Gestión del capital circulante y la rentabilidad: un análisis bibliométrico e identificación de tendencias

Nubia Isabel Díaz Ortega; Lenny Faubricio Cudris Niño; Javier Mauricio Garcia Mogollón

doi:10.16925/2357-6014.2024.03.05

Working capital management and profitability : a bibliometric analysis and trend identification

Research Articles

https://doi.org/10.16925/2357-6014.2024.03.05

Nubia Isabel Díaz Ortega Ver Biografía

Universidad Libre

Lenny Faubricio Cudris Niño Ver Biografía

Universidad Libre

Javier Mauricio García Mogollón Ver Biografía

Universidad de Pamplona

Introduction: Effective management of working capital and profitability is a critical area of study, as it forms the foundation of a company’s operational activities. Therefore, evaluating financial decision-making within organizations is essential. This research project, conducted during 2023–2024, was supported by Universidad Libre, Cúcuta, and the University of Pamplona in Colombia.
Objective: To analyze the scientific literature that explores the relationship between working capital management and profitability.
Methodology: This study adopts a quantitative approach using bibliometric analysis. A comprehensive review of existing literature in the Scopus database was conducted, followed by data analysis using Bibliometrix and VOSviewer. A total of 501 articles were examined.
Results: The findings reveal that India has contributed the highest number of research studies on this topic in recent years. Martinez-Solano P. is the most frequently cited author, while Lappeenranta University of Technology has led the most research in this domain. The correlation analysis identified five key thematic clusters, with a strong focus on profitability, working capital, and the cash conversion cycle.
Conclusions: The evolution of research in this field has primarily centered on two critical aspects: the cash conversion cycle and capital management strategies.
Originality: This article is an original work by the authors and has not been published or submitted for review in any other print or digital medium.
Limitations: Expanding the study’s time frame and incorporating additional databases could enhance the research scope and depth.

Keywords: Working capital management, profitability, liquidity, cash conversion cycle, bibliometrics

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N. I. Díaz Ortega, L. F. Cudris Niño, and J. M. Garcia Mogollón, “Working capital management and profitability: a bibliometric analysis and trend identification”, ing. Solidar, vol. 20, no. 3, pp. 1–19, Jun. 2025, doi: 10.16925/2357-6014.2024.03.05.

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