Monograph 2024
Authors / editors: Małgorzata Porada-Rochoń, Edyta Mioduchowska-Jaroszewicz, Mirela Romanowska, Joanna Kowalik
Application of Financial Analysis in Business Practice
The aim of this book is to outline selected theoretical and practical issues in financial analysis. The book is of a theoretical and practical nature and consists of an introduction and five chapters. The subject of the stud…
DOI: 10.18276/978-83-7972-754-4 · ISBN: 978-83-7972-753-7
Article 2018
Authors / editors: Adam Adamczyk, Piotr Waśniewski
Published in: Finanse, Rynki Finansowe, Ubezpieczenia
Purpose – The purpose of the article is to verify the hypothesis, that too high liquidity level cause a decrease in the profitability of the enterprise.
Design/methodology/approach – The usage of panel data model built on the financial results of enterprises of chosen GPW market…
DOI: 10.18276/frfu.2018.92-01 · ISSN: 2450-7741
Article 2018
Authors / editors: Tomasz Wiśniewski
Published in: Finanse, Rynki Finansowe, Ubezpieczenia
Purpose – Presentation of selected premiums and discounts applicable in business valuation in Poland in the context of the developed markets experience.
Design/Methodology/approach – Overview and analysis of international literature dedicated to business valuation. The analysis…
DOI: 10.18276/frfu.2018.91-32 · ISSN: 2450-7741
Article 2018
Authors / editors: Andrzej Kuciński
Published in: Finanse, Rynki Finansowe, Ubezpieczenia
Purpose – The purpose of the article is to analyze and assess the structural liquidity of a company on a group of selected capital companies listed on the Warsaw Stock Exchange.
Design/Methodology/approach – The subject of the study covered 5 companies from the footwear sector l…
DOI: 10.18276/frfu.2018.94/1-12 · ISSN: 2450-7741
Article 2018
Authors / editors: Rafał Wolski, Monika Bolek
Published in: Finanse, Rynki Finansowe, Ubezpieczenia
Purpose - The aim of the article is to assess the impact of financial liquidity on the growth of enterprises listed on the Warsaw Stock Exchange.
Design/methodology/approach - A cross-sectional regression survey was conducted on annual data from financial reports of companies …
DOI: 10.18276/frfu.2018.91-25 · ISSN: 2450-7741
Article 2018
Authors / editors: Grzegorz Zimon
Published in: Finanse, Rynki Finansowe, Ubezpieczenia
Aim - The aim of the article is to present liquidity management strategies in enterprises operating wi-thin group purchasing organizations.In the article one presents how the functioning within GPOs influences the level of financial liquidity and which strategies of financial liq…
DOI: 10.18276/frfu.2018.91-19 · ISSN: 2450-7741
Article 2018
Authors / editors: Małgorzata Kowalik
Published in: Finanse, Rynki Finansowe, Ubezpieczenia
Abstract: Objective – The objective of the paper is to present an analysis of the condition of companies in respect of profitability and financial liquidity, as well as to attempt to establish the relationship between those two areas of analysis, enabling fuller evaluation of the…
DOI: 10.18276/frfu.2018.91-04 · ISSN: 2450-7741
Article 2018
Authors / editors: Dariusz Nowak, Sławomir Górczyński
Published in: Finanse, Rynki Finansowe, Ubezpieczenia
Abstract: Purpose – the aim of the paper is to present, in the cognitive aspect, the opinions, judgements and notions of entrepreneurs regarding the financing of the current activity of the enterprise with trade credit.
Methodology/approach – the nature of the research problem d…
DOI: 10.18276/frfu.2018.91-17 · ISSN: 2450-7741
Article 2018
Authors / editors: Szymon Stereńczak
Published in: Finanse, Rynki Finansowe, Ubezpieczenia
Purpose – The aim of the study is to describe the dynamics of market liquidity and cross-sectional variation in stock liquidity on the Warsaw Stock Exchange in the years 2001-2016.
Design/Methodology/approach – To measure stock liquidity three measures have been applied, namely …
DOI: 10.18276/frfu.2018.91-23 · ISSN: 2450-7741
Article 2018
Authors / editors: Agata Gniadkowska - Szymańska, Monika Bolek
Published in: Finanse, Rynki Finansowe, Ubezpieczenia
Purpose – The purpose of the article is to present the principles of assessment of the economic condition and financial liquidity of enterprises on the capital market in the light of the Bankruptcy Law.
