Working Capital Management:Concepts and Strategies (2024)

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.

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Book Chapters

The following chapters of this book are listed in IDEAS

• H. Kent Baker & Greg Filbeck & Tom Barkley, 2023."Working Capital Management: An Overview,"World Scientific Book Chapters, in: H Kent Baker & Greg Filbeck & Tom Barkley (ed.), WORKING CAPITAL MANAGEMENT Concepts and Strategies, chapter 1, pages 3-19,World Scientific Publishing Co. Pte. Ltd..
• Pradip Banerjee & Shantanu Dutta, 2023."Determinants of Working Capital Management,"World Scientific Book Chapters, in: H Kent Baker & Greg Filbeck & Tom Barkley (ed.), WORKING CAPITAL MANAGEMENT Concepts and Strategies, chapter 2, pages 21-43,World Scientific Publishing Co. Pte. Ltd..
• Meghna Ghosh & Kerem Proulx & Sayan Sarkar & Andrew C. Spieler, 2023."Characteristics of Working Capital Management Strategies,"World Scientific Book Chapters, in: H Kent Baker & Greg Filbeck & Tom Barkley (ed.), WORKING CAPITAL MANAGEMENT Concepts and Strategies, chapter 3, pages 45-63,World Scientific Publishing Co. Pte. Ltd..
• Christopher J. Barnes & Gaurav Gupta & Andrew C. Spieler, 2023."Working Capital Measures and Metrics,"World Scientific Book Chapters, in: H Kent Baker & Greg Filbeck & Tom Barkley (ed.), WORKING CAPITAL MANAGEMENT Concepts and Strategies, chapter 4, pages 65-92,World Scientific Publishing Co. Pte. Ltd..
• Halil Kiymaz, 2023."Impact of Working Capital Management on Firm Profitability and Performance,"World Scientific Book Chapters, in: H Kent Baker & Greg Filbeck & Tom Barkley (ed.), WORKING CAPITAL MANAGEMENT Concepts and Strategies, chapter 5, pages 93-113,World Scientific Publishing Co. Pte. Ltd..
• Grzegorz Michalski, 2023."Cash Management and Models,"World Scientific Book Chapters, in: H Kent Baker & Greg Filbeck & Tom Barkley (ed.), WORKING CAPITAL MANAGEMENT Concepts and Strategies, chapter 6, pages 117-136,World Scientific Publishing Co. Pte. Ltd..
• Muris Hadzic, 2023."Cash Forecasting,"World Scientific Book Chapters, in: H Kent Baker & Greg Filbeck & Tom Barkley (ed.), WORKING CAPITAL MANAGEMENT Concepts and Strategies, chapter 7, pages 137-164,World Scientific Publishing Co. Pte. Ltd..
• Benjamin Aguilar & Michael Pain & Andrew C. Spieler, 2023."Investing Surplus Cash and Short-Term Borrowing,"World Scientific Book Chapters, in: H Kent Baker & Greg Filbeck & Tom Barkley (ed.), WORKING CAPITAL MANAGEMENT Concepts and Strategies, chapter 8, pages 165-182,World Scientific Publishing Co. Pte. Ltd..
• Octavian Ionici & Casey Evans, 2023."Cash Management and Fraud Prevention,"World Scientific Book Chapters, in: H Kent Baker & Greg Filbeck & Tom Barkley (ed.), WORKING CAPITAL MANAGEMENT Concepts and Strategies, chapter 9, pages 183-202,World Scientific Publishing Co. Pte. Ltd..
• Tony Calenda, 2023."Managing Banking Relationships,"World Scientific Book Chapters, in: H Kent Baker & Greg Filbeck & Tom Barkley (ed.), WORKING CAPITAL MANAGEMENT Concepts and Strategies, chapter 10, pages 203-227,World Scientific Publishing Co. Pte. Ltd..
• Hunter Holzhauer, 2023."Accounts Receivable Management,"World Scientific Book Chapters, in: H Kent Baker & Greg Filbeck & Tom Barkley (ed.), WORKING CAPITAL MANAGEMENT Concepts and Strategies, chapter 11, pages 231-250,World Scientific Publishing Co. Pte. Ltd..
