ISSN: 2450-7741
OAI
DOI: 10.18276/frfu.2018.92-01
Issue archive /
2/2018 (92)
Czy istnieje nadpłynność? Analiza związku między płynnością a rentownością
(Is excess liquidity real? The analysis of relationship between liquidity and profitability)
| Authors: |
Adam
Adamczyk
Uniwersytet Szczeciński Piotr Waśniewski Uniwersytet Szczeciński, Wydział Nauk Ekonomicznych i Zarządzania, Instytut Rachunkowości, Katedra Pomiaru Dokonań i Controllingu, e-mail: piotr.wasniewski@usz.edu.pl |
| Keywords: | excess liquidity financial liquidity profitability indicators |
| Data publikacji całości: | 2018 |
| Page range: | 11 (11-21) |
| Klasyfikacja JEL: | C23 G32 L25 |
Abstract
Purpose – The purpose of the article is to verify the hypothesis, that too high liquidity level cause a decrease in the profitability of the enterprise.
Design/methodology/approach – The usage of panel data model built on the financial results of enterprises of chosen GPW market sector.
Findings – The hypothesis were confirmed that excessive liquidity has a negative impact on the level of the profitability, however, the level of liquidity ratios at which this phenomenon occurs, significantly exceeds the values generally considered to be normative.
Originality/value – In many studies the relationship between liquidity and profitability is modeled as a linear relationship. This study assumes an approach, that is nonlinear.
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