Net working capital (“NWC”) is often a highly scrutinized component in M&A deals and can significantly impact the purchase price. NWC represents the liquidity a company needs to run its day-to-day ...

Net working capital is a useful tool for analyzing exactly what's driving a company from one year to the next.

In a business acquisition, the buyer should receive sufficient net working capital, or (NWC), to operate the business in its ordinary course. The assessment and negotiation of NWC is important; ...

However, the linkage between net working capital and firm performance (e.g., firm-level total factor productivity and profitability) has been overlooked in the literature. In this study, we bridge ...