Haitham Nobanee & Mehroz Nida Dilshad
This paper aims to evaluate existingresearch studies on working capital management. The bibliometric method, a quantitative analytical approach, was used to analyzedpublished studies from the year 1954 to 2020. VOSviewer and Nvivo mapping software tools were used for analyzing the retrieved qualitative and quantitative data. There were five main clusters of themes identifiedin this bibliometric analysis paper which helped in visualizing research trends of working capital management. An analysis of 1124 research papers depicted that research in this domain has significantly increased over the last fifteen years. Data wereanalyzed based on journals, authors, year of publications, countries, and research streams. Extracted results further indicated that the United States has taken a lead in publications in this field, followed by China and India. This study has helped in revealing the latest trends in Working Capital Management research (WCM). Results have further indicated that there have been recent research advancements in this topic and gaps in studies have paved ways for future research. This review paper will provide further guidance to finance professionals, researchers as well as policymakers on the WCM topic.