CZYNNIKI KSZTALTUJACE PlYNNOSC FINANSOWA PRZEDSIEBIORSTW PRZEMYSLU SPOZYWCZEGO W POLSCE

W artykule zaprezentowano wyniki analizy czynnikow ksztaltujacych plynnosc finansowa w przedsiebiorstwach przemyslu spozywczego w Polsce w latach 2005–2008. W analizie wykorzystano propozycje przyczynowo-skutkowego powiazania czynnikow ksztaltujacych plynnosc finansowa, w ktorej poziom plynnosci determinowany jest przez strukture aktywow, rotacje zobowiazan biezacych oraz strategie finansowania wyrazona mnoznikiem kapitalowym i stopniem finansowania dzialalnosci kapitalem wlasnym.plynnosc finansowa, czynniki ksztaltujace plynnosc finansowa, przemysl spozywczy, analiza regresji

The relationship between working capital and profitability in food industry firms in Poland

The article presents the results of the effectiveness of working capital management in the food industry in Poland. The study was conducted in the 30 branches (classes) of the food industry over the period 2005-2009, based on unpublished data of the Central Statistical Office. The effectiveness of working capital management were evaluated using a cycles of inventories, receivables, liabilities and cash conversion cycle and in relation to rates of return earned on assets. Studies have shown that in industries where these cycles are the shortest achieved the highest rate of return. The beneficial effect of shortening the cycle of working capital on profitability is also verified by using regression analysis

FACTORS INFLUENCING THE FINANCIAL LIQUIDITY OF THE FOOD INDUSTRY IN POLAND (Czynniki ksztaltujace plynnosc finansowa przedsiebiorstw przemyslu spozywczego w Polsce)

The article presents the results of the analysis of the factors influencing the financial liquidity of the enterprises of food industry in Poland in 2005-2008. The analysis used the proposal to a causal relationship factors influencing the liquidity, where the level of financial liquidity is determined by the structure of assets, rotation of the current liabilities and the financing strategy