Topics in Finance: Part IX — Working Capital Management

Colorado College Working Paper No. 2012-07

10 Pages Posted: 20 May 2012  

Judith A. Laux

Colorado College - Department of Economics and Business

Date Written: May 19, 2012

Abstract

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.

Keywords: Financial Management, Working Capital Management, Risk-Return Tradeoff, Agency Conflict, Stockholder Wealth

JEL Classification: G32, G31

Suggested Citation

Laux, Judith A., Topics in Finance: Part IX — Working Capital Management (May 19, 2012). Colorado College Working Paper No. 2012-07. Available at SSRN: https://ssrn.com/abstract=2062901 or http://dx.doi.org/10.2139/ssrn.2062901

Judith A. Laux (Contact Author)

Colorado College - Department of Economics and Business ( email )

14 E Cache La Poudre Street
Colorado Springs, CO 80903
United States
7193896414 (Phone)
7193896927 (Fax)

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