{"id":"https://openalex.org/W3092418490","doi":"https://doi.org/10.46223/hcmcoujs.econ.en.7.2.184.2017","title":"Effects of working capital management on firm performance and firm value \u2013 A study of the fisheries industry in Vietnam","display_name":"Effects of working capital management on firm performance and firm value \u2013 A study of the fisheries industry in Vietnam","publication_year":2020,"publication_date":"2020-04-14","ids":{"openalex":"https://openalex.org/W3092418490","doi":"https://doi.org/10.46223/hcmcoujs.econ.en.7.2.184.2017","mag":"3092418490"},"language":"en","primary_location":{"id":"doi:10.46223/hcmcoujs.econ.en.7.2.184.2017","doi":"https://doi.org/10.46223/hcmcoujs.econ.en.7.2.184.2017","is_oa":true,"landing_page_url":"https://doi.org/10.46223/hcmcoujs.econ.en.7.2.184.2017","pdf_url":null,"source":{"id":"https://openalex.org/S4210192796","display_name":"PROCEEDINGS","issn_l":"1859-3453","issn":["1859-3453"],"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"journal"},"license":"cc-by-nc","license_id":"https://openalex.org/licenses/cc-by-nc","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"HCMCOUJS - ECONOMICS AND BUSINESS ADMINISTRATION","raw_type":"journal-article"},"volume":null,"type":"article","is_traditional":true,"indexed_in":["crossref","doaj"],"open_access":{"is_oa":true,"oa_status":"hybrid","oa_url":"https://doi.org/10.46223/hcmcoujs.econ.en.7.2.184.2017","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5058127244","display_name":"V\u00f5 Th\u1ecb Qu\u00fd","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I123565023","display_name":"Vietnam National University Ho Chi Minh City","ror":"https://ror.org/00waaqh38","country_code":"VN","type":"education","lineage":["https://openalex.org/I123565023"]}],"countries":["VN"],"is_corresponding":false,"raw_author_name":"Vo Thi Quy","raw_affiliation_strings":["International University \u2013Vietnam National University HCMC"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"International University \u2013Vietnam National University HCMC","institution_ids":["https://openalex.org/I123565023"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5024894095","display_name":"Le Th\u1ecb Minh Nguyen","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I208356959","display_name":"V\u0103n Hi\u1ebfn University","ror":"https://ror.org/00vbzs544","country_code":"VN","type":"education","lineage":["https://openalex.org/I208356959"]}],"countries":["VN"],"is_corresponding":false,"raw_author_name":"Le Thi Minh Nguyen","raw_affiliation_strings":["Van Hien University"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Van Hien University","institution_ids":["https://openalex.org/I208356959"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":2,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":2.18,"has_fulltext":true,"cited_by_count":9,"citation_normalized_percentile":{"value":0.87444223,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":88,"max":95},"biblio":{"volume":"7","issue":"2","first_page":null,"last_page":null},"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/1803","display_name":"Management Science and Operations Research"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","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/cash-conversion-cycle","display_name":"cash conversion cycle","score":0.9879999756813049},{"id":"https://openalex.org/keywords/firm-performance","display_name":"firm performance","score":0.8410000205039978},{"id":"https://openalex.org/keywords/firm-value","display_name":"firm value","score":0.9919999837875366},{"id":"https://openalex.org/keywords/inventory-days","display_name":"inventory days","score":0.9900000095367432},{"id":"https://openalex.org/keywords/return-on-assets","display_name":"return