期刊名称：Ovidius University Annals: Economic Sciences Series
电子版ISSN：2393-3127
出版年度：2017
卷号：17
期号：2
语种：English
出版社：Ovidius University Press
摘要：The paper aims on empirically testing the connection between a firm's liquidity,or else a firm's ability to manage short-term liabilities,without undue stress and its profitability. We are using both a static and dynamic measure of firm liquidity: the traditional current liquidity ratio alongside one of the most frequent used working capital management indicator,the cash conversion cycle. An empirical analysis is performed based on 50 listed companies from Bucharest Stock Exchange,covering various industries. The empirical results are confirming the previous research that has confirmed the negative connection between the days sales outstanding (DSO),respectively the days inventory outstanding (DIO) and the profitability of the firm,while cash conversion cycle seems to be positively connected with the firm profitability,in contradiction with some of the previous empirical literature.
