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2016 | 23 | 5-20
Article title

Working capital management and liquidity reserves: The context of risk retention

Content
Title variants
Languages of publication
EN
Abstracts
EN
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.
Year
Volume
23
Pages
5-20
Physical description
Contributors
  • Department of Corporate Finance and Insurance. Faculty of Finance and Insurance. University of Economics in Katowice
author
  • Department of Corporate Finance and Insurance. Faculty of Finance and Insurance. University of Economics in Katowice
author
  • Department of Corporate Finance and Insurance. Faculty of Finance and Insurance. University of Economics in Katowice
  • Department of Corporate Finance and Insurance. Faculty of Finance and Insurance. University of Economics in Katowice
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Document Type
Publication order reference
Identifiers
ISSN
1732-1948
YADDA identifier
bwmeta1.element.cejsh-49095bcc-5486-4cb8-aee0-c60b2a461c22
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