Treasury Management Versus Cash Management

14 Pages Posted: 17 Feb 2008

See all articles by Leire San-Jose

Leire San-Jose

University of Huddersfield; University of the Basque Country - Department of Financial Economics II

Txomin Iturralde

University of the Basque Country - Department of Financial Economics II

Amaia Maseda

University of Basque Country UPV/EHU

Date Written: January 21, 2008

Abstract

Using a database of Spanish companies, this paper analyses the treasury management responsibilities assumed by financial departments and develops a model to confirm those responsibilities. We have developed an explanatory model that brings together the main functions of the treasurer by means of two concepts: (i) basic cash management, which groups the management of collections and payments, liquidity monitoring in banking operations, short-term treasury forecasts, the management of banking balances on value date and negotiation with financial organizations; and (ii) advanced cash management, which includes the management of the financing of treasury deficits, the management of the positioning of treasury peaks and the management of financial risks. In this way, the definition of cash management is empirically corroborated.

Keywords: Cash management, liquidity management, factorial analysis

JEL Classification: G21, G30

Suggested Citation

San-Jose, Leire and Iturralde, Txomin and Maseda, Amaia, Treasury Management Versus Cash Management (January 21, 2008). Available at SSRN: https://ssrn.com/abstract=1088015 or http://dx.doi.org/10.2139/ssrn.1088015

Leire San-Jose (Contact Author)

University of Huddersfield ( email )

Queensgate
Huddersfield HD1 3DH, West Yorkshire HD1 3DH
United Kingdom

HOME PAGE: http://www2.hud.ac.uk/uhbs/staff/staff_profiles/leire_san-jose.php

University of the Basque Country - Department of Financial Economics II ( email )

Avenida del Lehendakari Agirre 83
48015 Bilbao
Spain

Txomin Iturralde

University of the Basque Country - Department of Financial Economics II ( email )

Avenida del Lehendakari Agirre 83
48015 Bilbao
Spain

Amaia Maseda

University of Basque Country UPV/EHU ( email )

Avenida del Lehendakari Agirre 83
Bilbao, 48015
Spain

HOME PAGE: http://https://www.ehu.eus/es/web/catedra-empresa-familiar/amaia.maseda

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