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Guruprasad Desai

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Open access Aug 2026

Cash conversion cycles and financial flexibility under economic shocks: evidence from emerging markets

This study examines whether the cash conversion cycle (CCC) supports financial flexibility or instead increases firm vulnerability under economic policy uncertainty (EPU), and tests whether the COVID-19 pandemic altered this relationship for firms with different pre-existing working-capital structures. The study uses a...

M. Gnanendra, Guruprasad Desai, M. N. Nikhil et al. · SN Business & Economics · 0 citations