@article{Alshammari_2018, title={Performance Effects of Working Capital in Emerging Markets}, volume={8}, url={https://www.econjournals.com/index.php/ijefi/article/view/6745}, abstractNote={<p>This paper strives to provide evidence of the effect of working capital policies on corporate profitability in a new and different setting, the Gulf Cooperation Council (GCC) countries. As the corporate private sector receives lavish subsidies from local oil-rich governments, both the theoretical propositions and the worldwide accepted evidence are glitched. Employing a set of pooled regression models, this paper documents a trivial, if any, association between the efficiency of working capital management and the corporate profitability for a set of nonfinancial firms in all the GCC countries. The results are robust to the econometric model, the profitability measure, and the country.</p><p><strong>Keywords:</strong> Working Capital, Tobin’s Q, Debt ratio, Profitability, Cash Conversion Cycle, GCC countries, Firm Value</p><p><strong>JEL Classifications</strong>: G3, G31</p>}, number={5}, journal={International Journal of Economics and Financial Issues}, author={Alshammari, Turki}, year={2018}, month={Sep.}, pages={80–87} }