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A comprehensive primer for executives and managers on working capital management. With limited access to credit and short term funding, it is increasingly important that companies focus on working capital management to free up funds and optimize liquidity. Written in the easy-to-follow Essentials Series style, Essentials of Working Capital Management covers the main components of working capital: the latest trends around working capital; a range of working capital topics, including cash management, banking relations, accounts receivable, inventory, accounts payable, and foreign exchange; the efficient utilization of current assets and liabilities of a business through each phase of the operating cycle; and the gathering and management of information and forecast data to effectively use funds and identify risk. Focused on how businesses can continue to be successful in these difficult times, specifically in relation to the limited credit available to businesses, this book puts practical guidance at your fingertips so you can put them to work right away. A comprehensive case introduces each major section of the book, and suggested solutions are included in a book appendix

A comprehensive primer for executives and managers on working capital management. With limited access to credit and short term funding, it is increasingly important that companies focus on working capital management to free up funds and optimize liquidity. Written in the easy-to-follow Essentials Series style, Essentials of Working Capital Management covers the main components of working capital: the latest trends around working capital; a range of working capital topics, including cash management, banking relations, accounts receivable, inventory, accounts payable, and foreign exchange; the efficient utilization of current assets and liabilities of a business through each phase of the operating cycle; and the gathering and management of information and forecast data to effectively use funds and identify risk. Focused on how businesses can continue to be successful in these difficult times, specifically in relation to the limited credit available to businesses, this book puts practical guidance at your fingertips so you can put them to work right away. A comprehensive case introduces each major section of the book, and suggested solutions are included in a book appendix.

PurposeThe purpose of this paper is to provide assistance to universities in the process of developing their ability to identify, measure, manage and value their intangible assets.Design/methodology/approachThe paper takes the form of a review of the most important intellectual capital management initiatives at Spanish public universities.FindingsThe experience gained from the case studies provides a basis for understanding how Spanish universities are measuring and managing their intellectual capital.Research limitations/implicationsDespite its importance, intellectual capital at universities is scarcely dealt with in a specific manner. Up to now, only a few universities have taken the challenge of trying to measure, manage and report on intangible assets.Practical implicationsThis study offers a perspective on how Spanish universities deal with their intellectual capital. In this sense, the first step would be the definition and diffusion of the organisation's strategic objectives. Then, critical intangibles related to these objectives should be identified and the causal network of relationships among them should be established. Afterwards, a set of indicators is defined and developed for each intangible.Originality/valueThis paper shows the importance of intellectual capital approaches as instruments to face the new challenges in Spanish universities. It offers practical help to universities to develop means to identify, measure, manage and value their intangible assets.

Municipal enterprises are one of the most significant organizational structures, whose activities require constant efforts for higher employee engagement and creating an appropriate organizational structure to increase the efficiency of services offered and actions performed. The management staff of municipal enterprises should focus their efforts on the relations between employees and their behavior through selected behavior and behavioral models that will allow building mutual trust and achieving efficiency of social capital due to its high impact on employee engagement work processes and their motivation. Nowadays, municipal enterprises and their management are one of the most important social activities, and the improvement of their efficiency cannot be achieved without considering their role in society, the factors determining social engagement, as well as the involved participation of citizens as participants in the country's economy, affecting economic growth. This type of enterprise is also considered one of the main central bodies, as their organizational structure and goals set to achieve require specific motivation of workers to increase their commitment to the organization, build mutual trust and achieve organizational behavior that develops social capital and the transfer of knowledge. The purpose of the report is to analyze the importance of social capital for municipal enterprises by assessing the usefulness of social relationships between people, which benefits the establishment of different ways to develop local government, territories and their resources.

This paper analyzes the determinants of working capital management (WCM) for a sample of Spanish firms during the period 1997-2004. We find that firms have a target investment in working capital and that they take decisions in order to achieve this. The results appear to support the hypothesis that the working capital competes with investment in fixed assets for the funds of the firms when they have financial constraints. Finally, we also find that WCM depends on bargaining power and other financial factors such as the availability of internal finance, cost of financing and financial constraints. ; Research Agency of the Spanish Government ECO2008-06179/ECON