Efficient management of working capital is essential for firms to avoid overinvesting in short-term assets for maximum profitability while guaranteeing much-needed liquidity to run their operations. This study examines the impact of working capital management on firms' profitability in the...

We examine the value effect of working capital management (WCM) for a large sample of US firms between 1982-2011. Our results indicate (i) the existence of an optimal level of working capital policy; and (ii) firms that converge to that optimal level (either by increasing or decreasing their...

Considering the significance of working capital management, the current study attempts to examine various aspects of working capital management, i.e., current asset structure, liquidity, working capital policy, and working capital management efficiency as represented by working capital ratios of...

This paper provides contextual explanations on the related aspects of Working Capital (WC) management. The objective of the paper is to illustrate related variables and cash management models in the WC management, especially from an accounting learning point of view. Initially, WC has been...

For a successful working of a business organization fixed and current assets play a vital role as an organization generally invests in these options. An attempt has been made in this paper to study the working capital components and the effect of working capital management policies on the...

Working capital may be regarded as the lifeblood of a business. Its effective provision can do much to ensure the success of a business, while its inefficient management can lead not only to loss of profits but also to the ultimate downfall of what otherwise might be considered as a promising...

Working capital is those assets that are held by the corporate for the purpose of ensuring that its daily activities are well met, and its corporate goals are well accomplished. The report will assess how these working capitals can be well managed by the corporate and what is the importance of...

COVER -- CONTENTS -- INTRODUCTION TO FINANCIAL MANAGEMENT -- AN OVERVIEW OF WORKING CAPITAL -- WORKING CAPITAL FINANCING -- CASH MANAGEMENT -- CASH FORECASTING -- RECEIVABLE MANAGEMENT -- ADVANCES IN RECEIVABLE MANAGEMENT -- INVENTORY MANAGEMENT -- FINANCIAL ANALYSIS -- GLOSSARY OF FINANCIALTERMS.

Extant empirical studies have predominantly focused on the nexus between working capital management (WCM) and corporate profitability. While there is a dearth of literature on the nexus between WCM and a firm's risk, the present study examines Pakistani-listed firms coming from 12 diverse...