications, 3(5), 1-9
- Padachi, K., 2006. Trends in working capital management and its Impact on firms’ performance: an analysis of Mauritian small manufacturing firms, International. Review of Business Research Papers, 2(2), 45-58.
- Padachi, K., Howorth, C. and Narasimhan, M. S., 2011. Working Capital Financing Preferences: The Case of Mauritian Manufacturing SMEs. Cambridge Business & Economics Conference, 27-28 June 2011 London: Cambridge.
- Pais, M.A. and Gama, P.M., 2015. Working capital management and SMEs profitability: Portuguese evidence. International journal of managerial finance.
- Peel, M. J., Wilson, N., and Howorth, C. A., 2000. Late payment and Credit management in the small firm sector: Some Empirical Evidence. International Small Business Journal, 18(2), 52-68.
- Petersen M. A. and Rajan, R. G., 1997. Trade credit: Theories and evidence. Review of Financial Studies, 10(3), 661-691
- Saeedi, A., Mahmoodi, I. (2011), Capital structure and firm performance: Evidence from Iranian companies. International Research Journal of Finance and Economics, 70, 20.
- Smith, K., 1973. State of the art of working capital management. Financial Management Association International, 2(3), 50-55.
- Tauringana, V. and Afrifa G. A. 2013. The relative importance of working capital management and its components to SMEs profitability. Journal of Small Business and Enterprise Development, 20(3), 1462-6004.
- Tingbani, I., 2015. Working capital management and profitability: a contingency theory approach (Doctoral dissertation, Bournemouth University).
- Wilner, B. S. 2000. The exploitation of relationship in financial distress: the case of trade credit, Journal of Finance, 55, 153-178.