on assets","score":0.8090000152587891},{"id":"https://openalex.org/keywords/tobin-s-q","display_name":"Tobin's Q","score":0.9869999885559082},{"id":"https://openalex.org/keywords/fishing-industry","display_name":"fishing industry","score":0.7329999804496765},{"id":"https://openalex.org/keywords/vietnamese-stock-market","display_name":"Vietnamese stock market","score":0.5659999847412109}],"concepts":[{"id":"https://openalex.org/C202451310","wikidata":"https://www.wikidata.org/wiki/Q328554","display_name":"Accounts receivable","level":2,"score":0.9601424932479858},{"id":"https://openalex.org/C162078301","wikidata":"https://www.wikidata.org/wiki/Q250058","display_name":"Accounts payable","level":3,"score":0.9542783498764038},{"id":"https://openalex.org/C60679458","wikidata":"https://www.wikidata.org/wiki/Q823288","display_name":"Working capital","level":2,"score":0.9070003032684326},{"id":"https://openalex.org/C110000284","wikidata":"https://www.wikidata.org/wiki/Q1499557","display_name":"Cash conversion cycle","level":4,"score":0.8592028021812439},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.5565906763076782},{"id":"https://openalex.org/C23032112","wikidata":"https://www.wikidata.org/wiki/Q1344727","display_name":"Enterprise value","level":2,"score":0.4658675193786621},{"id":"https://openalex.org/C163428354","wikidata":"https://www.wikidata.org/wiki/Q1047513","display_name":"Cash flow","level":2,"score":0.4629908800125122},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.3782733678817749},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.3489338755607605},{"id":"https://openalex.org/C166819830","wikidata":"https://www.wikidata.org/wiki/Q2025903","display_name":"Operating cash flow","level":3,"score":0.19135984778404236},{"id":"https://openalex.org/C145097563","wikidata":"https://www.wikidata.org/wiki/Q1148747","display_name":"Payment","level":2,"score":0.0799279510974884}],"mesh":[],"locations_count":4,"locations":[{"id":"doi:10.46223/hcmcoujs.econ.en.7.2.184.2017","doi":"https://doi.org/10.46223/hcmcoujs.econ.en.7.2.184.2017","is_oa":true,"landing_page_url":"https://doi.org/10.46223/hcmcoujs.econ.en.7.2.184.2017","pdf_url":null,"source":{"id":"https://openalex.org/S4210192796","display_name":"PROCEEDINGS","issn_l":"1859-3453","issn":["1859-3453"],"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"journal"},"license":"cc-by-nc","license_id":"https://openalex.org/licenses/cc-by-nc","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"HCMCOUJS - ECONOMICS AND BUSINESS ADMINISTRATION","raw_type":"journal-article"},{"id":"pmh:oai:journalofscience.ou.edu.vn:article/184","doi":null,"is_oa":true,"landing_page_url":"https://journalofscience.ou.edu.vn/index.php/econ-en/article/view/184","pdf_url":"https://journalofscience.ou.edu.vn/index.php/econ-en/article/download/184/150","source":{"id":"https://openalex.org/S4210217349","display_name":"Ho Chi Minh City Open University Journal of Science- Economics and Business Administration","issn_l":"2734-9314","issn":["2734-9314","2734-9586"],"is_oa":true,"is_in_doaj":true,"is_core":false,"listed_in":["doaj"],"host_organization":"https://openalex.org/I4210096063","host_organization_name":"Ho Chi Minh City Open University","host_organization_lineage":["https://openalex.org/I4210096063"],"host_organization_lineage_names":[],"type":"journal"},"license":"cc-by-nc","license_id":"https://openalex.org/licenses/cc-by-nc","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"2734-9314","raw_type":"info:eu-repo/semantics/article"},{"id":"pmh:oai:RePEc:bjw:econen:v:7:y:2017:i:2:p:42-52","doi":null,"is_oa":false,"landing_page_url":"https://journalofscience.ou.edu.vn/index.php/econ-en/article/view/184/150","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"},{"id":"pmh:oai:doaj.org/article:8c26a40d52294e58be7e695359621935","doi":null,"is_oa":true,"landing_page_url":"https://doaj.org/article/8c26a40d52294e58be7e695359621935","pdf_url":null,"source":{"id":"https://openalex.org/S4306401280","display_name":"DOAJ (DOAJ: Directory of Open Access Journals)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by-sa","license_id":"https://openalex.org/licenses/cc-by-sa","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"Ho Chi Minh City Open University Journal of Science - Economics and Business Administration, Vol 7, Iss 2, Pp 42-52 (2017)","raw_type":"article"}],"best_oa_location":{"id":"doi:10.46223/hcmcoujs.econ.en.7.2.184.2017","doi":"https://doi.org/10.46223/hcmcoujs.econ.en.7.2.184.2017","is_oa":true,"landing_page_url":"https://doi.org/10.46223/hcmcoujs.econ.en.7.2.184.2017","pdf_url":null,"source":{"id":"https://openalex.org/S4210192796","display_name":"PROCEEDINGS","issn_l":"1859-3453","issn":["1859-3453"],"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"journal"},"license":"cc-by-nc","license_id":"https://openalex.org/licenses/cc-by-nc","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"HCMCOUJS - ECONOMICS AND BUSINESS ADMINISTRATION","raw_type":"journal-article"},"sustainable_development_goals":[{"display_name":"Decent work and economic growth","score":1.0,"id":"https://metadata.un.org/sdg/8"}],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":true,"grobid_xml":true},"content_urls":{"pdf":"https://content.openalex.org/works/W3092418490.pdf","grobid_xml":"https://content.openalex.org/works/W3092418490.grobid-xml"},"referenced_works_count":3,"referenced_works":["https://openalex.org/W1601130293","https://openalex.org/W2137157428","https://openalex.org/W3124780013"],"related_works":["https://openalex.org/W4399140876","https://openalex.org/W3012407004","https://openalex.org/W3110166203","https://openalex.org/W2898663319","https://openalex.org/W2339090696","https://openalex.org/W2974870744","https://openalex.org/W4302425439","https://openalex.org/W4408210469","https://openalex.org/W3012715238","https://openalex.org/W2344317490"],"abstract_inverted_index":{"This":[0],"research":[1,78,108],"investigates":[2],"the":[3,34,37,49,60,73,81,122],"effects":[4,35],"of":[5,36,54,137],"working":[6,38,114,124],"capital":[7,39,115,125],"management":[8,40],"through":[9],"cash":[10,82],"conversion":[11,83],"cycle":[12],"and":[13,26,45,91,103,134],"its":[14],"components":[15],"(average":[16],"receivable":[17,86],"days":[18,23,29,94],"-":[19,30],"ARD,":[20],"average":[21,27,85,88,92],"inventory":[22,89],"\u2013":[24],"AID,":[25],"payable":[28,93],"APD),":[31],"along":[32],"with":[33,59],"policies":[41],"on":[42,68,99,131],"firm":[43,46,100,104,132,135],"performance":[44,101,133],"value":[47,105,136],"in":[48,72],"fisheries":[50,65,138],"industry.":[51],"Generalized":[52],"Method":[53],"Moment":[55],"(GMM)":[56],"was":[57],"applied":[58],"data":[61],"collected":[62],"from":[63],"21":[64],"companies":[66],"listed":[67],"Vietnam's":[69],"stock":[70],"market":[71],"period":[74],"2008":[75],"-2012.":[76],"The":[77,107],"found":[79],"that":[80,112],"cycle,":[84],"days,":[87,90],"have":[95],"a":[96,118,128],"negative":[97,119],"impact":[98,130],"(ROA)":[102],"(Tobin'Q).":[106],"results":[109],"also":[110],"showed":[111],"aggressive":[113],"policy":[116,126],"has":[117,127],"impact,":[120],"but":[121],"conservative":[123],"positive":[129],"selected":[139],"companies.":[140]},"counts_by_year":[{"year":2026,"cited_by_count":1},{"year":2025,"cited_by_count":2},{"year":2024,"cited_by_count":1},{"year":2023,"cited_by_count":1},{"year":2022,"cited_by_count":2},{"year":2021,"cited_by_count":2}],"updated_date":"2026-11-08T12:12:28.789561","created_date":"2020-10-15T00:00:00"}