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Autor
Wieczorek-Kosmala Monika (University of Economics in Katowice, Poland), Doś Anna (University of Economics in Katowice, Poland), Błach Joanna (University of Economics in Katowice, Poland), Gorczyńska Maria (University of Economics in Katowice, Poland)
Tytuł
Working Capital Management and Liquidity Reserves: The Context of Risk Retention
Źródło
Journal of Economics & Management / University of Economics in Katowice, 2016, nr 23, s. 5-20, rys., tab., bibliogr. 44 poz.
Słowa kluczowe
Zarządzanie kapitałem obrotowym, Płynność finansowa, Rentowność, Spółki giełdowe
Management of working capital, Financial liquidity, Profitability, Stock market companies
Uwagi
summ.
Abstrakt
Working capital management belongs to most relevant company's decisions, as it influences both profitability and liquidity. In the liquidity context, the paper offers a broader view on the scope of working capital management decisions, by expanding its linkages with risk management. In particular, the paper develops a conceptual model of the analysis of company's liquidity reserves, which is relevant for establishing company's risk retention capabilities. In the empirical layer, the paper examines the sample of Polish listed companies with regard to the magnitude, relevance and time-suitability of liquidity reserves. The empirical verification is also directed on the identification of these areas of working capital management which are relevant for sourcing liquidity reserves. In this aspect, cluster analysis and factor analysis was implemented. The study found that the majority of the examined companies hold liquidity reserves. As the most relevant aspect of working capital management the maintenance of financial stability has emerged.(original abstract)
Dostępne w
Biblioteka Główna Uniwersytetu Ekonomicznego w Krakowie
Biblioteka Szkoły Głównej Handlowej
Biblioteka Główna Uniwersytetu Ekonomicznego w Katowicach
Biblioteka Główna Uniwersytetu Ekonomicznego w Poznaniu
Biblioteka Główna Uniwersytetu Ekonomicznego we Wrocławiu
Pełny tekst
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Bibliografia
Pokaż
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ISSN
1732-1948
Język
eng
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