Working Capital Management (Hardcover, New)

As soon as a firm starts operating, and especially once it starts to grow, it needs to come to a decision about how to invest funds, how much cash and inventory to maintain, how much financing to provide to customers, how to obtain the necessary funds, and how much debt to take on and in which terms--all the answers to these questions have serious consequences for a firm's cash flow and profitability.
Working Capital Management is a hands-on look at the crucial decision of how to define and finance the operating investments of a business. Starting with an overview of the fundamental framework of corporate finance, the authors set out to define the central, and usually underestimated, role that working capital plays within this structure. They show not only how to prevent the losses that result from mishandling working capital, but also how to fully exploit the strategic potential that intelligent, expert management of working capital allows. The book is the first to emphasize the relevance of the interplay between the investment and finance aspects of working capital, by discussing all of the main components of a firm's operating expenses from both an investment and finance perspective. After focusing on the varying aspects and themes of working capital, such as inventory management, strategic accounting, trade credit, and short-term debt, the authors move on to identify the long-term implications and opportunities raised by this often overlooked aspect of corporate finance.
Lorenzo Preve and Virginia Sarria-Allende have at last provided a resource that identifies the impact of day-to-day business decisions, uncovering an essential yet often overlooked aspect of all firms' financial situations.

General

Imprint:	Oxford UniversityPress
Country of origin:	United States
Series:	Financial Management Association Survey and Synthesis
Release date:	May 2010
First published:	April 2010
Authors:	Lorenzo Preve (Associate Professor of Finance) • Virginia Sarria-Allende (Assistant Professor of Finance)
Dimensions:	237 x 162 x 17mm (L x W x T)
Format:	Hardcover
Pages:	176
Edition:	New
ISBN-13:	978-0-19-973741-3
Categories:	Books > Business & Economics > Finance & accounting > Finance > Corporate finance Books > Business & Economics > Business & management > Management of specific areas > General Books > Money & Finance > Corporate finance
LSN:	0-19-973741-X
Barcode:	9780199737413

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