Determinanty zróżnicowania poziomu płynnych aktywów w przedsiębiorstwach notowanych na GPW
Determinants of cash holdings in Warsaw Stock Exchange Companies

Summary/Abstract: The article investigates the determinants of cash holdings for a non-financial companies traded on the Warsaw Stock Exchange between 2007 and 2009. The empirical results show that there is a high degree of differentiation among companies considering cash holdings policy. In this paper descriptive statistics of the used variables and correlation between them are reported. The cash holdings are negatively related with company size, cash flow from operating activities, leverage degree and debt maturity structure, but the correlation coefficiency between cash holdings and other proxies are not high.

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