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Laureano, L., Neves, Luís & Laureano, Raul M. S. (2013). Working Capital in the Telecom Industry. 5th Global Management Conference.
L. M. Laureano et al., "Working Capital in the Telecom Industry", in 5th Global Management Conf., Lisboa, 2013
@misc{laureano2013_1733299644962, author = "Laureano, L. and Neves, Luís and Laureano, Raul M. S.", title = "Working Capital in the Telecom Industry", year = "2013", howpublished = "Outro", url = "" }
TY - CPAPER TI - Working Capital in the Telecom Industry T2 - 5th Global Management Conference AU - Laureano, L. AU - Neves, Luís AU - Laureano, Raul M. S. PY - 2013 CY - Lisboa AB - We examine the relationship between profitability and efficiency of working capital management in the telecommunication services industry. Our sample consists of 48 companies classified by Reuters® as Integrated Telecommunication Operators, resulting in 488 firm-year observations for the period 1998-2009. We find evidence that the Net Trade Cycle is a better measure of efficiency of working capital management in the telecommunication industry, when compared with the Cash Conversion Cycle. Increasing the Net Trade Cycle represents an enhancement in the profitability of the telecom operators. This increase at the Net Trade Cycle level can be generated by reducing the number of day sales of accounts payable. ER -