Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/147095 
Autor:innen: 
Erscheinungsjahr: 
2014
Quellenangabe: 
[Journal:] e-Finanse: Financial Internet Quarterly [ISSN:] 1734-039X [Volume:] 10 [Issue:] 2 [Publisher:] University of Information Technology and Management [Place:] Rzeszów [Year:] 2014 [Pages:] 1-10
Verlag: 
University of Information Technology and Management, Rzeszów
Zusammenfassung: 
The problem of return on current assets and return on working capital related to the cost of equity invested in a company is analyzed in this paper. Risk - return and liquidity - profitability trade-offs influence the company's equilibrium and management decisions. Liquidity is measured by the cash conversion cycle and it is related to the working capital strategy, measured by current ratio. Rate of return on current assets should be related to the rate of return on working capital that is linked to the cost of capital and the required rate of return. The results indicate that there is a positive relationship between the return on current assets and cash conversion cycle, a positive relationship between cost of equity and return on working capital meaning that the working capital, cash conversion cycle and current assets management are related to profitability, and cost of equity is determined by the required rate of return calculated based on the Capital Asset Pricing Model.
Schlagwörter: 
return
equity cost
liquidity risk
JEL: 
G1
G3
Persistent Identifier der Erstveröffentlichung: 
Dokumentart: 
Article
Erscheint in der Sammlung:

Datei(en):
Datei
Größe
557.22 kB





Publikationen in EconStor sind urheberrechtlich geschützt.