Introduction -- Relevance of WCM and its weaknesses -- Characteristics of SCF -- Segmentation of SCF solutions -- Value proposition of SCF -- The market size for SCF solutions -- Concluding remarks -- Annex: OECD ↔ non-OECD exports per country in 2006 -- OECD ↔ non-OECD imports per country...

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...