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The Optimum Level of the Financial Liquidity in the Small and Middle Enterprises
Grzegorz Michalski Wroclaw University of Economics Wydawnictwo Uniwersytetu Szczecinskiego, 2005 Abstract: Actually determining the value of liquidity is one of the unsolved problems in finance. Having information about value of liquidity in small and middle enterprises we can better tackle the problems of financial liquidity management can be rosolved thanks information about optimal level of liquidity in SME resulting from balancing intrinsic value of liquidity with external value of liquidity.
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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