Working Capital Management: Theory and Strategy
by Robert Alan Hill
Publisher: Bookboon 2013
Number of pages: 48
This free book critically evaluates the strategic financial and marketing significance of credit terms management within a theoretical context of wealth maximisation and empirical research. Although most companies still adhere to standard industry terms even when so many debtors default, we shall prove that if a company is unique with respect to its revenue function, cost function, access to the capital market and customer clientele, its optimal debtor policy will be unique.
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