Description
Value-Based Working Capital Management analyzes the causes and effects of improper cash flow management between entrepreneurial organizations with varying levels of risk. This work looks at the motives and criteria for decision-making by entrepreneurs in their efforts to protect the financial security of their businesses and manage financial liquidity. Michalski argues that businesses exposed to greater risk need a different approach to managing liquidity levels. Grzegorz M. Michalski is Assistant Professor of Corporate Finance in the Institute of Financial Management’s Department of Corporate Finance and Value Management at Wroclaw University of Economics, Poland.
