Tools of active company liquidity management
Journal Title: Zarządzanie i Finanse - Year 2013, Vol 11, Issue 1
Abstract
Financial liquidity, in the most general terms, is defined as the ability of a company to settle its liabilities. This ability guarantees that the company will be able to incur new liabilities in the future and, consequently, receive new assets used in a business activity. It is also essential for the company to obtain the resources which make it possible to repay the already incurred liabilities. The dissertation raises the issue of managing financial liquidity of the company. It outlines and defines the concept of financial liquidity of the com-pany and, additionally, presents modern financial tools enabling effective and active liquidity management. Due to its length, the dissertation is mainly of a theoretical nature and it definitely lacks empirical research confirming its main arguments. Each company, in order to operate on the market, has to sell. To do it, however, it needs to buy materials, goods, etc. If a given company settles its liabilities at a low level, the management board perceives the price it has to pay for additional financing as high. The entities of a high level of financial liquidity are in a different situation – their management boards believe that financial liquidity is of a relatively lower value. Maintaining financial liquidity is prereq-uisite for business continuity. Managing financial liquidity of companies depend on numerous factors. There are many tools of financial liquidity management and their variety makes it possible for every entity to find a service adjusted to its needs and the nature of its activity.
Authors and Affiliations
Marek Gola
Keywords
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