Relation Price to Book Value as Factor Shaping Internal Value of Liquidity
Strategie i instrumenty Alokacji Kapitalu Finansowego, pp. 409-419, Lublin, 2004
13 Pages Posted: 19 Jul 2007
The basic financial purpose of an enterprise is maximization of its value. The key theme of this paper is Price/Book Value relation as factor shaping value of liquidity. This relation increase internal value of financial liquidity of the firm.
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, P34
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