RT Journal Article
T1 Working capital management and firm sales growth: evidence from fish processing industry
A1 Rodeiro-Pazos, David
A1 Fernández López, Sara
A1 Ríos Rodríguez, Raúl
A1 Dios Vicente, Adrián
K1 Dynamic panel data
K1 Firm growth
K1 Fish processing industry
K1 Tradecredit policies
K1 Working capital management
AB Working capital management (WCM) is a critical matter forthe growth of firms, especially small and medium‐sizedmanufacturing companies faced with liquidity shortageswhose current assets account for a significant part of theirinvestments. These characteristics describe most compa-nies in the fish processing industry. Using a sample of morethan 1050 European fish processing companies duringthe period 2013–2020 and applying dynamic panel datamethods, this paper analyses the extent to which workingcapital investment and financing policies affect firm's salesgrowth. The empirical evidence reveals that the trade creditchannel (i.e., accounts receivable and accounts payable)enhances sales growth, while the opposite effect is foundfor investment in inventories. Additionally, the findingsinsist on the importance of financing current assets withpositive working capital to boost sales growth. [EconLitCitations: C23, G31, L25, L79, Q22]
PB Wiley
SN 0742-4477
YR 2023
FD 2023
LK http://hdl.handle.net/10347/30781
UL http://hdl.handle.net/10347/30781
LA eng
NO Rodeiro-Pazos, D., Fernández-López, S., Rios-Rodríguez, R., & Dios-Vicente, A. (2023). Working capital management and firm sales growth: Evidence from fish processing industry. Agribusiness, 1– 25. https://doi.org/10.1002/agr.21816
DS Minerva
RD 29 abr 2026