Working Capital and Debtor Management: Exercises
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55
978-87-403-0588-3
Books at bookboon.com
2013
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loginIntroduction: Irrespective of the research area (whether in the physical or social sciences) a logical procedure when constructing theoretical models has always been to make simplifying assumptions to improve our understanding of the real world. As a convenient benchmark, all the texts in my bookboon series (referenced at the end of this Chapter) therefore begin with an idealised picture of investors (including management) who are rational and risk-averse, operating in reasonably efficient capital markets. With a free flow of information and no barriers to trade, they can formally analyse one course of action in relation to another for the purpose of wealth maximisation with a degree of confidence.
