A REVIEW OF WORKING CAPITAL MANAGEMENT: A BIBLIOMETRIC STUDY FOR FUTURE DIRECTIONS

Authors

  • Rajni Chaudhary Research Scholar, Himachal Pradesh University, Summerhill, Shimla, Himachal Pradesh, India
  • Usha Sharma Professor, Himachal Pradesh University, Summerhill, Shimla, Himachal Pradesh, India

DOI:

https://doi.org/10.21276/IERJ24378981871950

Keywords:

Working Capital, Working Capital Management, Bibiometric Analysis

Abstract

Purpose – This study's goal is to analyze working capital management bibliometrically. This research covers the nation's scientific output between 2003 and 2024, including the quantity of articles published, the most influential papers, the most creative authors, and the most influential journals. In addition, one of the study's goals has been to identify gaps by utilizing various keywords.

Design/ Methodology- The study found 125 documents that were obtained from the Scopus database and analyzed bibliometrically using VosViewer and R-Studio.

Findings-  With 23 publications, 2023 was the most productive year. Ahsan and Minhas Akbar were the most creative writers during that time. United Kingdom ranked first among influential countries, with 258 citations, followed by the Portugal . The publication that received the most citations was "Is Working Capital Management Value: enhancing Evidence from firm performance." In addition, the writers discovered that there was no keyword linkage to identify the research gap.

Research implication- It provided guidance on the present status of the study to upcoming researchers and business owners.

References

I. Aktas, N., Croci, E., & Petmezas, D. (2015). Is working capital management value-enhancing? Evidence from firm performance and investments. Journal of Corporate Finance, 30(1), 98–113. Scopus. https://doi.org/10.1016/j.jcorpfin.2014.12.008

II. Aldubhani, M. A., Wang, J., Gong, T., & Maudhah, R. A. (2022). Impact of working capital management on profitability: Evidence from listed companies in Qatar. Journal of Money and Business, 2(1), 70–81.

III. Ali, M. J. (2021). Understanding the ‘g-index’ and the ‘e-index.’ Seminars in Ophthalmology, 36(4), 139–139. https://doi.org/10.1080/08820538.2021.1922975

IV. Aminu, Y., & Zainudin, N. (2015). A review of anatomy of working capital management theories and the relevant linkages to working capital components: A theoretical building approach. European Journal of Business and Management, 7(2), 10–18.

V. Anton, S. G., & Afloarei Nucu, A. E. (2021). The Impact of Working Capital Management on Firm Profitability: Empirical Evidence from the Polish Listed Firms. Journal of Risk and Financial Management, 14(1). Scopus. https://doi.org/10.3390/jrfm14010009

VI. Bintara, R. (2020). The effect of working capital, liquidity and leverage on profitability. Saudi Journal of Economics and Finance, 4(01), 28–35.

VII. Boțoc, C., & Anton, S. G. (2017). Is profitability driven by working capital management? Evidence for high-growth firms from emerging Europe. Journal of Business Economics and Management, 18(6), 1135–1155. Scopus. https://doi.org/10.3846/16111699.2017.1402362

VIII. Deloof, M. (2003). Does working capital management affect profitability of Belgian firms? Journal of Business Finance & Accounting, 30(3–4), 573–588.

IX. Ding, S., Guariglia, A., & Knight, J. (2013). Investment and financing constraints in China: Does working capital management make a difference? Journal of Banking and Finance, 37(5), 1490–1507. Scopus. https://doi.org/10.1016/j.jbankfin.2012.03.025

X. Gill, A., Biger, N., & Mathur, N. (2010). The relationship between working capital management and profitability: Evidence from the United States. Business and Economics Journal, 10(1), 1–9.

XI. Gill, A., Biger, N., Tibrewala, R., & Prabhakar, P. (2016). The impact of merger on working capital management efficiency of American production firms. Corporate Ownership and Control, 13(3), 100–110. Scopus. https://doi.org/10.22495/cocv13i3p9

XII. Khan, M.A., Pattnaik, D., Ashraf, R., Ali, I., Kumar, S. and Donthu, N. (2021) ‘Value of special issues in the journal of business research: A bibliometric analysis’, Journal of Business Research, Vol. 125, pp.295–313. (n.d.).

XIII. 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).

XIV. Mathuva, D. M. (2009). 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

XV. Naz, M. A., Ali, R., Rehman, R. U., & Ntim, C. G. (2022). Corporate governance, working capital management, and firm performance: Some new insights from agency theory. Managerial and Decision Economics, 43(5), 1448–1461.

XVI. Pais, M. A., & Gama, P. M. (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

XVII. Pirttilä, M., Virolainen, V. M., Lind, L., & Kärri, T. (2020). Working capital management in the Russian automotive industry supply chain. International Journal of Production Economics, 221. Scopus. https://doi.org/10.1016/j.ijpe.2019.08.009

XVIII. Raheman, A., & Nasr, M. (2007). Working capital management and profitability–case of Pakistani firms. International Review of Business Research Papers, 3(1), 279–300.

XIX. Wang, Z., Akbar, M., & Akbar, A. (2020). The interplay between working capital management and a firm’s financial performance across the corporate life cycle. Sustainability (Switzerland), 12(4). Scopus. https://doi.org/10.3390/su12041661

XX. Yazdanfar, D., & Öhman, P. (2014). The impact of cash conversion cycle on firm profitability: An empirical study based on Swedish data. International Journal of Managerial Finance, 10(4), 442–452. Scopus. https://doi.org/10.1108/IJMF-12-2013-0137

XXI. Zheng, X., Zhou, Y., & Iqbal, S. (2022). Working capital management of SMEs in COVID-19: Role of managerial personality traits and overconfidence behavior. Economic Analysis and Policy, 76, 439–451. Scopus. https://doi.org/10.1016/j.eap.2022.08.006

Websites

I. Metrics: h and g-index. (2016, February 6). Harzing.com. https://harzing.com/resources/publish-or-perish/tutorial/metrics/h-and-g-index

II. Working Capital Report 2019/20. (n.d.). PwC. https://www.pwc.com/gx/en/services/deals/business-recovery-restructuring/working-capital-opportunity.html

III. Unlocking capital freedom: Mastering working capital performance in a post-pandemic world. (n.d.). Deloitte United States. https://www2.deloitte.com/us/en/pages/advisory/articles/working-capital-management-report.html

IV. working capital management report 2021. (n.d.). https://assets.ey.com/.

Additional Files

Published

15-07-2024

How to Cite

Rajni Chaudhary, & Usha Sharma. (2024). A REVIEW OF WORKING CAPITAL MANAGEMENT: A BIBLIOMETRIC STUDY FOR FUTURE DIRECTIONS. International Education and Research Journal (IERJ), 10(7). https://doi.org/10.21276/IERJ24378981871950

Issue

Vol. 10 No. 7 (2024): JULY ISSUE, INTERNATIONAL EDUCATION AND RESEARCH JOURNAL

Section

Articles

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Copyright (c) 2024 International Education and Research Journal (IERJ)

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