Current State and Prospects for Research on Firm’s Working Capital Management

Abstract

Authors: E D Nikulin National Research University The Higher School of Economics

D L Volkov National Research University The Higher School of Economics

The article is devoted to the analysis of the current state and prospects of research on financial aspects of firm’s working capital management. On the grounds of differences in managing object, the original classification of working capital management levels is stated. Three main levels of working capital management are singled out: the level of elements of working capital, the corporate level and the supply chain level. The review of the main research papers on the topics belonging to each level of management considered is presented, the main results obtained are depicted and some current topical issues are stated.