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The Reasons Why the Industrial Firms Hold Financial Liquidity

Grzegorz Michalski
Wroclaw University of Economics

Uniwersytet Szczecinski, Wydzial Nauk Ekonomicznych i Zarzadzania, pp. 91-99, 2003

Abstract:
Industrial companies invest a lot of money to maintain their liquidity. The article present reasons for holding sufficient level of financial liquidity in an industrial firms. Proposition of article is based on information about value of liquidity.

Note: Downloadable document is in Polish.

Keywords: Demand for Liquidity, Liquidity balances, Risk, Uncertainty, Real Options, Option Value of Money, Short-Term Financial Management, Working Capital Management, Value of liquidity

JEL Classifications: G39, G32, G11, M11, D81, O16, P33, P34

Accepted Paper Series

Date posted: July 14, 2007 ; Last revised: July 14, 2007

Suggested Citation

Michalski, Grzegorz Marek, The Reasons Why the Industrial Firms Hold Financial Liquidity. Available at SSRN: http://ssrn.com/abstract=1000698

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Contact Information

Grzegorz Marek Michalski (Contact Author)

Wroclaw University of Economics ( email )

Komandorska Street 118/120, p. Z-1, KFPiZW
Department of Corporate Finance & Value Management
Wroclaw , Lower Silesia 53-345
Poland
0048503452860 (Phone)
0048717181717 (Fax)

HOME PAGE: http://michalskig.ae.wroc.pl/

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