Design/Methodology/approach – The article is a theoretical approach in which…
DOI: 10.18276/frfu.2018.91-01 · ISSN: 2450-7741
Article 2017
Authors / editors: Katarzyna Hawran, Joanna Kowalik, Edyta Mioduchowska-Jaroszewicz
Published in: Studia i Prace WNEiZ US
The aim of the article was to show the average results of sectors: materials, automotive, metal, media, light, wholesale, construction, chemical, wood, electromechanical and pharmaceutical for 2013-2014. The paper seeks to use medium-term interpretations of indicators by differen…
DOI: 10.18276/sip.2017.50/3-03 · ISSN: 2450-7733
Article 2017
Authors / editors: Edyta Piątek, Krzysztof Moczydłowski
Published in: Finanse, Rynki Finansowe, Ubezpieczenia
The objective of the article is to highlight and to review the discussion of differences in interpretation occur in the literature between the notions of liquidity and solvency. Parts application of the definitions listed phenomena causes confusion interpretative analysis of fina…
DOI: 10.18276/frfu.2017.89/1-09 · ISSN: 2450-7741
Article 2017
Authors / editors: Agnieszka Wlazły
Published in: Ekonomiczne Problemy Usług
The use of the financial strategy in terms of liquidity is a major dilemma for businesses in the SME sector. Very important will then make a choice of type of capital financing assets removably connected with the company (current assets), and a proper management of financial reso…
DOI: 10.18276/epu.2017.127-31 · ISSN: 1896-382X
Article 2017
Authors / editors: Joanna Olbryś, Michał Mursztyn
Published in: Finanse, Rynki Finansowe, Ubezpieczenia
Purpose – The main aim of the paper was an empirical analysis of market tightness as one of the market liquidity dimensions on the Warsaw Stock Exchange. The additional goal was a robustness analysis of results obtained with respect to the whole sample period January 2005–June 20…
DOI: 10.18276/frfu.2017.1.85-31 · ISSN: 2450-7741
Article 2017
Authors / editors: Dariusz Nowak, Wojciech Przybylski
Published in: Finanse, Rynki Finansowe, Ubezpieczenia
The stabilization of the market contributed to the increase in turnover between the cooperating companies and thus the development of a trade credit. As a result, a large part of Polish companies have problems with payments for the delivered products or rendered services. They ar…
DOI: 10.18276/frfu.2017.1.85-12 · ISSN: 2450-7741
Article 2017
Authors / editors: Arkadiusz Borowiec
Published in: Finanse, Rynki Finansowe, Ubezpieczenia
Purpose – The purpose of this article is to examine the impact of participation of enterprises of different sizes and industries in tendering procedures on their liquidity and profitability.
Design/methodology/approach – The article uses the questionnaire method and analysis of…
DOI: 10.18276/frfu.2017.89/1-25 · ISSN: 2450-7741
Article 2017
Authors / editors: Szymon Stereńczak
Published in: Finanse, Rynki Finansowe, Ubezpieczenia
Purpose – The paper aims to make a critical analysis of the possibilities of using different liquidity measures in studies on the Polish capital market.
Design/methodology/approach – There are presented the most commonly used proxies for stock liquidity with their modifications …
DOI: 10.18276/frfu.2017.89/2-15 · ISSN: 2450-7741
Article 2017
Authors / editors: Krzysztof Kowalke
Published in: Finanse, Rynki Finansowe, Ubezpieczenia
Purpose - the purpose of the article was to analyze and evaluate the liquidity on the Polish shares market, and to compare it with liquidity on other European exchanges.
