BazEkon - Biblioteka Główna Uniwersytetu Ekonomicznego w Krakowie

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Autor
Koralun-Bereźnicka Julia (University of Gdansk, Poland)
Tytuł
Country and Industry Factors as Determinants of Corporate Financial Liquidity in the European Union Countries
Źródło
Bank i Kredyt, 2011, nr 1, s. 19-47, aneks, bibliogr. 61 poz.
Słowa kluczowe
Płynność finansowa przedsiębiorstwa, Metody statystyczne, Analiza skupień
Enterprises financial liquidity, Statistical methods, Cluster analysis
Uwagi
summ.
Firma/Organizacja
Unia Europejska (UE)
European Union (EU)
Abstrakt
Financial liquidity is considered as one of the most important features of corporate performance. This study is meant to verify whether the short-term solvency depends more on the specific features of the country, where an enterprise operates, or whether it is more heavily influenced by the industrial factors. The relative importance of the industry and country effect in financial liquidity ratios is evaluated with the use of multivariate statistical methods, involving mainly cluster analysis. The study involves 13 industries in 10 European Union countries, including Poland in the period 1999-2005. The study is based on the harmonised and aggregated financial reports from the European Commission BACH database. Findings provide empirical evidence that industrial factors constitute a more important determinant of corporate financial liquidity than country-specific factors. The results of the analysis may be useful for optimising investment diversification strategies. (original abstrakt)
Dostępne w
Biblioteka Główna Uniwersytetu Ekonomicznego w Krakowie
Biblioteka Szkoły Głównej Handlowej w Warszawie
Biblioteka Główna Uniwersytetu Ekonomicznego w Katowicach
Biblioteka Główna Uniwersytetu Ekonomicznego w Poznaniu
Biblioteka Główna Uniwersytetu Ekonomicznego we Wrocławiu
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Bibliografia
Pokaż
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ISSN
0137-5520
Język
eng
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