Abstract
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 [18] 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.
JEL Codes
G32, L25, L60
Keywords
Capital , Firm , Small Firms , Manufacturing, Working Capital
Recommended Citation
Burns, Richard and Walker, Joe
(1991)
"A Survey of Working Capital Policy among Small Manufacturing Firms,"
Journal of Small Business Finance:
Vol. 1:
Iss.
1, pp. 61-74.
DOI: https://doi.org/10.57229/2373-1761.1112
Available at:
https://digitalcommons.pepperdine.edu/jef/vol1/iss1/6
