{"id":"https://openalex.org/W3034530493","doi":"https://doi.org/10.1177/2278533720923513","title":"Working Capital Management, Macroeconomic Impacts, and Firm Profitability: Evidence from Indian SMEs","display_name":"Working Capital Management, Macroeconomic Impacts, and Firm Profitability: Evidence from Indian SMEs","publication_year":2020,"publication_date":"2020-06-09","ids":{"openalex":"https://openalex.org/W3034530493","doi":"https://doi.org/10.1177/2278533720923513","mag":"3034530493"},"language":"en","primary_location":{"id":"doi:10.1177/2278533720923513","doi":"https://doi.org/10.1177/2278533720923513","is_oa":false,"landing_page_url":"https://doi.org/10.1177/2278533720923513","pdf_url":null,"source":{"id":"https://openalex.org/S4210184796","display_name":"Business Perspectives and Research","issn_l":"2278-5337","issn":["2278-5337","2394-9937"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-c","cwts-core","jufo-1","poland-20","russia-white-list-2"],"host_organization":"https://openalex.org/P4310320017","host_organization_name":"SAGE Publishing","host_organization_lineage":["https://openalex.org/P4310320017"],"host_organization_lineage_names":["SAGE Publishing"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Business Perspectives and Research","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5009930710","display_name":"Ajaya Kumar Panda","orcid":"https://orcid.org/0000-0002-4260-5599","observed_orcids":["https://orcid.org/0000-0002-4260-5599"]},"institutions":[{"id":"https://openalex.org/I864998749","display_name":"Indian Institute of Management Mumbai","ror":"https://ror.org/05q2acf12","country_code":"IN","type":"education","lineage":["https://openalex.org/I864998749"]}],"countries":["IN"],"is_corresponding":true,"raw_author_name":"Ajaya Kumar Panda","raw_affiliation_strings":["Accounting and Finance, National Institute of Industrial Engineering, Mumbai, Maharashtra, India"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Accounting and Finance, National Institute of Industrial Engineering, Mumbai, Maharashtra, India","institution_ids":["https://openalex.org/I864998749"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5001016229","display_name":"Swagatika Nanda","orcid":"https://orcid.org/0000-0002-3978-0935","observed_orcids":["https://orcid.org/0000-0002-3978-0935"]},"institutions":[{"id":"https://openalex.org/I4405276725","display_name":"Vidyalankar School of Information Technology","ror":"https://ror.org/0029s4b58","country_code":"IN","type":"education","lineage":["https://openalex.org/I4405276725"]}],"countries":["IN"],"is_corresponding":false,"raw_author_name":"Swagatika Nanda","raw_affiliation_strings":["Assistant Professor, Vidyalankar School of Information Technology, India"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Assistant Professor, Vidyalankar School of Information Technology, India","institution_ids":["https://openalex.org/I4405276725"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5078849010","display_name":"Pradiptarathi Panda","orcid":"https://orcid.org/0000-0003-1262-8148","observed_orcids":["https://orcid.org/0000-0003-1262-8148"]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Pradiptarathi Panda","raw_affiliation_strings":["Assistant Professor, NISM, India"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Assistant Professor, NISM, India","institution_ids":[]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":2,"corresponding_author_ids":["https://openalex.org/A5009930710"],"corresponding_institution_ids":["https://openalex.org/I864998749"],"apc_list":{"value":3000,"currency":"USD","value_usd":3000},"apc_paid":null,"fwci":6.5116,"has_fulltext":false,"cited_by_count":34,"citation_normalized_percentile":{"value":0.96214131,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":93,"max":99},"biblio":{"volume":"9","issue":"1","first_page":"144","last_page":"158"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T12544","display_name":"Working Capital and Financial Performance","score":1.0,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T12544","display_name":"Working Capital and Financial Performance","score":1.0,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10328","display_name":"Supply Chain and Inventory Management","score":0.0,"subfield":{"id":"https://openalex.org/subfields/1404","display_name":"Management Information Systems"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10127","display_name":"Banking stability, regulation, efficiency","score":0.0,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/working-capital-management","display_name":"working capital management","score":1.0},{"id":"https://openalex.org/keywords/sme-profitability","display_name":"SME