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Working Capital Management:Concepts and Strategies

Editor

Listed:
  • H Kent Baker
    (American University, USA)

  • Greg Filbeck
    (Penn State Behrend, USA)

  • Tom Barkley
    (Syracuse University, USA)

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.

Individual chapters are listed in the "Chapters" tab

Suggested Citation

  • H Kent Baker & Greg Filbeck & Tom Barkley (ed.), 2023. "Working Capital Management:Concepts and Strategies," World Scientific Books, World Scientific Publishing Co. Pte. Ltd., number 12929.
    • Handle: RePEc:wsi:wsbook:12929
    as

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    File URL: https://www.worldscientific.com/worldscibooks/10.1142/12929
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