1、2000 单词， 1.1 万英文字符， 中文 3700 字 出处： Filbeck G, Krueger T M. An Analysis of Working Capital Management Results Across IndustriesJ. American Journal of Business, 2005, 20(2):11-18. 本科毕业论文外文资料翻译 系 别： 经济系 专 业： 会计学 姓 名： 学 号： 外文原文 An Analysis of Working Capital Management Results across Industries Greg Filb
2、eck and Thomas M. Krueger Abstract Firms are able to reduce financing costs and/or increase the funds available for e xpansion by minimizing the amount of funds tied up in current assets. We provide insights into the performance of surveyed firms across key components of working capital management b
3、y using the CFO magazines annual Working Capital Management Survey. We discover that significant differences exist between industries in working capital measures across time. In addition, we discover that these measures for working capital change significantly within industries across time. Introduc
4、tion The importance of efficient working capital management is indisputable. Working capital is the difference between resources in cash or readily convertible into cash (Current Assets) and organizational commitments for which cash will soon be required (Current Liabilities). The objective of worki
5、ng capital management is to maintain the optimum balance of each of the working capital components. Business viability relies on the ability to effectively manage receivables, inventory, and payables. Firms are able to reduce financing costs and/or increase the funds available for expansion by minim
6、izing the amount of funds tied up in current assets. Much managerial effort is expended in bringing non-optimal levels of current assets and liabilities back toward optimal levels. An optimal level would be one in which a balance is achieved between risk and efficiency. A recent example of business attempting to maximize working capital management is the recurrent attention being given to the application o
