In times of crisis, cash and liquidity play an essential role. This paper analyzes the working capital measures over the course of a business cycle. We examine (1) how companies behave in economic downturns regarding their working capital components and (2) whether firms with higher financial...

Call for Action: From Financial and Economic Crisis to Working Capital Trap -- Determination of the Internal Financing Power of Corporate Growth via the Self-Financeable Growth Rate -- Strengthening Internal Financing Power using Cash-to-cash Cycle Optimization -- Measures for Strengthening...