THE ECONOMIC RECESSION AND WORKING CAPITAL MANAGEMENT OF COMPANIES IN POLAND
Published: 29 Aug 2014
Abstract: Working capital is the most liquid and dynamic component of total assets. Working capital management, as the core content of short-term corporate finance, is vital to enterprises' survival and development. This article aims to highlight the impact of the economic recession in the economy at the enterprises' working capital and strategy of its management. It is suggested that working capital requirements and liquidity needs increase for firms when the economy is in poor economic conditions or is in recession. This article focuses on the analysis of the changes in working capital management and based on financial data of companies in Poland.
Keywords: working capital management, recession, liquidity, poland
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