Okres spłaty należności a zyskowność spółek w latach 2002– 2009 – badanie spółek przejmujących przygotowujących się do połączenia
The receivables payment period vs. profitability of companies in the years 2002–2009 − research on companies which are preparing to mergers and acquisitions

Summary/Abstract: This article aims to examine the relationship between the period of receivables payment and profitability of companies. The sample includes acquiring companies in five, four and three years before a merger. Based on a review of literature a hypothesis can be formulate about the existence of a negative relationship between the period of receivables payment and profitability of assets. Linear regression is used in the study. Based on the results of the study the hypothesis has not been confirmed that Polish companies behave in a different way than, for example, companies from other European countries. This may be due to the specific legal and economic condition, the selection of companies, which in the future will merge, the level of development of the companies which will be confirmed by future business combination.

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