INTERNATIONAL WORKING CAPITAL MANAGEMENT

Suk H. Kim

Chapter 11 in Global Corporate Finance:A Focused Approach, 2023, pp 263-290 from World Scientific Publishing Co. Pte. Ltd.

Abstract: The management of current assets and current liabilities constitutes working capital management. The efficient allocation of funds among various current assets and the acquisition of short-term funds on favorable terms are conceptually the same for both multinational companies (MNCs) and domestic companies. However, these two types of companies are different because they do business in different environments. These differences include the impact of currency fluctuations, potential exchange controls, and multiple regulatory and tax jurisdictions on working capital decisions. In addition, MNCs enjoy a wide variety of short-term financing and investment opportunities…

Keywords: Global Finance; International Finance; International Financial Management; International Accounting; International Business; International Business Finance; Foreign Trade; International Economics; Foreign Exchange; International Corporate Finance; Multinational Finance; International Taxation (search for similar items in EconPapers)
JEL-codes: F F21 F23 F3 F30 F31 G3 (search for similar items in EconPapers)
Date: 2023
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