Corporate Working Capital Management Practices in the Backdrop of Recent Global Recession

Abstract

The Global Recession (2008) that had its roots in U. S. subprime crisis has been documented in many of the latest research papers as by far the deepest global recession since the great depression. This crisis that initially seemed to be localized in the U. S. financial system exploded into a severe global recession percolating through the international trade, financial flows and commodity prices to other countries around the globe on account of interdependence and synchronization among them.