This paper examines the influence of cash flow on the relationship between net working capital and firm performance. The paper employs unbalanced panel data regression analysis on a sample of 6,926 non-financial small and medium enterprises in the United Kingdom for the period from 2004 to...

This is a draft of a text book to show how investors and analysts can look beneath companies’ financial statements into their operations, to better value and turn around these companies. In the current climate when financial data is less trusted than many times in the past, the book makes...