关于公司企业资金现金流量财务绩效有关 的外文文献翻译：现金流管理与制造公司的财务绩效 一个纵向视角.pdf

Int. J. Production Economics 148 (2014) 37–50 Contents lists available at ScienceDirect Int. J. Production Economics journal homepage: /locate/ijpe Cash flow management and manufacturing firm financial performance: A longitudinal perspective James R. Kroes a,n, Andrew S. Manikas b,1 a Boise State University, College of Business and Economics, 1910 University Drive, Boise, ID 83725, United States b University of Louisville, Management Department, College of Business, Louisville, KY 40292, United States a r t i c l e i n f o a b s t r a c t Article history: A firm's cash flow policies, which manage working capital in the form of cash receivables from Received 7 August 2013 customers, inventory holdings, and cash payments to suppliers, are inexorably linked to the firm's Accepted 8 November 2013 operations. Building on earlier research, this study: (i) extends prior studies by examining the relation- Available online 18 November 2013 ships between changes in cash flow measures and changes in firm financial performance using a Keywords: longitudinal sample of firm data; and (ii) investigates the direction of the relationship between quarterly Cash flow changes in cash flow positions and firm financial performance. This study is conducted using the Supply chain management Generalized Estimating Equations (GEE) methodology to analyze a longitudinal