Ontology type: schema:ScholarlyArticle
2017-01
AUTHORSGreg Filbeck, Xin Zhao, Ryan Knoll
ABSTRACTSince 1997, CFO Magazine has published a ranking of 1000 companies in its “Working Capital Scorecard.” Our research explores the question as to whether working capital management practices based on the accounting metrics used by CFO Magazine serve as a basis for investor-based strategies for superior return generation. We examine the stock performance of top ranked companies from 1997 to 2012 against benchmark portfolios. Controlling for market, market capitalization, book to market, momentum factors, liquidity factors, and corporate governance; the higher ranked firms produce statistically higher excess returns than bottom ranked firms. In bull market periods, firms with superior working capital management outperformed their counterparts on a raw and risk-adjusted basis. These top ranked firms also provide statistically significant active returns regardless of market cycle. In sum, our results indicate that shareholders reward firms with superior working capital management strategies with higher raw and risk-adjusted performance over longer holding periods across the economic cycle especially in bear markets cycles. More... »
PAGES265-288
http://scigraph.springernature.com/pub.10.1007/s11156-015-0550-0
DOIhttp://dx.doi.org/10.1007/s11156-015-0550-0
DIMENSIONShttps://app.dimensions.ai/details/publication/pub.1039897763
JSON-LD is the canonical representation for SciGraph data.
TIP: You can open this SciGraph record using an external JSON-LD service: JSON-LD Playground Google SDTT
[
{
"@context": "https://springernature.github.io/scigraph/jsonld/sgcontext.json",
"about": [
{
"id": "http://purl.org/au-research/vocabulary/anzsrc-for/2008/1502",
"inDefinedTermSet": "http://purl.org/au-research/vocabulary/anzsrc-for/2008/",
"name": "Banking, Finance and Investment",
"type": "DefinedTerm"
},
{
"id": "http://purl.org/au-research/vocabulary/anzsrc-for/2008/15",
"inDefinedTermSet": "http://purl.org/au-research/vocabulary/anzsrc-for/2008/",
"name": "Commerce, Management, Tourism and Services",
"type": "DefinedTerm"
}
],
"author": [
{
"affiliation": {
"alternateName": "Penn State Behrend",
"id": "https://www.grid.ac/institutes/grid.447418.a",
"name": [
"Penn State Erie, the Behrend College, 286 Burke, 16563, Erie, PA, USA"
],
"type": "Organization"
},
"familyName": "Filbeck",
"givenName": "Greg",
"id": "sg:person.012204747143.50",
"sameAs": [
"https://app.dimensions.ai/discover/publication?and_facet_researcher=ur.012204747143.50"
],
"type": "Person"
},
{
"affiliation": {
"alternateName": "Penn State Behrend",
"id": "https://www.grid.ac/institutes/grid.447418.a",
"name": [
"Penn State Erie, the Behrend College, 286 Burke, 16563, Erie, PA, USA"
],
"type": "Organization"
},
"familyName": "Zhao",
"givenName": "Xin",
"id": "sg:person.015674175703.28",
"sameAs": [
"https://app.dimensions.ai/discover/publication?and_facet_researcher=ur.015674175703.28"
],
"type": "Person"
},
{
"affiliation": {
"alternateName": "Bank of New York Mellon",
"id": "https://www.grid.ac/institutes/grid.467242.1",
"name": [
"Penn State Erie, the Behrend College, 286 Burke, 16563, Erie, PA, USA",
"BNY Mellon, 101 Barclay Street, 4th Floor West, 10286, New York City, NY, USA"
],
"type": "Organization"
},
"familyName": "Knoll",
"givenName": "Ryan",
"type": "Person"
}
],
"citation": [
{
"id": "https://doi.org/10.1111/1475-6803.00007",
"sameAs": [
"https://app.dimensions.ai/details/publication/pub.1000966746"
],
"type": "CreativeWork"
},
{
"id": "https://doi.org/10.1111/1475-6803.00007",
"sameAs": [
"https://app.dimensions.ai/details/publication/pub.1000966746"
