PLMET:

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Title:

The impact of economic crisis on the liquidity of agricultural enterprises in Poland

Subject and Keywords:

agriculture   financial liquidity   economic crisis   agricultural enterprises

Abstract:

The economic crisis is a serious challenge for all enterprises, especially in the area of financial liquidity management. Maintaining liquidity is crucial in the business of each company, including agriculture. Liquidity management in agricultural enterprises is particularly difficult due to the fact that the production process does not overlap the process of labor in their case and the production is heavily dependent on nature. Revenues from sales are seasonal, but the expenses are incurred throughout the whole year. The article presents the results of research which clarify to what extent the economic crisis has affected the liquidity of Polish agricultural companies operating in various industries. The article presents the average values of the liquidity indicators of agricultural enterprises by groups of companies engaged in farming and animal husbandry. Analysis of the liquidity ratios of these enterprises demonstrates that, during the crisis as well as after its completion, all agricultural enterprises, except poultry-rearing, were characterized by relatively high liquidity. Thus, the economic crisis has not contributed to decline in liquidity of most agricultural enterprises. The conclusion is that farmers during the crisis sought to maintain a relatively high level of funds, which in turn can have a negative impact on their future economic situation, as only the assets involved in the business can bring some profits in perspective.

Place of publishing:

Wrocław

Publisher:

E-Wydawnictwo. Prawnicza i Ekonomiczna Biblioteka Cyfrowa. Wydział Prawa, Administracji i Ekonomii Uniwersytetu Wrocławskiego

Date issued:

2016

Detailed Type:

ebook

Format:

application/pdf

Identifier:

ISBN 978-83-65431-41-7

Language:

pol   eng

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Is part of:

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Access rights:

The use of this material is allowed only with accordance of applicable rules of fair use or other exceptions provided by law, and any broader use requires the permission of the authorized entity

License:

Making materials available on the basis of the agreement with the owner of the property copyrights

Rights holder:

Copyright by Emilia Konopska-Struś

Autor opisu:

TK