对整个行业中营运资金管理的研究外文文献翻译可编辑.docVIP

对整个行业中营运资金管理的研究外文文献翻译 毕业论文材料:英文文献及译文 课题名称: 苏州新创建设公司营运 资金管理及案例分析 专 业财 务 管 理 学 生 姓 名 张 文 婷 班 级 BM财管061 学 号 0651450117 指 导 教 师 马 云 波 专业系主任卢 新 国 完 成 日 期二○一○年四月 An Analysis of Working Capital Management Results Across IndustriesGreg Filbeck. Schweser Study ProgramThomas M. Krueger. University of Wisconsin-La Crosse Abstract Firms are able to reduce financing costs and/or increase the funds available for expansion by minimizing the amount of funds tied up in current assets. We provide insights into the performance of surveyed firms across key components of working capital management by using the CFO magazine’s annual Working Capital Management Survey. We discover that significant differences exist between industries in working capital measures across time. In addition. we discover that these measures for working capital change significantly within industries across timeIntroduction The importance of efficient working capital management is indisputable. Working capital is the difference between resources in cash or readily convertible into cash Current Assets and organizational commitments for which cash will soon be required Current Liabilities. The objective of working capital management is to maintain the optimum balance of each of the working capital components. Business viability relies on the ability to effectively manage receivables. inventory. and payables. Firms are able to reduce financing costs and/or increase the funds available for expansion by minimizing the amount of funds tied up in current assets. Much managerial effort is expended in bringing non-optimal levels of current assets and liabilities back toward optimal levels. An optimal level would be one in which a balance is achieved between risk and efficiency A recent example of business attempting to imize working capital management is the recurrent attention being given to the applica