],
"type": "CreativeWork"
},
{
"id": "sg:pub.10.1057/palgrave.jam.2240188",
"sameAs": [
"https://app.dimensions.ai/details/publication/pub.1002310788",
"https://doi.org/10.1057/palgrave.jam.2240188"
],
"type": "CreativeWork"
},
{
"id": "https://doi.org/10.1016/j.finmar.2008.03.001",
"sameAs": [
"https://app.dimensions.ai/details/publication/pub.1002394247"
],
"type": "CreativeWork"
},
{
"id": "https://doi.org/10.1111/1475-6803.t01-1-00002",
"sameAs": [
"https://app.dimensions.ai/details/publication/pub.1003865713"
],
"type": "CreativeWork"
},
{
"id": "https://doi.org/10.1016/s0304-405x(98)00027-0",
"sameAs": [
"https://app.dimensions.ai/details/publication/pub.1004007536"
],
"type": "CreativeWork"
},
{
"id": "https://doi.org/10.1016/s0304-405x(96)00890-2",
"sameAs": [
"https://app.dimensions.ai/details/publication/pub.1004483431"
],
"type": "CreativeWork"
},
{
"id": "https://doi.org/10.1108/eb028743",
"sameAs": [
"https://app.dimensions.ai/details/publication/pub.1006175361"
],
"type": "CreativeWork"
},
{
"id": "https://doi.org/10.1111/j.1475-6803.2007.00204.x",
"sameAs": [
"https://app.dimensions.ai/details/publication/pub.1008971711"
],
"type": "CreativeWork"
},
{
"id": "https://doi.org/10.1111/j.1540-6261.2006.00851.x",
"sameAs": [
"https://app.dimensions.ai/details/publication/pub.1009397228"
],
"type": "CreativeWork"
},
{
"id": "https://doi.org/10.1016/j.jfineco.2005.10.001",
"sameAs": [
"https://app.dimensions.ai/details/publication/pub.1009470546"
],
"type": "CreativeWork"
},
{
"id": "https://doi.org/10.1111/0022-1082.00206",
"sameAs": [
"https://app.dimensions.ai/details/publication/pub.1010103161"
],
"type": "CreativeWork"
},
{
"id": "https://doi.org/10.1111/jfir.12041",
"sameAs": [
"https://app.dimensions.ai/details/publication/pub.1010210834"
],
"type": "CreativeWork"
},
{
"id": "https://doi.org/10.1111/j.1467-629x.2012.00485.x",
"sameAs": [
"https://app.dimensions.ai/details/publication/pub.1010455702"
],
"type": "CreativeWork"
},
{
"id": "https://doi.org/10.1111/j.1540-6261.1992.tb04398.x",
"sameAs": [
"https://app.dimensions.ai/details/publication/pub.1013253575"
],
"type": "CreativeWork"
},
{
"id": "sg:pub.10.1007/s11156-007-0037-8",
"sameAs": [
"https://app.dimensions.ai/details/publication/pub.1014227532",
"https://doi.org/10.1007/s11156-007-0037-8"
],
"type": "CreativeWork"
},
{
"id": "https://doi.org/10.1111/1540-6261.00449",
"sameAs": [
"https://app.dimensions.ai/details/publication/pub.1015495030"
],
"type": "CreativeWork"
},
{
"id": "https://doi.org/10.1111/j.1540-6261.1996.tb05202.x",
"sameAs": [
"https://app.dimensions.ai/details/publication/pub.1017992270"
],
"type": "CreativeWork"
},
{
"id": "https://doi.org/10.1111/j.1540-6261.1994.tb04772.x",
"sameAs": [
"https://app.dimensions.ai/details/publication/pub.1018877938"
],
"type": "CreativeWork"
},
{
"id": "https://doi.org/10.1111/j.1540-6261.1977.tb01979.x",
"sameAs": [
"https://app.dimensions.ai/details/publication/pub.1020502676"
],
"type": "CreativeWork"
},
{
"id": "https://doi.org/10.1111/j.1540-6261.2006.00894.x",
"sameAs": [
"https://app.dimensions.ai/details/publication/pub.1021731649"
],
"type": "CreativeWork"
},
{
"id": "https://doi.org/10.1111/j.1755-053x.2010.01092.x",
"sameAs": [
"https://app.dimensions.ai/details/publication/pub.1021842712"
],
"type": "CreativeWork"
},
{
"id": "https://doi.org/10.1111/j.1755-053x.2010.01092.x",
"sameAs": [
"https://app.dimensions.ai/details/publication/pub.1021842712"
],
"type": "CreativeWork"
},
{
"id": "https://doi.org/10.1016/j.pacfin.2011.04.002",
"sameAs": [
"https://app.dimensions.ai/details/publication/pub.1022457342"
],
