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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 Series

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

Suggested Citation

Michalski, Grzegorz Marek, The Optimum Level of the Financial Liquidity in the Small and Middle Enterprises. Available at SSRN: http://ssrn.com/abstract=1000764


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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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