Strategie gospodarowania kapitałem obrotowym netto a sytuacja finansowa przedsiębiorstw przemysłowych
Working capital management strategies and financial situation of industrial companies
Zeszyty Naukowe SGGW - Ekonomika i Organizacja Gospodarki Żywnościowej, 2010, vol., nr 82, s. 139-150
Abstract
In this paper investigate the relationship between working capital management strategies, and financial situation of industrial companies. Autor used sample of 65 companies listed in the Polish Stock Exchange for the period of 2004–2008. The empirical findings show a relationship between working capital management strategies, and profitability and financial liquidity. A moderate strategy in the scope usually allowed to gain the highest level of effectiveness. Opposite approaches to working capital management usually do not ensure the optimal level of profitability and financial liquidity