"type": "CreativeWork"
},
{
"id": "https://doi.org/10.1177/014920639001600112",
"sameAs": [
"https://app.dimensions.ai/details/publication/pub.1023973291"
],
"type": "CreativeWork"
},
{
"id": "https://doi.org/10.1177/014920639001600112",
"sameAs": [
"https://app.dimensions.ai/details/publication/pub.1023973291"
],
"type": "CreativeWork"
},
{
"id": "https://doi.org/10.1177/014920639001600112",
"sameAs": [
"https://app.dimensions.ai/details/publication/pub.1023973291"
],
"type": "CreativeWork"
},
{
"id": "sg:pub.10.1007/s11156-010-0220-1",
"sameAs": [
"https://app.dimensions.ai/details/publication/pub.1025910165",
"https://doi.org/10.1007/s11156-010-0220-1"
],
"type": "CreativeWork"
},
{
"id": "https://doi.org/10.1016/0304-405x(86)90065-6",
"sameAs": [
"https://app.dimensions.ai/details/publication/pub.1027707660"
],
"type": "CreativeWork"
},
{
"id": "https://doi.org/10.1111/j.1475-6803.1993.tb00147.x",
"sameAs": [
"https://app.dimensions.ai/details/publication/pub.1028382733"
],
"type": "CreativeWork"
},
{
"id": "https://doi.org/10.1016/s0304-405x(99)00054-9",
"sameAs": [
"https://app.dimensions.ai/details/publication/pub.1029622923"
],
"type": "CreativeWork"
},
{
"id": "https://doi.org/10.1111/j.1540-6261.1968.tb00815.x",
"sameAs": [
"https://app.dimensions.ai/details/publication/pub.1030781786"
],
"type": "CreativeWork"
},
{
"id": "https://doi.org/10.1111/j.1540-6261.2009.01493.x",
"sameAs": [
"https://app.dimensions.ai/details/publication/pub.1031732635"
],
"type": "CreativeWork"
},
{
"id": "https://doi.org/10.1016/0304-405x(93)90023-5",
"sameAs": [
"https://app.dimensions.ai/details/publication/pub.1032589120"
],
"type": "CreativeWork"
},
{
"id": "https://doi.org/10.1016/s1386-4181(01)00024-6",
"sameAs": [
"https://app.dimensions.ai/details/publication/pub.1036606806"
],
"type": "CreativeWork"
},
{
"id": "https://doi.org/10.1016/j.jbankfin.2012.07.009",
"sameAs": [
"https://app.dimensions.ai/details/publication/pub.1037026398"
],
"type": "CreativeWork"
},
{
"id": "https://doi.org/10.1111/j.1540-6261.1993.tb04702.x",
"sameAs": [
"https://app.dimensions.ai/details/publication/pub.1037663008"
],
"type": "CreativeWork"
},
{
"id": "https://doi.org/10.1016/s0304-405x(03)00146-6",
"sameAs": [
"https://app.dimensions.ai/details/publication/pub.1038622053"
],
"type": "CreativeWork"
},
{
"id": "https://doi.org/10.1016/s0304-405x(03)00146-6",
"sameAs": [
"https://app.dimensions.ai/details/publication/pub.1038622053"
],
"type": "CreativeWork"
},
{
"id": "https://doi.org/10.1111/j.1467-629x.2010.00359.x",
"sameAs": [
"https://app.dimensions.ai/details/publication/pub.1041986161"
],
"type": "CreativeWork"
},
{
"id": "https://doi.org/10.1111/0022-1082.00342",
"sameAs": [
"https://app.dimensions.ai/details/publication/pub.1042224327"
],
"type": "CreativeWork"
},
{
"id": "https://doi.org/10.1111/j.1467-629x.2009.00331.x",
"sameAs": [
"https://app.dimensions.ai/details/publication/pub.1043401285"
],
"type": "CreativeWork"
},
{
"id": "https://doi.org/10.1111/j.1467-629x.2009.00331.x",
"sameAs": [
"https://app.dimensions.ai/details/publication/pub.1043401285"
],
"type": "CreativeWork"
},
{
"id": "https://doi.org/10.1111/irfi.12019",
"sameAs": [
"https://app.dimensions.ai/details/publication/pub.1045936903"
],
"type": "CreativeWork"
},
{
"id": "https://doi.org/10.1016/s0304-405x(98)00026-9",
"sameAs": [
"https://app.dimensions.ai/details/publication/pub.1046050527"
],
"type": "CreativeWork"
},
{
"id": "https://doi.org/10.1111/j.1540-6261.1993.tb04701.x",
"sameAs": [
"https://app.dimensions.ai/details/publication/pub.1046306935"
],
"type": "CreativeWork"
},
{
"id": "sg:pub.10.1007/s11156-011-0250-3",
"sameAs": [
