Topics in Finance: Part IX — Working Capital Management
Colorado College Working Paper No. 2012-07
10 Pages Posted: 20 May 2012
Date Written: May 19, 2012
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: Suggested Citation