Short-Term Sme Financing

Michalski, Grzegorz

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Short-Term Sme Financing

Wydawnictwo Uniwersytetu Marii Curie Sklodowskiej w Lublinie, 2005

16 Pages Posted: 19 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

Small and Medium Enterprises finance in another way than larger firms. It is because intrinsic value of liquidity which in SME is on relatively higher level than in larger firms.

Keywords: Short-Run Financing, Small and Medium Enterprises, Demand for Cash, intrinsic value of liquidity, Cash balances, Risk, Uncertainty, Real Options, Option Value of Money, Short-Term Financial Management, Working Capital Management

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

Suggested Citation: Suggested Citation

Michalski, Grzegorz and Michalski, Grzegorz, Short-Term Sme Financing. Wydawnictwo Uniwersytetu Marii Curie Sklodowskiej w Lublinie, 2005, Available at SSRN: https://ssrn.com/abstract=1000763