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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  

Grzegorz Michalski

Uniwersytet Ekonomiczny we Wrocławiu - Faculty of Engineering and Economics

Abstract

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

Suggested Citation

Michalski, Grzegorz, Relation Price to Book Value as Factor Shaping Internal Value of Liquidity. Strategie i instrumenty Alokacji Kapitalu Finansowego, pp. 409-419, Lublin, 2004. Available at SSRN: https://ssrn.com/abstract=1000742

Grzegorz Michalski (Contact Author)

Uniwersytet Ekonomiczny we Wrocławiu - Faculty of Engineering and Economics ( email )

ul. Komandorska 118-120
Wroclaw, 53-345
Poland

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