Finanse, Rynki Finansowe, Ubezpieczenia

Wcześniej: Zeszyty Naukowe Uniwersytetu Szczecińskiego. Finanse, Rynki Finansowe, Ubezpieczenia

ISSN: 2450-7741     DOI: 10.18276/frfu.2018.92-01
CC BY-SA   Open Access 

Lista wydań / 2/2018 (92)
Czy istnieje nadpłynność? Analiza związku między płynnością a rentownością

Rok wydania:2018
Liczba stron:11 (11-21)
Klasyfikacja JEL: C23 G32 L25
Słowa kluczowe: nadpłynność przedsiębiorstw płynność finansowa wskaźniki rentowności
Autorzy: 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

Abstrakt

Cel – Celem artykułu jest weryfikacja hipotezy, że zbyt wysoka płynność finansowa wywołuje negatywne zjawiska, w efekcie których ograniczana jest rentowność. Metodologia badania – Wykorzystanie modelu danych panelowych zbudowanego na podstawie wyników finansowych spółek wybranego sektora giełdowego. Wynik – Potwierdzono hipotezę, że nadmierna płynność negatywnie oddziałuje na poziom rentowności, jednak poziom wskaźników płynności, przy których występuje to zjawisko, znacząco przekracza wartości powszechnie uważane za normatywne. Oryginalność/wartość – W większości badań prowadzonych w zakresie relacji między płynnością a rentownością zakłada się liniową zależność między tymi wielkościami. W badaniu przyjęto podejście, że związek ten ma charakter nieliniowy.
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