profitability","score":0.7689999938011169},{"id":"https://openalex.org/keywords/small-and-medium-sized-enterprises","display_name":"small and medium-sized enterprises","score":0.8619999885559082},{"id":"https://openalex.org/keywords/macroeconomic-factors","display_name":"macroeconomic factors","score":0.7680000066757202},{"id":"https://openalex.org/keywords/accounts-receivable","display_name":"accounts receivable","score":0.7379999756813049},{"id":"https://openalex.org/keywords/inventory-management","display_name":"inventory management","score":0.9039999842643738},{"id":"https://openalex.org/keywords/accounts-payable","display_name":"accounts payable","score":0.9509999752044678},{"id":"https://openalex.org/keywords/economic-growth","display_name":"economic growth","score":0.8320000171661377},{"id":"https://openalex.org/keywords/indian-smes","display_name":"Indian SMEs","score":0.9459999799728394}],"concepts":[{"id":"https://openalex.org/C129361004","wikidata":"https://www.wikidata.org/wiki/Q2470236","display_name":"Profitability index","level":2,"score":0.9323524236679077},{"id":"https://openalex.org/C162078301","wikidata":"https://www.wikidata.org/wiki/Q250058","display_name":"Accounts payable","level":3,"score":0.9251608848571777},{"id":"https://openalex.org/C60679458","wikidata":"https://www.wikidata.org/wiki/Q823288","display_name":"Working capital","level":2,"score":0.9164122343063354},{"id":"https://openalex.org/C110000284","wikidata":"https://www.wikidata.org/wiki/Q1499557","display_name":"Cash conversion cycle","level":4,"score":0.6635401248931885},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.5935705900192261},{"id":"https://openalex.org/C202451310","wikidata":"https://www.wikidata.org/wiki/Q328554","display_name":"Accounts receivable","level":2,"score":0.5356959700584412},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.4799956977367401},{"id":"https://openalex.org/C83646750","wikidata":"https://www.wikidata.org/wiki/Q193893","display_name":"Capital (architecture)","level":2,"score":0.4344973862171173},{"id":"https://openalex.org/C40700","wikidata":"https://www.wikidata.org/wiki/Q1411783","display_name":"Industrial organization","level":1,"score":0.3820435106754303},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.3734966218471527},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.3327972888946533},{"id":"https://openalex.org/C163428354","wikidata":"https://www.wikidata.org/wiki/Q1047513","display_name":"Cash flow","level":2,"score":0.3162304759025574},{"id":"https://openalex.org/C76087492","wikidata":"https://www.wikidata.org/wiki/Q1047352","display_name":"Cash management","level":3,"score":0.16241157054901123},{"id":"https://openalex.org/C145097563","wikidata":"https://www.wikidata.org/wiki/Q1148747","display_name":"Payment","level":2,"score":0.15362054109573364},{"id":"https://openalex.org/C166957645","wikidata":"https://www.wikidata.org/wiki/Q23498","display_name":"Archaeology","level":1,"score":0.0},{"id":"https://openalex.org/C95457728","wikidata":"https://www.wikidata.org/wiki/Q309","display_name":"History","level":0,"score":0.0}],"mesh":[],"locations_count":3,"locations":[{"id":"doi:10.1177/2278533720923513","doi":"https://doi.org/10.1177/2278533720923513","is_oa":false,"landing_page_url":"https://doi.org/10.1177/2278533720923513","pdf_url":null,"source":{"id":"https://openalex.org/S4210184796","display_name":"Business Perspectives and Research","issn_l":"2278-5337","issn":["2278-5337","2394-9937"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-c","cwts-core","jufo-1","poland-20","russia-white-list-2"],"host_organization":"https://openalex.org/P4310320017","host_organization_name":"SAGE Publishing","host_organization_lineage":["https://openalex.org/P4310320017"],"host_organization_lineage_names":["SAGE Publishing"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Business Perspectives and Research","raw_type":"journal-article"},{"id":"mag:3162515919","doi":null,"is_oa":false,"landing_page_url":"https://EconPapers.repec.org/RePEc:sae:busper:v:9:y:2021:i:1:p:144-158","pdf_url":null,"source":{"id":"https://openalex.org/S4210184796","display_name":"Business Perspectives and Research","issn_l":"2278-5337","issn":["2278-5337","2394-9937"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-c","cwts-core","jufo-1","poland-20","russia-white-list-2"],"host_organization":"https://openalex.org/P4310320017","host_organization_name":"SAGE Publishing","host_organization_lineage":["https://openalex.org/P4310320017"],"host_organization_lineage_names":["SAGE Publishing"],"type":"journal"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"Business Perspectives and