Synopsis
Based on the objective of shareholder wealth maximization, this text examines the major topics of working capital management - credit management, cash management, inventory management and accounts payable management of short term debt. The book covers the principles of modern finance in respect of decision-making; provides a review of survey evidence on the current practice of working capital management for each major topic covered; incorporates microcomputer analysis and case studies throughout the text; emphasizes risk analysis as an integral part of decision-making, including discussions of risk-pricing and hedging strategies; and introduces international aspects of short-term assets and liabilities.
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Modern Working Capital Management: Text and Cases
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