References

• Deloof, M. (2003). Does Working Capital Management Affect Profitability of Belgian Firms? Journal of Business Finance Accounting, 30(3-4), 573–588. https://doi.org/10.1111/1468-5957.00008
• Dong, S., Guariglia, A., & Knight, J. (2013). Investment and financing constraints in China: Does working capital management make a difference? Journal of Banking & Finance, 37(5), 1490-1507. https://doi.org/10.1016/j.jbankfin.2012.03.025
• Enqvist, J., Graham, M., & Nikkinen, J. (2014). The impact of working capital management on firm profitability in different business cycles: Evidence from Finland. Research in International Business and Finance, 32, 36-49. https://doi.org/10.1016/j.ribaf.2014.03.005
• Falope, O. I., & Ajilore, O. T. (2009). Working Capital Management and Corporate Profitability: Evidence from Panel Data Analysis of Selected Quoted Companies in Nigeria. Research Journal of Business Management, 3(3), 73–84. https://doi.org/10.3923/rjbm.2009.73.84
• Gill, A., Biger, N., Mathur, N. (2010). The relationship between working capital management and corporate profitability: evidence from the United States. Business and Economics Journal, 1-9.
• Gill, A. S., & Biger, N. (2013). The impact of corporate governance on working capital management efficiency of American manufacturing firms. Managerial Finance, 39(2), 116–132. https://doi.org/10.1108/03074351311293981
• Gracia-Teruel, J. P., & Martinez-Solano, P. (2007). Effects of working capital management on SME profitability. International Journal of Managerial Finance, 164-177. https://doi.org/10.2139/ssrn.894865
• Jose, M. L., Lancaster, C., & Stevens, J. L. (1996). Corporate returns and cash conversion cycles. Journal of Economics and Finance, 20(1), 33–46. https://doi.org/10.1007/bf02920497
• Kumaraswamy, S. (2016). Impact of working capital mangement on financial performance of Gulf cooperation council firms, International Journal of Economics and Financial Issues, 6(3),1136-1142.
• Lazaridis, I., & Tryfonidis, D. (2006). Relationship between working capital management and profitability of listed companies in the Athens stock exchange, Journal of Financial Management and Analysis, 19(1), 26-35.
• Mansoor, E. & Dr. Muhammad (2012), The effect of working capital management on firm's profitability: evidence from Singapore, Interdisciplinary Journal of Contemporary Research in Business, 4(5), 472-486.
• Marttonen, S., Monto, S., & Kärri, T. (2013). Profitable working capital management in industrial maintenance companies. Journal of Quality in Maintenance Engineering, 19(4), 429– 446. https://doi.org/10.1108/jqme-08-2013-0054
• Mathuva, D. M. (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. https://doi.org/10.3923/rjbm.2010.1.11
• Nasreen, S., Khanam, F., & Pirzada, S. S. (2014). Impact of working capital mangement on firm's profitability. Research Journal of Finance and Accounting. 2222-2847.
• Orobia, L. A., Byabashaija, W., Munene, J. C., Sejjaaka, S. K., & Musinguzi, D. (2013). How do small business owners manage working capital in an emerging economy? Qualitative Research in Accounting & Management, 10(2), 127– 143. https://doi.org/10.1108/qram-02-2012-0008
• Ponsian, N., Chrispina, K., Tago, G., & Mkiibi, H. (2014). The effect of working capital mangement on profitability. International Journal of Economics, Finance and Management Sciences, 2(6), 347-355.
• 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.
• Pais, A. M., & Gama, M. P. (2015). Working capital management and SMEs profitability: Portuguese evidence. International Journal of Managerial Finance, 11(3), 341-358. https://doi.org/10.1108/IJMF-11-2014-0170
• Raheman, A., & Nasr, M. (2007). Working capital management and profitability- Case of Pakistani firms. International Review of Business Research Papers, 3(1), 279-300.
• Raza, M. Yousaf., Bashir, M., Latif, K., Shah, T. S., & Ahmed, M. (2015). Impact of working capital management on profitability: Evidence from Pakistan oil sector. International Journal of Accounting and Financial Reporting, 1(1), 286. https://doi.org/10.5296/ijafr.v5i1.7825
• Saghir, A., Hashmi, M. F., & Hussain, N. M. (2011). Working capital management andprofitability: Evidence from Pakistan firms. Journal of Contemporary Research in Business, 3(8), 1092-1105.
• Sharma, A. K., & Kumar, S. (2010). Effect of Working Capital Management on Firm Profitability. Global Business Review, 12(1), 159–173. https://doi.org/10.1177/097215091001200110
• Shin, H-H., & Soenen, L. (1998). Effeciency of working capital management and corporate profitability. Financial Practice and Education, 8, 37-45 .
• Singh, P.H., & Kumar, S. (2014). (2014). Working capital management: a literature review and research agenda. Qualitative Research in Financial Markets, 6(2), 173– 197. https://doi.org/10.1108/qrfm-04-2013-0010
• Wasiuzzaman, S. (2015). Working capital and firm value in an emerging market. International Journal of Managerial Finance, 11(1), 60–79. https://doi.org/10.1108/ijmf-01-2013-0016