Liquidity management from the point of view of value based management

Economy and management of the enterprise
Authors:
Smirnov Stanislav S. Tikhomirov Anton F.
Abstract:

An approach to liquidity management from the point of view of value based management is presented in the article. Different types of strategies regarding net working capital management are presented and analyzed. The formula for the estimation of implications on a value of a company of additionally borrowed funds for a working capital financing is presented.