The Optimum Level of the Financial Liquidity in the Small and Middle Enterprises

Wydawnictwo Uniwersytetu Szczecinskiego, 2005

12 Pages Posted: 19 Jul 2007  

Grzegorz Michalski

Uniwersytet Ekonomiczny we Wrocławiu - Faculty of Engineering and Economics

Abstract

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.

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, The Optimum Level of the Financial Liquidity in the Small and Middle Enterprises. Available at SSRN: https://ssrn.com/abstract=1000764

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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