Design/Methodology/approach - it was analyzed the liquidity of the largest companies listed on selected stock…
DOI: 10.18276/frfu.2017.86-23 · ISSN: 2450-7741
Article 2017
Authors / editors: Szymon Stereńczak
Published in: Finanse, Rynki Finansowe, Ubezpieczenia
Purpose – On developed capital markets, the effect of stock market liquidity on expected stock returns is well documented. However, there is still lack of comprehensive analysis in this field for Polish stock market. Previous studies made on the Warsaw Stock Exchange are ambiguou…
DOI: 10.18276/frfu.2017.86-30 · ISSN: 2450-7741
Article 2016
Authors / editors: Józefa Monika Gryko
Published in: Finanse, Rynki Finansowe, Ubezpieczenia
Purpose – The main purpose of the research study was to determine the importance of innovation as a determinant of cash holdings in public companies. Additional goals were to identify indicators of innovation and verify the importance of other factors indicated in the literature …
DOI: 10.18276/frfu.2016.4.82/2-08 · ISSN: 2450-7741
Article 2016
Authors / editors: Monika Bolek
Published in: Finanse, Rynki Finansowe, Ubezpieczenia
Purpose – The purpose of the study is to present the relationship between liquidity and profitability. Verified hypothesis is: Liquidity affects the efficiency of companies listed on NewConnect. Research methodology – Analysis of correlation and regression on cross-sectional data…
DOI: 10.18276/frfu.2016.4.82/2-01 · ISSN: 2450-7741
Article 2016
Authors / editors: Grzegorz Zimon
Published in: Finanse, Rynki Finansowe, Ubezpieczenia
Purpose – This article aims to present measures related to the management of working capital, informing about threats to the loss of liquidity. The article shows how the different elements forming the working capital impact on liquidity. Design/methodology/approach – The study in…
DOI: 10.18276/frfu.2016.4.82/1-26 · ISSN: 2450-7741
Article 2016
Authors / editors: Mirosław Wasilewski, Serhiy Zabolotnyy
Published in: Finanse, Rynki Finansowe, Ubezpieczenia
The goal of the research is to determine the relations between the profitability and liquidity of agricultural companies. The research has been conducted on the sample of big agricultural companies in 2004–2012. The analyzed companies were characterized by a high liquidity and pr…
DOI: 10.18276/frfu.2016.4.82/1-23 · ISSN: 2450-7741
Article 2016
Authors / editors: Agnieszka Kuś, Magdalena Pawlik
Published in: Finanse, Rynki Finansowe, Ubezpieczenia
Purpose – The article presents variables from the financial liquidity determining the efficiency in industrial companies. Design/methodology/approach – Moreover, it points out the force and the directions of the influence of those factors on the amount of working capital. An econ…
DOI: 10.18276/frfu.2016.4.82/1-08 · ISSN: 2450-7741
Article 2016
Authors / editors: Szymon Stereńczak
Published in: Finanse, Rynki Finansowe, Ubezpieczenia
Purpose – The aim of the article is to do the characteristics of existing measures of capital market liquidity and to examine whether the indications of these measures are positively correlated. Design/methodology/approach – The study was based on an analysis of the correlation b…
DOI: 10.18276/frfu.2016.79-09 · ISSN: 2450-7741
Article 2016
Authors / editors: Joanna Olbryś, Michał Mursztyn
Published in: Finanse, Rynki Finansowe, Ubezpieczenia
Purpose – The main aim of the paper was an empirical analysis of market depth as one of the market liquidity dimensions on the Warsaw Stock Exchange. The additional goal was a robustness analysis of results obtained with respect to the whole sample period January 2005–June 2015, …
DOI: 10.18276/frfu.2016.79-07 · ISSN: 2450-7741
Article 2016
Authors / editors: Monika Bolek
Published in: Finanse, Rynki Finansowe, Ubezpieczenia
Purpose – The purpose of the study is to analyze the relationship between liquidity and growth of companies in the context of its potential for growth. Verified hypothesis is: liquidity is associated with the growth of companies with higher growth potential. Research methodology …
DOI: 10.18276/frfu.2016.79-03 · ISSN: 2450-7741
Article 2016
Authors / editors: Andrzej Stolarski
Published in: Finanse, Rynki Finansowe, Ubezpieczenia
Purpose – The purpose of this article is to present classification of tax optimization methods with comparison to the tax liability’s creation and expiration process. Research/methodology – Article is based on the study of literature and sources of the applicable tax laws. Result…
DOI: 10.18276/frfu.2016.5.83/1-14 · ISSN: 2450-7741
Article 2016
Authors / editors: Bartłomiej Nita
Published in: Finanse, Rynki Finansowe, Ubezpieczenia
Purpose – the purpose of the paper is to clarify the relationship between net long-term financing and net working capital requirement in the assessment of corporate financial liquidity. De-sign/Methodology/Approach – the methodology adopted includes logical reasoning, critical ev…
DOI: 10.18276/frfu.2016.2.80/2-17 · ISSN: 2450-7741
Article 2016
Authors / editors: Wojciech Hasik
Published in: Finanse, Rynki Finansowe, Ubezpieczenia
Purpose – the purpose of the paper is to investigate the actual reporting practices of Polish pub-lic companies quoted on Warsaw Stock Exchange (WSE) and asses their relevance for stakeholders. This pa-per presents results of author’s wider research on quality of financial inform…
DOI: 10.18276/frfu.2016.2.80/2-12 · ISSN: 2450-7741