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Working capital management during the financial crisis


Foto: Working capital management during the financial crisis
Rubriek: Textual/Printed/Reference Materials - Boek
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Inhoudsopgave:

Omschrijving:

This study investigates how public listed firms in The Netherlands manage their working capital. A sample of 37 firms is used, which are among the fifty largest companies in The Netherlands. The working capital policies during the non-crisis period of 2004-2006 and during the Financial Crisis of 2008 and 2009 are compared. This comparison investigates whether companies have to change their non-crisis working capital policies when the economy is into a recession. The results of this study indicate that, in crisis periods, firms don't need to change their working capital policy concerning accounts payables and inventory, if their goal is to enhance profit. For the working capital policy managing accounts receivables this is not the case. This is because during a crisis accounts receivables have a positive effect on a firm's profitability of the next year. These results are on short-term basis. On the long-term, benefits of aiding customers during crisis periods are likely to grow, because future sales will still be there. Also the risks taken by these aiding firms are relatively low and for large reputable firms it is also relatively cheap.



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Product specificaties:

Oorspronkelijke releasedatum: 12 juli 2012

Aantal pagina's: 96

Hoofdauteur: Baveld Mathias B

Tweede Auteur: Baveld Mathias B

Co Auteur: Mathias B. Baveld

Hoofduitgeverij: Lap Lambert Academic Publishing

Product breedte: 152 mm

Product hoogte: 6 mm

Product lengte: 229 mm

Verpakking breedte: 152 mm

Verpakking hoogte: 6 mm

Verpakking lengte: 229 mm

Verpakkingsgewicht: 150 g

EAN: 9783659178450