Research","raw_type":null},{"id":"pmh:oai:RePEc:sae:busper:v:9:y:2021:i:1:p:144-158","doi":null,"is_oa":false,"landing_page_url":"https://journals.sagepub.com/doi/10.1177/2278533720923513","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"}],"best_oa_location":null,"sustainable_development_goals":[{"display_name":"Decent work and economic growth","id":"https://metadata.un.org/sdg/8","score":1.0}],"sustainable_development_goals_aurora":[{"display_name":"Decent work and economic growth","id":"https://metadata.un.org/sdg/8","score":0.5400000214576721}],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":50,"referenced_works":["https://openalex.org/W172099659","https://openalex.org/W188148118","https://openalex.org/W1488529727","https://openalex.org/W1531214395","https://openalex.org/W1533045695","https://openalex.org/W1965254863","https://openalex.org/W1966435194","https://openalex.org/W1998312670","https://openalex.org/W2000578291","https://openalex.org/W2013704297","https://openalex.org/W2016711683","https://openalex.org/W2023923123","https://openalex.org/W2026020477","https://openalex.org/W2029268804","https://openalex.org/W2032584025","https://openalex.org/W2034084704","https://openalex.org/W2041572874","https://openalex.org/W2050528890","https://openalex.org/W2086837466","https://openalex.org/W2103917967","https://openalex.org/W2118420923","https://openalex.org/W2127756437","https://openalex.org/W2133049119","https://openalex.org/W2138239878","https://openalex.org/W2147659916","https://openalex.org/W2160822053","https://openalex.org/W2166998503","https://openalex.org/W2173381789","https://openalex.org/W2187244557","https://openalex.org/W2308345549","https://openalex.org/W2320419370","https://openalex.org/W2321649213","https://openalex.org/W2330685566","https://openalex.org/W2335619996","https://openalex.org/W2519995698","https://openalex.org/W2565891681","https://openalex.org/W2785910076","https://openalex.org/W2897150237","https://openalex.org/W3012832324","https://openalex.org/W3121210261","https://openalex.org/W3121588676","https://openalex.org/W3122318853","https://openalex.org/W3122521309","https://openalex.org/W3124780013","https://openalex.org/W3125170278","https://openalex.org/W3125748266","https://openalex.org/W4207028450","https://openalex.org/W4213071166","https://openalex.org/W4252662773","https://openalex.org/W4297081765"],"related_works":["https://openalex.org/W2259458328","https://openalex.org/W4416729550","https://openalex.org/W3152884119","https://openalex.org/W3086603583","https://openalex.org/W2574306785","https://openalex.org/W3121311800","https://openalex.org/W3199036267","https://openalex.org/W7034895959","https://openalex.org/W2060346360","https://openalex.org/W7095409363"],"abstract_inverted_index":{"The":[0,57,135],"present":[1],"study":[2,58,159],"investigates":[3],"the":[4,16,31,41,60,81,90,101,126,142,158,163],"relationship":[5,62,70],"between":[6],"working":[7,28,148],"capital":[8,29,149],"management":[9,26,111,150],"and":[10,36,73,106,117],"SME":[11,77,133],"profitability.":[12,78,134,154],"It":[13,79],"also":[14],"analyzes":[15],"impact":[17],"of":[18,27,33,63,71,103],"macroeconomic":[19,128,164],"impulses":[20],"on":[21],"firm":[22,82,143],"profitability":[23,87],"through":[24],"efficient":[25],"in":[30,114],"case":[32],"Indian":[34,169],"small":[35,122],"medium":[37],"scale":[38,123],"enterprises":[39],"over":[40],"time":[42],"period":[43],"spanning":[44],"from":[45,137],"2010":[46],"to":[47,93,121,145,152,161],"2017":[48],"using":[49],"Feasible":[50],"Generalized":[51],"Least":[52],"Square":[53],"(FGLS)":[54],"regression":[55],"models.":[56],"concludes":[59],"negative":[61],"account":[64,74],"receivables":[65],"together":[66],"with":[67,76],"a":[68,108],"positive":[69],"inventories":[72],"payables":[75],"implies":[80],"managers":[83,144],"can":[84],"maximize":[85,153],"SME\u2019s":[86],"by":[88,99],"converting":[89],"credit":[91],"sales":[92],"cash":[94],"as":[95,97],"early":[96],"possible,":[98],"increasing":[100],"days":[102],"accounts":[104],"payable":[105],"following":[107],"conservative":[109],"inventory":[110],"strategy.":[112],"Changes":[113],"economic":[115],"growth":[116],"commercial":[118],"bank":[119],"advances":[120],"industries":[124],"are":[125,131],"key":[127],"determinants":[129],"that":[130,166],"impacting":[132],"results":[136],"this":[138],"paper":[139],"may":[140,156],"guide":[141],"shape":[146],"their":[147],"strategies":[151],"Policymakers":[155],"find":[157],"interesting":[160],"identify":[162],"parameters":[165],"significantly":[167],"influence":[168],"SMEs.":[170]},"counts_by_year":[{"year":2026,"cited_by_count":3},{"year":2025,"cited_by_count":6},{"year":2024,"cited_by_count":11},{"year":2023,"cited_by_count":7},{"year":2022,"cited_by_count":5},{"year":2021,"cited_by_count":2}],"updated_date":"2026-10-14T16:39:01.820549","created_date":"2020-06-19T00:00:00"}
