Value-Based Working Capital Management

Determining Liquid Asset Levels in Entrepreneurial Environments

Authors: Michalski, G.

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About this book

Value-Based Working Capital Management analyzes the causes and effects of improper cash flow management between entrepreneurial organizations with varying levels of risk.

About the authors

Grzegorz M. Michalski is Assistant Professor of Corporate Finance in the Institute of Financial Management's Department of Corporate Finance and Value Management at Wroclaw University of Economics, Poland.

Reviews

'Due to the recent financial crisis, interest in the topic of working capital has grown significantly to both theory and practice. The research results presented by Grzegorz Michalski contribute to the development of a comprehensive theory of liquidity management and the creation of an integrated working capital and liquidity for different types of business model. The job is processed on a high quality level."

-Marek Panfil, Ph.D, Director of Business Valuation Department Warsaw School of Economics

'The book of Grzegorz Michalski is a very good publication that has found the right balance between theory and practical aspects of financial liquidity management. It is extremely timely and valuable, and should be required reading for all corporate finance practitioners, academicians, and students of finance. Value-Based Working Capital Management is comprehensive, highly readable publication, and replete with useful practical examples. It has also enabled corporate leaders to make better-informed decisions in their efforts to protect the financial security of their businesses and manage financial liquidity.'

-Petr Polak, Author of Centralization of Treasury Management, and Associate Professor of Finance, University of Brunei Darussalam


Table of contents (6 chapters)

  • Introduction

    Michalski, Grzegorz

    Pages 1-6

  • Working Capital Management in the Business Context

    Michalski, Grzegorz

    Pages 7-31

  • Understanding and Measuring Financial Liquidity Levels

    Michalski, Grzegorz

    Pages 33-75

  • Intrinsic and External Values of Liquidity and Optimization

    Michalski, Grzegorz

    Pages 77-125

  • Net Working Capital Management Strategies

    Michalski, Grzegorz

    Pages 127-150

Buy this book

eBook $79.99
price for USA
  • The eBook version of this title will be available soon
  • ISBN 978-1-137-39183-4
  • Digitally watermarked, no DRM
  • Included format:
  • eBooks can be used on all reading devices
  • Download immediately after purchase
Hardcover $105.00
price for USA
  • ISBN 978-1-137-39799-7
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
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Bibliographic Information

Bibliographic Information
Book Title
Value-Based Working Capital Management
Book Subtitle
Determining Liquid Asset Levels in Entrepreneurial Environments
Authors
Copyright
2014
Publisher
Palgrave Macmillan US
Copyright Holder
Palgrave Macmillan, a division of Nature America Inc.
eBook ISBN
978-1-137-39183-4
DOI
10.1057/9781137391834
Hardcover ISBN
978-1-137-39799-7
Edition Number
1
Number of Pages
XXI, 181
Topics