Working capital management: a review of performance measurement and its drivers
Researchers in the field of corporate finance have traditionally focused on long-term financial decisions. Pioneering and widely accepted research has been conducted in areas such as investment decisions, firms' capital structure and business valuations. At the same time, however, academic literature has neglected the management of current assets and liabilities, a concept subsumed under the term working capital management (WCM). There are various reasons why WCM attracts only peripheral interest.