Structure and Efficiency of Liquidity Strategy in Manufacturing Enterprises
Abstract
The article presents the results of the analysis of the diversification of financial liquidity strategy in industrial processing. Studies have shown that the most commonly used the conservative-aggressive strategy, with a moderate level of liquidity, gave the greatest benefit as measured by the residual income.
Keywords
Financial liquidity; Financial strategy; Profit; Industrial enterprises; Processing industry
References
Biuletyn informacyjny. 2009. NBP, Warszawa 1.
Gitman L.J., 2007. Principles of Managerial Finance. Addison Wesley.
Kłosowska B., Tokarski A., Tokarski M., Chojnacka E., 2006. Strategie finansowania działalności przedsiębiorstw. Oficyna Ekonomiczna, Kraków.
Nowak E., 1990. Metody taksonomiczne w klasyfikacji obiektów społeczno-gospodarczych. PWE, Warszawa.
Ryś M., 2003. Strategie płynności finansowej a prognozowanie upadłości przedsiębiorstw. Banki i Kredyt 11-12.
Van Horne J.C., 1969. A Risk-Return Analysis of a Firm's Working-Capital Position. Engineering Economist 14.
Walker E.W., 1964. Towards a Theory of Working Capital. Engineering Economist 9.
Wędzki D., 1997. Strategie kształtowania i finansowania majątku obrotowego. Rachunkowość 9.
Wędzki D., 2003. Strategie płynności finansowej przedsiębiorstw - przepływy pieniężne a wartość dla właścicieli. Wolters Kluwer Polska - Oficyna Ekonomiczna, Kraków.
Uniwersytet Przyrodniczy w Poznaniu Poland
Uniwersytet Przyrodniczy w Poznaniu Poland
Uniwersytet Przyrodniczy w Poznaniu Poland
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
This journal permits and encourages authors to post items submitted to the journal on personal websites or institutional repositories both prior to and after publication, while providing bibliographic details that credit, if applicable, its publication in this journal.
Most read articles by the same author(s)
- Zbigniew Gołaś, Factors Affecting Labour Productivity in the SME Sector of the European Union , Journal of Agribusiness and Rural Development: Vol 22 No 4 (2011)
- Anna Bieniasz, Dorota Czerwińska-Kayzer, Debt of Households in the Banking Sector in Poland , Journal of Agribusiness and Rural Development: Vol 15 No 1 (2010)
- Zbigniew Gołaś, Mariusz Ścibek, Analiza tendencji zmian na polskim rynku piwa , Journal of Agribusiness and Rural Development: Vol 15 No 1 (2010)
- Zbigniew Gołaś, Anna Witczyk, Notion and Methods of Measurement of Enterprise Financial Liquidity , Journal of Agribusiness and Rural Development: Vol 15 No 1 (2010)
- Anna Bieniasz, Paulina Anioła, Cluster Analysis Application for Analysing a Diversification in a Perception of Cooperative Banks , Journal of Agribusiness and Rural Development: Vol 16 No 2 (2010)
- Anna Bieniasz, Dorota Czerwińska-Kayzer, Zbigniew Gołaś, Analysis of Return on Equity of Manufacturing Companies in Poland , Journal of Agribusiness and Rural Development: Vol 16 No 2 (2010)
- Zbigniew Gołaś, Mikołaj Parzonka, Position of Microenterprises in EU Economy , Journal of Agribusiness and Rural Development: Vol 16 No 2 (2010)
- Zbigniew Gołaś, Mikołaj Parzonka, Trade Microenterprises in EU Economy , Journal of Agribusiness and Rural Development: Vol 17 No 3 (2010)
- Anna Bieniasz, Dorota Czerwińska-Kayzer, The Length of Cash Conversion Cycle - Result of Different Construction of Ratios , Journal of Agribusiness and Rural Development: Vol 7 No 1 (2008)
- Zbigniew Gołaś, Magdalena Kozera, Financial Consequences of Differentiation of Labour Productivity Strategy in Agricultural Farms , Journal of Agribusiness and Rural Development: Vol 7 No 1 (2008)