Pipeline theory on working capital
Abstract
The financial anatomy of the business systems is examined
and a theoretical frame to understand and measure
a) how the activities of business systems consume and generate
funds, b) what stock of funds needs to be conserved
from time to time to enable the system to perform a
given rate of activities, c) what are the determinants of
such a stock of funds, and d) how and at what rate and
point of time the system could let out surplus or will need
injections Of further funds, is developed in qualitative terms.
The implications of the theoretical framework are examined
and discussed.
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