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- W4200375655 abstract "This study explores the role of business group affiliation in the working capital management of affiliated firms using a large sample of privately held firms in continental Europe. We show that small firms, but not medium-sized or large firms, affiliated with a business group have more operating working capital. This result is consistent with the hypothesis that affiliation with a business group relaxes financing constraints for affiliates’ investment in working capital. Additional results reveal a common financial management of working capital at the group level." @default.
- W4200375655 created "2021-12-31" @default.
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- W4200375655 date "2022-05-06" @default.
- W4200375655 modified "2023-09-30" @default.
- W4200375655 title "The oak and the reed: Working capital management and the role of business group affiliation" @default.
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- W4200375655 doi "https://doi.org/10.3917/fina.pr.0005" @default.
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