Cash Management and Risk Management

Christophe Thibierge and Andrew Beresford
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Christophe Thibierge: ESCP Europe
Andrew Beresford: ESCP Europe

Chapter 8 in A Practical Guide to Corporate Finance, 2015, pp 239-266 from Palgrave Macmillan

Abstract: Abstract The principal cause of business bankruptcy is to be found in the area of cash management. This ostensibly humble and, frankly, arithmetic discipline determines the short-term survival of the company. In the human body, each organ must be regularly supplied with blood, which carries vital oxygen. It is the same for companies: you have to make sure that the cash arrives on time and regularly. It is therefore the job of the company treasurer to avoid any incident that might lead to insolvency—a coronary thrombosis, which often proves fatal for a business.

Keywords: Exchange Rate; Interest Rate; Cash Flow; Forward Rate; Spot Rate (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-49254-8_10

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DOI: 10.1057/9781137492548_10

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