ISSN: 2450-7741
eISSN: 2300-4460
OAI
DOI: 10.18276/frfu.2016.79-03
Issue archive /
1/2016 (79)
Związek wzrostu przedsiębiorstwa z płynnością finansową w kontekście posiadanego potencjału wzrostu na przykładzie spółek notowanych na NewConnect
(Comapny Growth and It’s Financial Liquidity in the Context of Growth Potential Basing on Companies Listed on NewConnect)
| Authors: | Monika Bolek |
| Keywords: | financial liquidity company growth growth potential |
| Data publikacji całości: | 2016 |
| Page range: | 16 (41-56) |
Abstract
Purpose – The purpose of the study is to analyze the relationship between liquidity and growth of companies in the context of its potential for growth. Verified hypothesis is: liquidity is associated with the growth of companies with higher growth potential. Research methodology – Panel surveys conducted on a group of non-financial companies listed on NewConnect in the years 2007–2014 and used some of the solutions for the measurement of growth and the potential offered by Danbolt, Hirst and Jones. Result – The result of the research is a statement that liquidity measured by dynamic metrics: the cash conversion cycle and cash flow from operating activities affect the growth of the company in the group of companies with the potential of growth. Originality/value – the choice of liquidity and evaluating its relationship with the growth of companies, and the proof that dynamic measures of financial liquidity are related to growth when a company has the potential to grow
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