This study reports results of a nationwide survey on overall working capital policy of small manufacturing firms. The survey instrument used was a modified version of the 1980 Smith and Sell study  on large firms. A detailed 36-question form queried firms on their overall working capital policies as well as on the management of the components of working capital. Statistically significant measures of association between working capital policies and tools were found among many of the variables. However, many other expected relationships were not confirmed.
G32, L25, L60
Capital , Firm , Small Firms , Manufacturing, Working Capital
Burns, Richard and Walker, Joe
"A Survey of Working Capital Policy among Small Manufacturing Firms,"
Journal of Small Business Finance:
1, pp. 61-74.
Available at: http://digitalcommons.pepperdine.edu/jef/vol1/iss1/6