MATEC Web Conf.
Volume 184, 2018Annual Session of Scientific Papers IMT ORADEA 2018
|Number of page(s)||4|
|Section||Management and Economics in Engineering|
|Published online||31 July 2018|
Cash conversion cycle and corporate performance: evidence from Romania
Technical University of Cluj-Napoca, Faculty of Electrical Engineering, Romania
* Corresponding author: firstname.lastname@example.org
Cash conversion cycle is considered one of the most important measures of management effectiveness, especially the cash flow and liquidity management. This study examines the relationship between cash conversion cycle and corporate profitability for the non-financial companies, from several industries, listed on the Bucharest Stock Exchange for a period of fifteen years from 2002 to 2016. The findings from a cross sectional multiple regression analysis pointed out a negative relationship between cash conversion cycle and the performance of firms. Based on the results from this paper it has been concluded that managers can improve the profitability of their firms by decreasing the number of days in cash conversion cycle.
© The Authors, published by EDP Sciences, 2018
This is an Open Access article distributed under the terms of the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0), which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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