The Optimum Level of the Financial Liquidity in the Small and Middle Enterprises
Grzegorz Marek Michalski
Wroclaw University of Economics, Department of Corporate Finance and Value Creation
Wydawnictwo Uniwersytetu Szczecinskiego, 2005
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.
Number of Pages in PDF File: 12
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 Classification: G39, G32, G11, M11, D81, O16, P33, P34Accepted Paper Series
Date posted: July 19, 2007
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