Working Capital Management

ISBN-13: 9783846516683 / Angielski / Miękka / 132 str.

Daniel Lazar; K. P. Shaji

Opis

The term working capital is defined as a firm s total investment in current assets. Some defined it as firm s current asset minus current liabilities. The capital required for the day to day operations of the business is called working capital. Working capital management is an integral component of the overall corporate strategy to create shareholder value (Abor 2004).Working capital management deals with current assets and current liabilities (Nasr and Rehaman2007). Eljelly (2004) defines that working capital management involves planning and controlling current assets and liabilities to meet the short term obligation without any delay. Efficiency of working capital management is a serious issue especially to manufacturing firms whose assets are mostly composed of current assets(Horne and Wachowitz,1998). There are many ways to improve the profitability of companies; working capital management is one of the important tools in the hand of financial manager to increase the profitability. Corporate sectors in foreign countries shows there is greater link between working capital management and profitability. By increasing or decreasing the working capital, corporate sectors have influe

O autorze

Dr. Daniel Lazar is on the faculty in Pondicherry University,India.He is a recipient of best researcher award in finance and stock market.He worked in Bhutan under TCS of Colombo Plan.He has published 20 research articles,six edited volumes and six monographs and Organised four international conferences. K.P.Shaji is a full time research scholar.