Object

PLMET:

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Title:

Cele długoterminowych decyzji finansowych

Alternative title:

Objectives of the long-term fi nancial decisions

Creator:

Gadawska, Jolanta

Subject and Keywords:

financial decisions   the objectives of financial decisions   the criterion of flow   resulting criterion   the efficiency of financial decisions  
decyzje finansowe   cele decyzji finansowych   skuteczność decyzji finansowych   gospodarka finansowa

Description:

Tyt. zeszytu: Transformacje systemu gospodarczego : (prace poświęcone pamięci Profesora Tomasza Afeltowicza)

Abstract:

The main goal of the article is to characterise different types of fi nancial decisions taken by companies, with special insight into long-term fi nancial decisions. The article presents main theories of fi nancial decisions, goals of fi nancial management and types of decisions in fi nancial management fi eld. The main measures of the effectiveness of fi nancial decisions are the cost of capital and the degree of leverage. The rate of return on invested capital must be higher than the cost of capital provided. Maximizing business value is the overriding long term goal of the decisions taken by its owners. Decisions made in companies are reviewed by the capital market. We can state that effectiveness of fi nancial (capital) decisions depends on the effi ciency of investment decisions, and vice versa. A basic condition for making rational decisions is a conduct in accordance with the objective function. Therefore, the new economic approach primarily aims to maximize the wealth of the owners, which means the company achieves the optimal level in particular circumstances

Place of publishing:

Wrocław

Publisher:

Wydawnictwo Uniwersytetu Wrocławskiego

Contributor:

Olszewski, Leon (1940- ). Red.

Date issued:

2010

Date copyrighted:

2010

Detailed Type:

czasopisma online

Identifier:

oai:repozytorium.uni.wroc.pl:96414   ISSN 2084-4093   ISBN 978-83-229-3281-0

Language:

pol   eng

Relation:

Acta Universitatis Wratislaviensis, ISSN 0239-6661 ; no 3398. Ekonomia, ISSN 2084-4093 ; 18, s. 263-275

WUL Catalog:

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Is version of:

Czasopisma Naukowe w Sieci

Rights holder:

Copyright by Wydawnictwo Uniwersytetu Wrocławskiego Sp. z o.o.

Location of original object:

Biblioteka Wydziału Prawa, Administracji i Ekonomii

Autor opisu:

WR U/PAdjm