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Bibliometric Analysis for Working Capital: Identifying Gaps, Co-Authorships and Insights from a Literature Survey

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  • Vítor João Pereira Domingues Martinho

    (Agricultural School (ESAV) and CERNAS-IPV Research Centre, Polytechnic Institute of Viseu (IPV), 3504-510 Viseu, Portugal)

Abstract

From a financial perspective, working capital represents the liquidity of firms that makes them able to deal with short-term liabilities in current assets (inventories, receivables accounts, and net financial resources). However, this concept is also considered in scientific literature as, among other meanings, stock of productive capital, or variables costs. Considering the importance of working capital in a firms’ dynamics, the principal objective of this study is to highlight the main gaps and insights in literature concerning working capital and to suggest future research. For this purpose, bibliometric analysis was carried out through bibliographic information from both the Web of Science Core Collection and from the Scopus for the topic of “working capital”. These data were first worked through bibliometric approaches, considering the VOSviewer and Gephi software and later surveyed through a literature review. As the main insights, it is worth highlighting that there are several gaps in related literature, where the most worrying is the weak reference to sustainability or sustainable development concepts. Finally, the majority of the networked research was focused on just a few authors, organizations, and countries.

Suggested Citation

  • Vítor João Pereira Domingues Martinho, 2021. "Bibliometric Analysis for Working Capital: Identifying Gaps, Co-Authorships and Insights from a Literature Survey," IJFS, MDPI, vol. 9(4), pages 1-20, December.
    • Handle: RePEc:gam:jijfss:v:9:y:2021:i:4:p:72-:d:704464
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    References listed on IDEAS

    as
    1. Masri, Hatem & Abdulla, Yomna, 2018. "A multiple objective stochastic programming model for working capital management," Technological Forecasting and Social Change, Elsevier, vol. 131(C), pages 141-146.
    2. Frimpong, Siaw, 2018. "Working capital policies and value creation of listed non-financial firms in Ghana: a panel FMOLS analysis," Business and Economic Horizons (BEH), Prague Development Center, vol. 14(4), pages 725-742, August.
    3. Harsh Pratap Singh & Satish Kumar & Sisira Colombage, 2017. "Working capital management and firm profitability: a meta-analysis," Qualitative Research in Financial Markets, Emerald Group Publishing Limited, vol. 9(1), pages 34-47, February.
    4. Darush Yazdanfar & Peter Öhman, 2016. "The impact of trade credit use on firm profitability: empirical evidence from Sweden," Journal of Advances in Management Research, Emerald Group Publishing Limited, vol. 13(2), pages 116-129, August.
    5. Zanxin Wang & Minhas Akbar & Ahsan Akbar, 2020. "The Interplay between Working Capital Management and a Firm’s Financial Performance across the Corporate Life Cycle," Sustainability, MDPI, vol. 12(4), pages 1-16, February.
    6. Sara Fernández‐López & David Rodeiro‐Pazos & Lucía Rey‐Ares, 2020. "Effects of working capital management on firms' profitability: evidence from cheese‐producing companies," Agribusiness, John Wiley & Sons, Ltd., vol. 36(4), pages 770-791, October.
    7. Greg Filbeck & Xin Zhao & Ryan Knoll, 2017. "An analysis of working capital efficiency and shareholder return," Review of Quantitative Finance and Accounting, Springer, vol. 48(1), pages 265-288, January.
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