The Reasons Why the Industrial Firms Hold Financial Liquidity

Michalski, Grzegorz

Download This Paper

Open PDF in Browser

Add Paper to My Library

The Reasons Why the Industrial Firms Hold Financial Liquidity

Uniwersytet Szczecinski, Wydzial Nauk Ekonomicznych i Zarzadzania, pp. 91-99, 2003

11 Pages Posted: 14 Jul 2007

See all articles by Grzegorz Michalski

Grzegorz Michalski

Technical University in Košice (TUKE); Uniwersytet Ekonomiczny we Wrocławiu - Faculty of Engineering and Economics

Abstract

Industrial companies invest a lot of money to maintain their liquidity. The article present reasons for holding sufficient level of financial liquidity in an industrial firms. Proposition of article is based on information about value of liquidity.

Note: Downloadable document is in Polish.

Keywords: Demand for Liquidity, Liquidity balances, Risk, Uncertainty, Real Options, Option Value of Money, Short-Term Financial Management, Working Capital Management, Value of liquidity

JEL Classification: G39, G32, G11, M11, D81, O16, P33, P34

Suggested Citation: Suggested Citation

Michalski, Grzegorz and Michalski, Grzegorz, The Reasons Why the Industrial Firms Hold Financial Liquidity. Uniwersytet Szczecinski, Wydzial Nauk Ekonomicznych i Zarzadzania, pp. 91-99, 2003, Available at SSRN: https://ssrn.com/abstract=1000698