Tóm tắt
The study introduces cash capital management models in enterprises including Baumol model, Miller-Orr model and Stone model, and introduces details of these models, pros and cons of each model. With the model characteristics and current situation of Vietnamese enterprises, the study has shown that the Miller-Orr model is more feasible in cash capital management at enterprises. It is noted that, based on the financial report data of Vietnam Dairy Products Joint Stock Company in 2017, the study illustrates application steps of Miller- Orr model in cash capital management in Vietnamese enterprises. The model application results show that the solvency and profitability of the enterprise are significantly improved compared to those before applying this model.