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2023 | 7 | nr 2 | 7--13
Tytuł artykułu

Centralisation of Cash Management: Still Advisable?

Warianty tytułu
Języki publikacji
EN
Abstrakty
EN
This article builds upon recent evidence that centralisation of cash management activities, often advocated by enthusiast protagonists from the academic, corporate and consultancy world, has given way to decentralisation thereof. The aim of the article is to underpin the idea that such moves may be good.(original abstract)
Rocznik
Tom
7
Numer
Strony
7--13
Opis fizyczny
Twórcy
  • IU Internationale Hochschule, Munich, Germany
  • Rijksuniversiteit Groningen, Groningen, The Netherlands
Bibliografia
  • Bartsch, C. (2014, Nov 7). Why Implementing an In-house Bank: Advantages, Steps and Consequences, The Global Treasurer, https://www.theglobaltreasurer.com/2014/11/07/why-implement-an-in-house-bank-advantages-steps-and-consequences/.
  • Bartsch, C. (2019, Sep 10). Factors to consider when centralising cash management, The Global Treasurer, https://www.theglobaltreasurer.com/2019/09/10/factors-to-consider-when-centralisingcash-management/.
  • Boom, F., Braaksma, S., Ritsema, H. A., & Westerman, W. (1996). Global cash management services: Citibank and its customers. In: M. Smink, H. Smit, & T. Vorst (Eds.), Financiering en Belegging 1996. Erasmus University Rotterdam, 291 - 317.
  • Blenken Blijdenstein, H., & Westerman, W. (2008). Optimising a global cash management structure at Philips Electronics. Journal of Corporate Treasury Management, 1 (4), 317 - 325.
  • CGI / The Global Treasurer (2022). CGI Transaction Banking Survey. https://www.theglobaltreasurer.com/resources/cgi-transaction-banking-survey-2022/, 67 pp.
  • Eije, J. H. von, & Westerman, W. (2002). Multinational cash management and conglomerate discounts in the Euro zone. International Business Review, 11 (4), 453 - 464.
  • Eije, J. H. von & Westerman, W. (2005). Multinational cash management in Europe towards centralisation and disintermediation: the Philips case. Managerial Finance, 31 (10), 65 - 74.
  • Eije, H. von (2021). Negative Interest Rates, COVID-19, and the Finances of Listed Euro Firms. Central European Review of Economics and Management, 5 (4), 117 - 143. https://doi.org/10.29015/cerem.930.
  • Gonenc, H., Polten, M. O., & Westerman, W. (2022). U.S., Anglo-Saxon European, and non-Anglo-Saxon European cash holdings around the financial crisis. Global Finance Journal, 52, [100712]. https://doi.org/10.1016/j.gfj.2022.100712 .
  • Heeks, R. (1999). Information systems for Public Sector Management: Centralized vs. Decentralized Management of public information systems, Institute for Development Policy and Management. Working Paper Series, No. 7, 1 - 22.
  • Polák, P., Klusáček, I. (2010). Centralisation of treasury management, Business Perspectives, Sumy (Ukraine).
  • Polak, P., Robertson, D. & Lind, M. (2011). The New Role of the Corporate Treasurer: Emerging Trends in Response to the Financial Crisis, International Research Journal of Finance and Economics, No. 78. https://papers.ssrn.com/sol3/papers.cfm?abstract_id=1971158.
  • Polák P., Masquelier, F., Michalski, G. (2018), Towards treasury 4.0. The evolving role of corporate treasury management for 2020, Management - Journal of Contemporary Management Issues, 23 (2), 189 - 197.
  • Polák, P., Roslan, R. (2009). Location criteria for establishing treasury centres in South-East Asia, Journal of Corporate Treasury Management, 2 (4), 331-338.
  • Soenen, L. A. (1985). International Cash Management A study of the practices of Netherlands Based Companies, Management Research News, 8 (1), 12 - 17. https://doi.org/10.1108/eb027855.
  • Tietoevry / The Global Treasurer (2022). The future of corporate cash management: A guide for banks in shaping uniquely, differentiated and valuable services. https://www.theglobaltreasurer.com/resources/the-future-of-corporate-cash-management-2022-2nd-edition, 28 pp.
  • The Global Treasurer (2009, Oct 20). Cash Management Survey 2009: Corporates Put Accounts Receivable and Centralisation in the Spotlight. Available via https://www.theglobaltreasurer.com/2009/10/20/cash-management-survey-2009-corporates-put-accounts-receivable-and-centralisation-in-the-spotlight/ .
  • Westerman, W. (2020). Cash management organisation decision-making: economics, strategy and operations. Central European Review of Economics and Management, 4(2), 155 - 166. https://doi.org/10.29015/cerem.869
Typ dokumentu
Bibliografia
Identyfikatory
Identyfikator YADDA
bwmeta1.element.ekon-element-000171673817

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