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001-es BibID:BIBFORM050921
Első szerző:Tarnóczi Tibor (közgazdász)
Cím:Liquidity Management of Agricultural Enterprises / Tibor Tarnóczi, Veronika Fenyves, Zoltán Bács
Megjegyzések:Importance of dealing with the risk and the liquidity has been extended since theeconomic and financial crisis was started in 2008. We believe that the liquidity management andcounterparty risk are in generally the two biggest problems of the corporate finance at present. Wealso know that the agricultural enterprises have greater exposure to risk than other industry of theeconomy. This risk exposure has serious consequences for income generation and loan repaymentcapacity of these enterprises. We deal with several aspects of liquidity measurement and workingcapital management of agricultural enterprises in our paper. An effective liquidity and workingcapital management can provide a strategic advantage especially in difficult economic times. Wefound during our researches of corporate financing that the traditional liquidity ratios do not givean accurate picture of the enterprise liquidity position, and therefore it is necessary to adjust them.The problems in the calculation of the traditional liquidity ratios are caused thereby they do nottake into account the turnover ratio of the current assets and the current liabilities. An otherimportant financial indicator closely related to liquidity is the cash conversion cycle what shouldalso adjust in order to measure more accurately. The adjusted ratios using for the business analysisprovide a more accurate picture of the current company's financial position for the stakeholders,while the traditional ratios under- or overvaluate it. Using the new ratios will support the firms'risk assessment a lot better. The ratios above mentioned were using for analysis of agriculturalenterprises.
Tárgyszavak:Társadalomtudományok Közgazdaságtudományok előadáskivonat
working capital
financial ratios
liquidity management
cash conversion cycle
agricultural enterprises
risk assessment
Megjelenés:Proceedings of the 20th International Scientific Conference / ed. Jan Hron. - p. 255-262. -
További szerzők:Fenyves Veronika (1978-) (gazdasági agrármérnök) Bács Zoltán (1969-) (agrármérnök)
Internet cím:Intézményi repozitóriumban (DEA) tárolt változat
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