Cash Management Organisation Decision-making: Economics, Strategy and Operations

• Autorzy: Wim Westerman
• Języki publikacji: EN

Abstrakty

EN

Aim: This article starts from the observations of two experts, who witness varying company views on the almost-vanished issue of structuring the internal decision-making on the organisation of cash management. The aim of this article is to put the current challenging developments in a digitalizing world into a conceptual perspective. Research design: The article singles out motives for either centralization or decentralization of cash management, models to organize cash management functions, as well as developments in the field over the last some thirty years. Various theoretical views are studied briefly in order to find a way out of the signalled paradox into a refined future. Findings: It can be concluded that multiple practices may coexist both within and between firms, whereby a refined understanding in terms of financial economics, strategic direction and operational flexibility is called for. Originality: The present study is unique in that it is among the first in academia to signal the return of the centralisation versus decentralisation issue in cash management in a rapidly evolving digital era and a multi-legislation world. Implications: The developments offer a unique opportunity for firms, further reducing their costs, to overthink their cash management system, including its relation to the external world. The study calls for follow-up research in terms of case studies at organisations with varying contingencies and survey questionnaires among representative samples.(original abstract)

Słowa kluczowe

EN

Cash management; Decentralization; Decision making

PL

Zarządzanie gotówką; Decentralizacja; Podejmowanie decyzji

• Czasopismo: Central European Review of Economics and Management
• Rocznik: 2020
• Tom: 4
• Numer: nr 2 Contemporary Issues of Behavioral Research in Business, Economics and Finance
• Strony: 155--166

Twórcy

autor

Wim Westerman

• University of Groningen, The Netherlands

Bibliografia

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Identyfikatory

DOI

10.29015/cerem.874