Artur Kowalczyk

Levis and Liodakis (2001) concludethat positive and negative earnings surprises have an asymmetrical effect onthe returns of low- and high-rated stocks in the U.K. The objective of thisstudy is to contribute to the literature by adding this missing piece. Thefocus…

This information is vital in decision making regarding the adequacy of working capital and the efficiency of operations. On average it takes 111 days from the purchase of the inventory until the collection of cash. One must divide crediting purchases…