Determinants of effective working capital management - a discriminant analysis approach
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Date
2010-03-13Author
Bhattacharyya, S. K.
Raghavachari, M.
Singh, Arwind Kumar
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Currently, many financial analysts rely on traditional financial ratios for assessing the effectiveness of the working capital management. They correlate corporate performance in this area with the so-called "ideal" ratios. The present study sough to examine the validity of such practices and a. to identify a method of classifying those companies which manage their working capital more effectively than others; b. to determine the factors which lead to the effectiveness of working capital management process; c. to make recommendations for managers.
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