• Grzegorz Michalski, 2023."Inventory Management,"World Scientific Book Chapters, in: H Kent Baker & Greg Filbeck & Tom Barkley (ed.), WORKING CAPITAL MANAGEMENT Concepts and Strategies, chapter 12, pages 251-281,World Scientific Publishing Co. Pte. Ltd..
• David A. Burnie & Adri de Ridder, 2023."Accounts Payable Management,"World Scientific Book Chapters, in: H Kent Baker & Greg Filbeck & Tom Barkley (ed.), WORKING CAPITAL MANAGEMENT Concepts and Strategies, chapter 13, pages 283-307,World Scientific Publishing Co. Pte. Ltd..
• Ozgur S. Ince, 2023."Linkages Across Firms in the Supply Chain,"World Scientific Book Chapters, in: H Kent Baker & Greg Filbeck & Tom Barkley (ed.), WORKING CAPITAL MANAGEMENT Concepts and Strategies, chapter 14, pages 309-326,World Scientific Publishing Co. Pte. Ltd..
• Kelly E. Carter, 2023."Payment Processing,"World Scientific Book Chapters, in: H Kent Baker & Greg Filbeck & Tom Barkley (ed.), WORKING CAPITAL MANAGEMENT Concepts and Strategies, chapter 15, pages 327-346,World Scientific Publishing Co. Pte. Ltd..
• Robert Karpowicz & Patrick J. Griffin & Andrew C. Spieler, 2023."Industry Differences in Working Capital Management,"World Scientific Book Chapters, in: H Kent Baker & Greg Filbeck & Tom Barkley (ed.), WORKING CAPITAL MANAGEMENT Concepts and Strategies, chapter 16, pages 349-365,World Scientific Publishing Co. Pte. Ltd..
• Satish Kumar & Harsh Pratap Singh, 2023."Working Capital Management in Developing Countries,"World Scientific Book Chapters, in: H Kent Baker & Greg Filbeck & Tom Barkley (ed.), WORKING CAPITAL MANAGEMENT Concepts and Strategies, chapter 17, pages 367-385,World Scientific Publishing Co. Pte. Ltd..
• Halil Kiymaz & Samina Haque & Ahmed Abir Choudhury, 2023."Working Capital Management in an International Context,"World Scientific Book Chapters, in: H Kent Baker & Greg Filbeck & Tom Barkley (ed.), WORKING CAPITAL MANAGEMENT Concepts and Strategies, chapter 18, pages 387-405,World Scientific Publishing Co. Pte. Ltd..
• Svetlana Petrova, 2023."Information Technology and Working Capital Management,"World Scientific Book Chapters, in: H Kent Baker & Greg Filbeck & Tom Barkley (ed.), WORKING CAPITAL MANAGEMENT Concepts and Strategies, chapter 19, pages 407-431,World Scientific Publishing Co. Pte. Ltd..
• Maximillian Hill & Kristin Kalish & Joseph Monts, 2023."Enterprise Risk Management,"World Scientific Book Chapters, in: H Kent Baker & Greg Filbeck & Tom Barkley (ed.), WORKING CAPITAL MANAGEMENT Concepts and Strategies, chapter 20, pages 433-451,World Scientific Publishing Co. Pte. Ltd..
• Dianna Preece, 2023."Trends in Working Capital Management,"World Scientific Book Chapters, in: H Kent Baker & Greg Filbeck & Tom Barkley (ed.), WORKING CAPITAL MANAGEMENT Concepts and Strategies, chapter 21, pages 453-470,World Scientific Publishing Co. Pte. Ltd..

More about this item

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;
All these keywords.

JEL classification:

• G3 - Financial Economics - - Corporate Finance and Governance
• M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting

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