Abstract
The main aim of this paper is to examine the effect of liquidity management on operating cash flow of construction firms listed in the United Arab Emirates stock markets before and post the subprime mortgage crisis. The results show negative and significant relationship between cash conversion cycle as a comprehensive measure of the efficiency in current assets management and operating cash flow for the full sample. The results also show negative and significant relationship between cash conversion cycle and operating cash flow of UAE construction firms during crisis periods. This indicates that UAE construction companies are more efficient in managing their current assets during crisis periods.
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