"https://app.dimensions.ai/details/publication/pub.1049086569",
"https://doi.org/10.1007/s11156-011-0250-3"
],
"type": "CreativeWork"
},
{
"id": "https://doi.org/10.1016/j.jfineco.2006.02.002",
"sameAs": [
"https://app.dimensions.ai/details/publication/pub.1049566310"
],
"type": "CreativeWork"
},
{
"id": "https://doi.org/10.1016/j.pacfin.2014.10.002",
"sameAs": [
"https://app.dimensions.ai/details/publication/pub.1052117027"
],
"type": "CreativeWork"
},
{
"id": "https://doi.org/10.1111/j.1540-6261.1996.tb05222.x",
"sameAs": [
"https://app.dimensions.ai/details/publication/pub.1053042577"
],
"type": "CreativeWork"
},
{
"id": "https://doi.org/10.1108/19355181200500007",
"sameAs": [
"https://app.dimensions.ai/details/publication/pub.1053216596"
],
"type": "CreativeWork"
},
{
"id": "https://doi.org/10.1086/233112",
"sameAs": [
"https://app.dimensions.ai/details/publication/pub.1058552045"
],
"type": "CreativeWork"
},
{
"id": "https://doi.org/10.1086/294846",
"sameAs": [
"https://app.dimensions.ai/details/publication/pub.1058604672"
],
"type": "CreativeWork"
},
{
"id": "https://doi.org/10.1093/rfs/14.1.1",
"sameAs": [
"https://app.dimensions.ai/details/publication/pub.1060005329"
],
"type": "CreativeWork"
},
{
"id": "https://doi.org/10.1093/rof/rfs043",
"sameAs": [
"https://app.dimensions.ai/details/publication/pub.1060013264"
],
"type": "CreativeWork"
},
{
"id": "https://doi.org/10.1142/s0219091513500136",
"sameAs": [
"https://app.dimensions.ai/details/publication/pub.1062990179"
],
"type": "CreativeWork"
},
{
"id": "https://doi.org/10.1162/00335530360535162",
"sameAs": [
"https://app.dimensions.ai/details/publication/pub.1063348945"
],
"type": "CreativeWork"
},
{
"id": "https://doi.org/10.2469/faj.v16.n4.43",
"sameAs": [
"https://app.dimensions.ai/details/publication/pub.1070832398"
],
"type": "CreativeWork"
},
{
"id": "https://doi.org/10.2469/faj.v35.n6.39",
"sameAs": [
"https://app.dimensions.ai/details/publication/pub.1070833844"
],
"type": "CreativeWork"
},
{
"id": "https://doi.org/10.2469/faj.v41.n6.60",
"sameAs": [
"https://app.dimensions.ai/details/publication/pub.1070834141"
],
"type": "CreativeWork"
},
{
"id": "https://doi.org/10.2469/faj.v50.n5.18",
"sameAs": [
"https://app.dimensions.ai/details/publication/pub.1070834693"
],
"type": "CreativeWork"
},
{
"id": "https://doi.org/10.2469/faj.v60.n1.2593",
"sameAs": [
"https://app.dimensions.ai/details/publication/pub.1070835396"
],
"type": "CreativeWork"
},
{
"id": "https://doi.org/10.2469/faj.v62.n4.4189",
"sameAs": [
"https://app.dimensions.ai/details/publication/pub.1070835623"
],
"type": "CreativeWork"
},
{
"id": "https://doi.org/10.2469/faj.v64.n2.8",
"sameAs": [
"https://app.dimensions.ai/details/publication/pub.1070835777"
],
"type": "CreativeWork"
},
{
"id": "https://doi.org/10.3905/joi.6.1.23",
"sameAs": [
"https://app.dimensions.ai/details/publication/pub.1071561361"
],
"type": "CreativeWork"
},
{
"id": "https://doi.org/10.3905/jpm.1977.52",
"sameAs": [
"https://app.dimensions.ai/details/publication/pub.1071562745"
],
"type": "CreativeWork"
},
{
"id": "https://doi.org/10.3905/jpm.1983.408923",
"sameAs": [
"https://app.dimensions.ai/details/publication/pub.1071563053"
],
"type": "CreativeWork"
},
{
"id": "https://doi.org/10.3905/jpm.1993.13",
"sameAs": [
"https://app.dimensions.ai/details/publication/pub.1071563579"
],
"type": "CreativeWork"
},
{
"id": "https://doi.org/10.3905/jpm.1994.409501",
"sameAs": [
"https://app.dimensions.ai/details/publication/pub.1071563659"
],
"type": "CreativeWork"
},
{
"id": "https://doi.org/10.3905/jpm.2010.36.3.071",
"sameAs": [
"https://app.dimensions.ai/details/publication/pub.1071564421"
