Związek cyklu konwersji gotówki ze wskaźnikami płynności przedsiębiorstw notowanych na GPW w Warszawie
Cash convertion cycle and liquidity ratios relationship basing on companies listed on Warsaw Stock Exchange

Summary/Abstract: The research has been done to identify an active financial management policy of Polish enterprises. If they do so, the authors of this article expect to identify the relationship between the length of cash conversion cycle and the liquidity of a company. The authors verify the hypothesis: in a company conducting an active policy of working capital management the decreasing length of cash conversion cycle will make the liquidity ratios better. The results of this analysis provide the answer that it is not possible to verify the hypothesis basing on the models. Lack of correlation between cash conversion cycle and liquidity ratio is interpreted by the authors as lack of working capital management in companies.

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