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Relation Price to Book Value as Factor Shaping Internal Value of Liquidity

Grzegorz Michalski
Wroclaw University of Economics

Strategie i instrumenty Alokacji Kapitalu Finansowego, pp. 409-419, Lublin, 2004

Abstract:
The basic financial purpose of an enterprise is maximization of its value. The key theme of this paper is Price/Book Value relation as factor shaping value of liquidity. This relation increase internal value of financial liquidity of the firm.

Keywords: Value of liquidity, Value based management, Liquidity measures, 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 Series

Date posted: July 19, 2007 ; Last revised: July 23, 2007

Suggested Citation

Michalski, Grzegorz Marek, Relation Price to Book Value as Factor Shaping Internal Value of Liquidity. Strategie i instrumenty Alokacji Kapitalu Finansowego, pp. 409-419, Lublin, 2004. Available at SSRN: http://ssrn.com/abstract=1000742

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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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