Working Capital Management:Concepts and Strategies

Edited by H Kent Baker, Greg Filbeck and Tom Barkley

in World Scientific Books from World Scientific Publishing Co. Pte. Ltd.

Abstract: Working capital refers to the money that a company uses to finance its daily operations. Proper management of working capital is critical to financial health and operational success. Working capital management (WCM) aims to maximize operational efficiency by maintaining a delicate balance among growth, profitability, and liquidity. WCM is a continuous responsibility focusing on a firm's day-to-day operations involving short-term assets and liabilities. By efficiently managing a firm's cash, accounts receivable, inventories, and accounts payable, managers can help maintain smooth operations and improve a company's earnings and profitability. By contrast, poor WCM could lead to a lower credit score, financial insolvency, legal troubles, liquidation of assets, and potential bankruptcy.

Keywords: Working Capital Management; Working Capital; Cash Management; Receivables Management; Inventory Management; Payables Management; Liquidity; Seasonality; Additional Funds Needed; Sustainable Growth Rate; Ratio Analysis; Activity And Liquidity Ratios; Cash Conversion Cycle; Firm Profitability; Firm Performance; Developed Markets; Accounts Receivable Management; Accounts Payable; Operating Cycle; Payment Processing; Payment Fraud; Trade Credit; Automated Clearinghouse; Credit Policy; Supply Chain; Technology; Collection Process; Fintech; Blockchain; Just-in-Time Manufacturing; Real-Time Treasury Management; ABC Inventory Methods; Two-Bin Inventory Method; EOQ Model; Inventory; VBEOQ Model; POQ Model; VBPOQ Model; Credit; Construction; Mining; Manufacturing; Transportation; Retail; Finance; Professional Services (search for similar items in EconPapers)
JEL-codes: G3 M41 (search for similar items in EconPapers)
Date: 2023
ISBN: 9789811259654
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.worldscientific.com/worldscibooks/10.1142/12929 (text/html)
Ebook Access is available upon purchase

Chapters in this book:

Ch 1 Working Capital Management: An Overview , pp 3-19

H. Kent Baker, Greg Filbeck and Tom Barkley

Ch 2 Determinants of Working Capital Management , pp 21-43

Pradip Banerjee and Shantanu Dutta

Ch 3 Characteristics of Working Capital Management Strategies , pp 45-63

Meghna Ghosh, Kerem Proulx, Sayan Sarkar and Andrew C. Spieler

Ch 4 Working Capital Measures and Metrics , pp 65-92

Christopher J. Barnes, Gaurav Gupta and Andrew C. Spieler

Ch 5 Impact of Working Capital Management on Firm Profitability and Performance , pp 93-113

Halil Kiymaz

Ch 6 Cash Management and Models , pp 117-136

Grzegorz Michalski

Ch 7 Cash Forecasting , pp 137-164

Muris Hadzic

Ch 8 Investing Surplus Cash and Short-Term Borrowing , pp 165-182

Benjamin Aguilar, Michael Pain and Andrew C. Spieler

Ch 9 Cash Management and Fraud Prevention , pp 183-202

Octavian Ionici and Casey Evans

Ch 10 Managing Banking Relationships , pp 203-227

Tony Calenda

Ch 11 Accounts Receivable Management , pp 231-250

Hunter Holzhauer

Ch 12 Inventory Management , pp 251-281

Grzegorz Michalski

Ch 13 Accounts Payable Management , pp 283-307

David A. Burnie and Adri de Ridder

Ch 14 Linkages Across Firms in the Supply Chain , pp 309-326

Ozgur S. Ince

Ch 15 Payment Processing , pp 327-346

Kelly E. Carter

Ch 16 Industry Differences in Working Capital Management , pp 349-365

Robert Karpowicz, Patrick J. Griffin and Andrew C. Spieler

Ch 17 Working Capital Management in Developing Countries , pp 367-385

Satish Kumar and Harsh Pratap Singh

Ch 18 Working Capital Management in an International Context , pp 387-405

Halil Kiymaz, Samina Haque and Ahmed Abir Choudhury

Ch 19 Information Technology and Working Capital Management , pp 407-431

Svetlana Petrova

Ch 20 Enterprise Risk Management , pp 433-451

Maximillian Hill, Kristin Kalish and Joseph Monts

Ch 21 Trends in Working Capital Management , pp 453-470

Dianna Preece

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wsi:wsbook:12929

Ordering information: This item can be ordered from

Access Statistics for this book

More books in World Scientific Books from World Scientific Publishing Co. Pte. Ltd.
Bibliographic data for series maintained by Tai Tone Lim ().