],
"type": "CreativeWork"
}
],
"datePublished": "2017-01",
"datePublishedReg": "2017-01-01",
"description": "Since 1997, CFO Magazine has published a ranking of 1000 companies in its \u201cWorking Capital Scorecard.\u201d Our research explores the question as to whether working capital management practices based on the accounting metrics used by CFO Magazine serve as a basis for investor-based strategies for superior return generation. We examine the stock performance of top ranked companies from 1997 to 2012 against benchmark portfolios. Controlling for market, market capitalization, book to market, momentum factors, liquidity factors, and corporate governance; the higher ranked firms produce statistically higher excess returns than bottom ranked firms. In bull market periods, firms with superior working capital management outperformed their counterparts on a raw and risk-adjusted basis. These top ranked firms also provide statistically significant active returns regardless of market cycle. In sum, our results indicate that shareholders reward firms with superior working capital management strategies with higher raw and risk-adjusted performance over longer holding periods across the economic cycle especially in bear markets cycles.",
"genre": "research_article",
"id": "sg:pub.10.1007/s11156-015-0550-0",
"inLanguage": [
"en"
],
"isAccessibleForFree": false,
"isPartOf": [
{
"id": "sg:journal.1136353",
"issn": [
"0924-865X",
"1573-7179"
],
"name": "Review of Quantitative Finance and Accounting",
"type": "Periodical"
},
{
"issueNumber": "1",
"type": "PublicationIssue"
},
{
"type": "PublicationVolume",
"volumeNumber": "48"
}
],
"name": "An analysis of working capital efficiency and shareholder return",
"pagination": "265-288",
"productId": [
{
"name": "readcube_id",
"type": "PropertyValue",
"value": [
"be0e40262d8cf0ff6c1db5b085fdda2fec61b3d93ebca3f1fdd5e342dab4a2cf"
]
},
{
"name": "doi",
"type": "PropertyValue",
"value": [
"10.1007/s11156-015-0550-0"
]
},
{
"name": "dimensions_id",
"type": "PropertyValue",
"value": [
"pub.1039897763"
]
}
],
"sameAs": [
"https://doi.org/10.1007/s11156-015-0550-0",
"https://app.dimensions.ai/details/publication/pub.1039897763"
],
"sdDataset": "articles",
"sdDatePublished": "2019-04-10T17:34",
"sdLicense": "https://scigraph.springernature.com/explorer/license/",
"sdPublisher": {
"name": "Springer Nature - SN SciGraph project",
"type": "Organization"
},
"sdSource": "s3://com-uberresearch-data-dimensions-target-20181106-alternative/cleanup/v134/2549eaecd7973599484d7c17b260dba0a4ecb94b/merge/v9/a6c9fde33151104705d4d7ff012ea9563521a3ce/jats-lookup/v90/0000000001_0000000264/records_8672_00000523.jsonl",
"type": "ScholarlyArticle",
"url": "http://link.springer.com/10.1007%2Fs11156-015-0550-0"
}
]Download the RDF metadata as: json-ld nt turtle xml License info
JSON-LD is a popular format for linked data which is fully compatible with JSON.
curl -H 'Accept: application/ld+json' 'https://scigraph.springernature.com/pub.10.1007/s11156-015-0550-0'
N-Triples is a line-based linked data format ideal for batch operations.
curl -H 'Accept: application/n-triples' 'https://scigraph.springernature.com/pub.10.1007/s11156-015-0550-0'
Turtle is a human-readable linked data format.
curl -H 'Accept: text/turtle' 'https://scigraph.springernature.com/pub.10.1007/s11156-015-0550-0'
RDF/XML is a standard XML format for linked data.
curl -H 'Accept: application/rdf+xml' 'https://scigraph.springernature.com/pub.10.1007/s11156-015-0550-0'
This table displays all metadata directly associated to this object as RDF triples.
274 TRIPLES
21 PREDICATES
91 URIs
19 LITERALS
7 BLANK NODES