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Reasons of the Support of the Financial Liquidity in the Firm
Grzegorz Michalski Wroclaw University of Economics FINANSE I BANKOWOSC NR 11, D. Misinska, M. Myszkowska, eds., pp. 115-124, Wroclaw, 2003 Abstract: Industrial companies invest large sums in the support of financial liquidity. The article presents reasons of the support of the financial liquidity. They consist of the possibility of the saving on transaction costs, provisions before expensive and negative results of the lack of liquidity, possibilities of executing of unusually profitable sensitive investments on the time and the possibility of the use properly high-level of the liquidity in the aim of financing its own activity and the investment.
Note: Downloadable document is in Polish. Keywords: Demand for Liquidity, Liquidity balances, Risk, Uncertainty, Real Options, Option Value of Liquidity, Short-Term Financial Management, Working Capital Management JEL Classifications: G39, G32, G11, M11, D81, O16, P33, P34 Accepted Paper SeriesDate posted: July 18, 2007 ; Last revised: August 05, 2007Suggested CitationContact Information
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