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Definition and Meaning Short-Term Financial Liquidity
Grzegorz Michalski Wroclaw University of Economics Prace Naukowe Akademii Ekonomicznej we Wroclawiu, 2004 Abstract: Maximization of wealth of his owners is the basic financial aim in management of enterprise. Short-term financial liquidity management contributes to realization this aim. Article presents financial liquidity definitions, relations among them and its influence on enterprise's owner wealth.
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 SeriesDate posted: July 19, 2007 ; Last revised: July 19, 2007Suggested CitationContact Information
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