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The dynamics of financial working capital management strategies

机译:财务营运资金管理策略的动态

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The strategy matrix for financial working capital management (FOCAL matrix) is created in this paper to present the dynamics of financial working capital management strategies. The FOCAL matrix can be used as a general tool in the academia, and companies can use the matrix as a management tool to improve their financial working capital management strategies and benchmark competitors' strategies. The matrix is tested on three case companies which have a declining trend in profitability. Annual report information and press releases from the years 1999-2013 are used in the testing. The results indicate that the studied case companies have different emphases on financial working capital management. The strategies evolve according to the financial situation of the company, and companies do not always follow the strategies presented in previous literature.
机译:本文创建了财务营运资金管理策略矩阵(FOCAL矩阵),以介绍财务营运资金管理策略的动态。 FOCAL矩阵可以用作学术界的通用工具,公司可以将其用作管理工具,以改善其财务营运资金管理策略和基准竞争对手的策略。该矩阵在利润率下降趋势的三个案例公司中进行了测试。测试使用了1999-2013年的年度报告信息和新闻稿。结果表明,案例研究公司对财务周转金管理的重视程度不同。策略根据公司的财务状况而发展,并且公司并不总是遵循先前文献中提出的策略。

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