Topics in Finance: Part IX — Working Capital Management
Judith A. Laux
Colorado College - Department of Economics and Business
May 19, 2012
Colorado College Working Paper No. 2012-07
The final topic in a series looking at financial management from a theoretical perspective, working capital management provides the focus of the current article. We investigate how three key axioms — the risk-return tradeoff, agency conflicts, and stockholder wealth maximization — relate to this activity that occupies much of the financial manager’s time.
Number of Pages in PDF File: 10
Keywords: Financial Management, Working Capital Management, Risk-Return Tradeoff, Agency Conflict, Stockholder Wealth
JEL Classification: G32, G31
Date posted: May 20, 2012
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